APPSTAR FINANCIAL - MERIMAC CAPITAL - AVOID BE THEIR NEXT VICTIM !! APPSTAR FINANCIAL - MERIMAC CAPITAL APPSTAR FINANCIAL AND MERIMAC CAPITAL - AVOID TO BE THEIR NEXT VICTIM San Diego California

We are located in Hewlett NY. Their local representative that lives in Woodmere NY of name Jordan Rinzler sounded very convincing when calling on the phone offering their processing card services for lower rates. He came to our business and I went through all the details including what is our average ticket at the salon. We clearly specified that in services average tickets are from 50 to 500 while in occasion there could be a weekly product sale like wigs and hair extensions that are around 3,500 dollars.
 
The first charge was one of those big tickets. A hair extensions sold in 3,500 - the charge was approved by the company but the money never deposited in the bank account.

When we asked why, their response was that they will hold the money for six months !! They alleged a possible charge back because the credit card was from Russia ?. In reality the card was not from Russia, it was from a Russian person that lives and have business right here in New York. ( I didn't know that Russians are discriminated by Appstar Financial)....

After we strongly complained about they keeping our money , they also stopped authorizing charges. We didn't care for it because who wants to work with this company if then they will keep the funds with any excuse.

We asked them to pick up their machine or tell us how to return it - they never did, they never respond to us, and they never contacted us BUT they continue to charge the monthly fee  for a machine that we wasn't able to use. I was forced to close our checking account for their nonstop charges.

Now, 3 months later,  we got a letter demanding 3,466.16 dollars accusing me of being in default for breach a non cancelable contract. They breached the contract ! They didn't approve charges ! They are holding 3500 dollars funds from my business !

I don't understand how this scam works?
How our country allows this people to stay in business?
which government office oversees this kind of business behavior?

Because our frustration, I searched in the internet others experience with this company Appstar Financial that also uses the name of MERIMAC CAPITAL - to realized that we are one of the hundreds of victims that have been and are in same position !

In my opinion this company business is not in the Merchant Processing Card Charges, they are using it as an excuse and looking for making their customers upset like they did to us, by holding our funds to then claim huge fees for terminate the lease
( this is their real business ) no merchant services ! BE AWARE and read others reviews.
Please counsel me how to proceed.

For anyone interested here are some of other victims reviews.

yellowpages.com/fort-worth-tx/mip/merimac-capital-458547724

 bbb.org/sdoc/Customer-Reviews

.courtinfo.ca.gov/selfhelp