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- ---- Merchant Credit Card Processing Horror Stories
incrediBILL - 10:24 am on Jun 17, 2010 (gmt 0)
One of my old biz partners was selling electronics online and the CC company held back $30K in funds and this was over 8 years ago, nothing new.
|the bank wanted it all in 36 hours or else they would freeze our accounts. |
That's a fine example of why I don't allow my bank to process my credit cards.
It's also a reason why I don't keep all of my money in a single bank.
No single institution should have that much control over your business or personal accounts.
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