Surprise! Wells Fargo found out that after an internal probe, some of it’s account executives were ripping off customers and charging some very high fees as per the WSJ. Unfortunately this practice is all too common among processors. I have seen companies that sent in statements where for some credit cards they were being charge 14%! This happens at the big name firms all the time as they take advantage of a merchant’s trust in their established name. The bottom line: always make sure to deal with a reputable merchant service provider.
You may also like
Chargebacks are something all businesses try to avoid at all costs. If your business has too many chargebacks (as little as 1% […]
Well it seems some interesting information has been put out by a former employee about exactly what Heartland Payment Systems (bought out […]
It seems that a settlement has been reached against Paypal for some really horrible business practices. I have been telling people for […]
Yet another processor is in the line of fire of a class action lawsuit. Both EVO Merchant Services and EVO Payments International […]