- Report: #629384
Report - Rebuttal - Arbitrate
Complaint Review: Elavon Merchant Services - NOVA Information Systems
Elavon Merchant Services - NOVA Information Systems7300 Chapman Highway Knoxville, Tennessee United States of America
Elavon Merchant Services - NOVA Information Systems NTC merchant services, Nova Information systems, is illegally holding client unds, caused cancellation of services and refuses to refund clients out of merchant reserve. Knoxville, Tennessee
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
Elavon never provided terms under which a security reserve would be held, under what circumstances the security reserve would be released.
No signed contract with terms and conditions was ever provided by Elavon Merchant services to our firm. There are no terms stated on which interest shall acrue on those funds in reserve.
Our company in attempting to access client funds for operations and supplier payments; complied with several verbal requests for additional information, for 3rd party financials as well as having providing a detailed and accurate forecast of anticipated monthly processing amounts. Our company disclosed fully and completely upon contract with Elavon what those services were. [continued below]....
Those client receipts have never been received by our company, and are owed to our suppliers for services rendered; or to clients whose services were subsequently canceled due to the funds being held in reserve.
Elavon has additionally not made these reserve funds available today for client refunds, nor have they made the merchant reserve available for client chargebacks.
We have engaged legal council regarding release of the reserve.
Elavon still refuses to release the funds or allow access to those funds for the purpose of repaying clients for canceled services or chargebacks.
Client whose services were canceled are co-mingled with clients whose services were not canceled.
Our complaint is that Elavon today, did withhold client receipts without legal cause as our firm transacted business within the disclosed terms and specifications to Elavon; and without clarification on when those funds shall be returned to clients or to our firm.
And that Elavon is now defrauding our company and our clients of their refunds and holding a merchant reserve without the responsibility of releasing them for the intended use and purpose of those funds; nor is it releasing funds for which services have been satisfactorily rendered.
Elavon has caused additional damage to our clients' through continued hold on thier funds, through necessary cancellation of services. Elavon has caused damage to our company in legal fees and banking fees on various failed transactions and loss of revenue.
This report was posted on Ripoff Report on 08/05/2010 02:51 PM and is a permanent record located here: http://www.ripoffreport.com/r/Elavon-Merchant-Services-NOVA-Information-Systems/Knoxville-Tennessee-37920-6612/Elavon-Merchant-Services-NOVA-Information-Systems-NTC-merchant-services-Nova-Informatio-629384. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.