All Credit Card Processors Complaint - Non-Compliant Fee
Here's the way I see it. Impose a 19 dollar per month fee for not being compliant as my merchant did to me (Allstate Merchant Services). Doesn't sound like much does it? Now multiply this 19 dollars by 20 or 30 million merchants. Now that's a tidy sum for someone who isn't doing a damn thing for the merchants but giving lip service and sending out the bogus letters. It's like a small 2 or 3 dollar insignificant charge on an electric bill, telephone bill, etc, etc. Not much is it? most people overlook this little charge and pay it. Now, multiply that same 2 or 3 dollars that is being charged to 10 or 20 million people. IT IS FRAUD, PLAIN AND SIMPLE, regardless of who thought it up. Now that we have ATM machines I have quit taking credit cards. Allstate Merchant Services aren't even getting their transaction fee NOW! @/?%$ credit card processors!