• Report: #786835

Complaint Review: Paynet systems

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  • Submitted: Sun, October 09, 2011
  • Updated: Fri, February 24, 2012

  • Reported By: Alias — Queens Internet United States of America
Paynet systems
Internet United States of America

Paynet systems Paynet credit card Processing system iPhone app Stealing money and information Internet

*Consumer Comment: Paynet aka pipeline aka cynergy data scammers

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The following link is to a portion of paynet's website in which they try to plant a seed for their scam. An 'admin' vaguely describes how anytime you process a credit card a bunch of documents (credit score and personal information included) must be submitted to be reviewed by "officials" to update credit information. Not only will they randomly charge you, the merchant to hustle you, they will also hold your processed funds for long periods of time and try to obtain as much personal info as possible which will end up god knows where. Basically the information that can be found at this link which is to their corporate site, is full of grammatical errors and false information and should make any unsuspecting merchants considering their service hopefully hange their mind. I suggest you check it out.

http://paynetsystems.com/credit-card-processing/steps-to-avoid-credit-card-processing-scams/

This report was posted on Ripoff Report on 10/09/2011 11:08 PM and is a permanent record located here: http://www.ripoffreport.com/r/Paynet-systems/internet/Paynet-systems-Paynet-credit-card-Processing-system-iPhone-app-Stealing-money-and-informat-786835. 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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#1 Consumer Comment

Paynet aka pipeline aka cynergy data scammers

AUTHOR: Erik - (United States of America)

Do not do business with them. They offer "low rate" but then you get charged multiple times. That's when they allow your transactions. But when they feel like it, they will hold funds for weeks at a time and have you email, fax, call and even mail in countless times. Approved transactions aren't approved until they deposit into your account. But be aware of their multiple fees and charges. Be aware that they will hold your money and at times force you to refund even if your client and you have already gave 10 approvals.

Don't do business with them.
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