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First Data Complaint - First Data Took $500 From My Small Business

Review by Hard Times on 2009-04-27
MISSOURI -- I have only been in business for 2 years and not real wise about credit card processors, till now. Make sure you read about termination fees. I applied on line, and when requested to see it in writing they were going to charge for that too. I was a good customer for a year in a half. I was paying even if I had no transactions.

Business is slow, when I canceled they took $500 out of my account. That is all I had in there.
Comments:1 Replies - Latest reply on 2009-04-27
Posted by Anonymous on 2009-04-27:
Here's a tip for any business. You should maintain a separate account for the card clearing services to use. When they deposit to that account, you should immediately move the funds to a different, operating account. You never want them to have open access to your whole business.

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