Card Service International - First Data Corp Total Fraud Company Unjustly Freeze Account and Holding Funds Simi Valley California

Card Service International & First data Corp. screws small companies when they have enough sales built up to freeze your money and hold it for 6 months, just like Paypal. They freeze your money and tell you that you are high risk and you have some chargebacks. Then they close your account and treat you like a criminal. You have no rights to appeal and find yourself out of business and in the street without anyone to help you. The attorney generals don't care and the media is not interested. They are committing fraud by the inducement, because they use no qualifications to get you set up and online but the minute you generate some revenue they jump on you like fly paper and freeze your account.

The problem with the way CSI and First Data behaves is that most small business cannot fund the delivery of orders with their capital while the sales revenue is being held and wait 6 months for First Data to release the funds. Most businesses will try to expand their business using their capital while using their sales revenue to directly fill orders. When CSI and First Data cuts you off you have no sales revenue to fund your orders while your capital is committed to advertising and general corporate expenses. First Data then refuses to refund the paying customers right away causing both the small business to incur high chargeback fees which CSI and First Data will deduct against the funds on hold and complaints of non-delivery. The merchant wants to deliver their orders however are unable to do so because of this facist regime which has the power to damage small business. Our government will bail them out when in trouble with our hard earned money while they screw you and celebrate their win. They should be ashamed of themselves.

Fraud by the inducement: the act of misleading a party as to the facts upon which they will base their decision to act.

First Data will lure you in either thru Card Service International, First Data directly or their other independent agencies by promising you all the bells and whisles. But what they give you is mirrors and smoke.

Here is how: You fill out and send a simple online form. They immediately approve you conditionally. The next day they are calling you with your Account Number and MID and TID. Now that you are ready to go you start advertising and generating sales. You are now filling orders and making necessary arrangements and committments to expand your potential so you can grow. A short time later you get a surprise call from the Risk Department who all of a sudden freezes your account and asks for information to be faxed to them. You comply and about a week later if lucky they unfreeze your account.

While they play this initial game and you wait, they immediately deduct all their fees from the sales revenue and pull the monies out of your bank account. You are now funding their fees, but are not receiving any sales revenue. Now that you feel you have gotten thru their risk management scrutiny you go about your business investing money to generate sales and filling orders.

Maybe a month goes by and you have a couple of chargebacks. (totally uncontrollable as the card issuing banks don't send a retrieval request as in the past, they just chargeback your account causing fees to be generated for the banks and processors). Now all of a sudden you get another call by risk management telling you violated their policies in some way and they want to do an intensive investigation. Get ready to send invoices, sales orders, tracking information, financial statements and bank statements. Now get ready to close your business or scramble to find another processor.

Further, they want to track your latest order which you just received either the day before which they know you have not shipped. Now they criticise why you did not ship the order. You tell them I have 100 shipped orders with proof of delivery for the month and can show you those. They tell you to never mind.

So now again they hold your money for one week while you sweat it out and because your capital is committed you continue to generate sales. Then they drop the bomb. ' We are closing your account immediately.' Find another processor. Also, we will not release your sales revenue or refund your customers the money they have paid. You must ship your remaining orders or suffer the chargeback fees and get TMF on Visa and MC if you don't do exactly what we say.

My friends you are now a family member of the SCREWED CLUB.

Paypal uses the same fraudulant scheme as First Data. Their secret business model is to hold your money and earn interest for 6 months.

FRAUD: DELIBERATE DECEPTION MADE FOR PERSONAL GAIN OR TO DAMAGE ANOTHER INDIVIDUAL.

CSI and First Data are industry professionals with years of experience causing both theft by deception or larceny by trick by making gross misrepresentations on their sales materials and internet site. Their fraud involves the act of intentionally making false representations of material fact, with the intent to deceive, which is reasonably relied upon by another person to that person's detriment.

Why does First Data approve an application without thorough evaluation BEFORE they give you the credit line? Would a bank give you $100,000 loan without evaluating your paperwork first? Isn't this the same thing?

Why, because First Data knows in advance that they have both no reasonable basis to perform as promised and that future performance was known to be false at the time it was made. First Data has no intension of funding your sales over and above a certain point.

One can get PUNITIVE DAMAGES if they can prove Fraud and I think I can.

I will sue CSI and First Data as a pro-se litigant plaintiff to avoid attorney fees until a law firm which sees the potential may want to step in and make a class action or the judge forces me to take a lawyer. In any event, I am sure that this case has merit to get to summary judgment and possibly a jury trial.

These companies need to have a $10 million punitive judgment and a judge to order a change in how they do business. Until then business as usual for CSI and First Data Corp.

Concerned Victim
miami, Florida
U.S.A.

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