How long can a merchant provider freeze funds legally?
Posted on February 6th, 2010 by admin
A clients merchant account was frozen by First Data and is claiming they are freezing his funds and thus can not pay my invoice. Months have gone by, same excuse. Before I simply just take him to court for non-payment how much validity is there in his story? How long can a merchant freeze an account and hold his funds?
Funds can be held for a short period of time to verify them.
February 6th, 2010 at 7:35 am
Sounds like he is full of it. I wouldn’t hassle with him, and go file a small claims.He will get the message. Let him explain to a commissioner this story. They will ask for proof.
Even if that is the truth, what does that have to do with you? that’s his problem not yours.
References :
February 6th, 2010 at 8:06 am
Funds can be held for a short period of time to verify them.
References :
http://www.emerchantsolution.com