This is a warning to anyone looking to process credit cards through First Data, Merchant Wherehouse or AppliedMerchant.com Warning: they are all the same company looking to accept your application as quick as possible, just to have a guy named Greg from First Data Security call you telling you he is going to be holding your funds for a so called "Security Review" People read these reviews here, they are not all just angry people who have done something wrong with First Data! First Data and applied merchant will screw you over regardless of your business model.
Here's My Story:
I was looking for a merchant account to process credit cards for my website online. I was told that first data was the largest processor of credit cards in the world so naturally i put all my trust in them and believed that they would be a reputable honest credit card processor. Oh boy was i wrong! Within the first 5 days of processing credit cards, a guy name "Greg" from security called me and told me that $1500 of my funds are being placed on hold for a security review. When i asked Greg (631-683-6937) what the review was for he told me it was to verify my business location and identity. No Problem! i faxed Greg my drivers license, 12 invoices, and 3 utility bills. Greg told me the review would be complete in 2-5 days. I waited patiently for scammer Greg to call me back telling me my that the review was complete and my funds would be released. I ended up having to call him back 5 days later asking about the review, this is when he totally treated me like a criminal telling me that my customers did not want my service and that they would be closing down my account. Un-able to receive funds customers begin complaining and refunds requests starting rolling in. I simply told them to call Greg since i was no longer in charge of their funds make since right? if i wasnt getting any funds in my account how am i suppose to process refunds? I told Greg this and he continued treating me like a Criminal when him and his company are the real Criminals locking their customers funds to gain interest. Let me tell you First Data doesn't give a hoot about you or your customers, they'll do w/e they can to hold any funds you receive, and they'll take them when you need it the most. They hide behind a security review to justify stealing money from their merchants. Come on first data this is the oldest d**n trick in the book grow the hell up. Anyway back to my story. I originally signed up with First data through merchantwherehouse.com (another first data scam partner), They told me i wouldn't have any problems getting sales from my site because they reviewed it before hand and made sure everything is legit. Point being don't apply with merchantwherehouse.com or AppliedMerchant.com they are 100% affiliated with First data and will tell you ANYTHING, AND I MEAN ANYTHING to get you approved with a bank, so they can hold your funds.
WARNING: DONT APPLY WITH FIRST DATA
WARNING: DONT APPLY WITH MERCHANTWHEREHOUSE.COM THEY WILL LIE TO YOUR FACE, TELL YOU ANYTHING YOU WANT TO HERE TO GET YOUR FUNDS
WARNING: DONT APPLY WITH APPLIEDMERCHANT.COM, A SALES REP NAMED LAURA WILL TELL YOU THEY ARE NOT AFFILIATED WITH FIRST DATA, THEY'LL GET YOU TO APPLY AND THEN HOLD YOUR FUNDS 24 HOURS LATER. THEY KNOW WHATS GOING ON, THEY KNOW THEY'RE GOING TO HOLD YOUR MONEY FROM THE GET GO!
YOU'VE BEEN WANRED!