• Report: #680023

Complaint Review: Applied Merchant Systems, Inc.

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  • Submitted: Friday, January 07, 2011
  • Posted: Friday, January 07, 2011
  • Reported By: Lisa — Bend Oregon United States of America
Applied Merchant Systems, Inc.
737 N. Michigan Avenue #2020 Chicago Illinois 60611 United States of America

Applied Merchant Systems, Inc. AMS pulling money out of our account without support Chicago, Illinois


1Author 0Consumer 0Employee/Owner

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I posted yesterday that Applied Merchant Systems refused to send funds from a transaction with a client. After being given two options, AMS removed the option that proved it was a valid transaction and insisted on us reversing the charge. We reversed and got a check from the client. As mentioned earlier, AMS charged a transaction fee to us. Today, they processed the reversal of the charge. So they held the funds initially, but didn't process the reversal against the held funds...they reversed it against our account. The initial charge was $6000 and the fees that they are refusing to reverse (both initial charge then forced reversal) will be $600. Do not use this company!

 

This report was posted on Ripoff Report on 1/7/2011 1:27:57 PM and is a permanent record located here: http://www.ripoffreport.com/credit-card-processing-ach-companies/applied-merchant-sys/applied-merchant-systems-inc-6ef8b.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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