Transfirst Merchant | transfirst.com, is literally stealing hundreds of millions of dollars annually from merchants!
I signed up for Transfirst Merchant services. I was approved by Victoria (Customer Relations Specialist) who was assigned to me assured me that my two Wellness Books, were accepted by their merchant. She said, I guaranteed you're not in violation. Her number and ext. is 877.746.0629 Ext. 6638.
I didn't want to activate my fee based account until I was guaranteed that I wouldn't be in violation. I accepted their authorization contract (which starts my fees with the company) and started accepting credit card payments.
I activated my account on March 26, 2013 I accepted 10 payments and only 3 went through. I told my buyers that it was their fault and to call their bank. Payments were rejected for two more days then I called the bank and they said my account was closed--because I was in violation for selling two wellness books that had been approved before I activated my account? My account was only open for 2 days.
I tried calling Mary Schaffer and Victoria five times and no returned calls. They are supposed to be working with me. Mary called my twice and I immediately called her back, told her I was home all day no calls.
On March 13, 2013, I received a monthly bill of $43.04 for an account I had opened for two days.
Transfirst is also holding my payments, even though all my buyers have their products. I told them to call the buyers and verify they have my products. They told me no.
My main concern is... this has cost me $220 dollars, what if they do this to 1 million people annually? They guarantee them a merchant account, charge them, keep their money and close they're account without telling them. The company would make hundreds of millions of dollars a year on
stealing from people?
Thus far, I have filed with both Kentucky and Colorado Attorney Generals offices, going to the newspapers and do some investigative research and to 60 Minutes! I bet this type of fraud is happening nationwide to small businesses. I know that Paypal has stolen hundreds of millions dollars from small businesses, just Google Paypal (scam).