- Report: #779215
Report - Rebuttal - Arbitrate
Complaint Review: Momentum Payment Systems
Momentum Payment Systems3801 Arapaho Road, Addison, Texas 75001 Internet United States of America
Momentum Payment Systems Withholding Funds Internet
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Each time we have called to see when the money will be released, we are told to call back the following month. The last time we called, we were told that the funds would not be released until March of 2012, over nine months since the original transaction! They advised us they have the right to hold the funds for 270 days per our contract. We are a small business, and this has seriously affected our cash flow.
If this company contacts you about switching services, run as fast as you can in the opposite direction, especially if you're a small business. Once they have you, they have you and it may seriously harm your business as it has ours. Worst decision we ever could have made. Interestingly enough we returned to our previous credit card processing company who matched their prices.
This report was posted on Ripoff Report on 09/20/2011 08:06 PM and is a permanent record located here: http://www.ripoffreport.com/r/Momentum-Payment-Systems/internet/Momentum-Payment-Systems-Withholding-Funds-Internet-779215. 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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