Complaint Review: Applied Merchant Systems, Inc. - Chicago Illinois
- Applied Merchant Systems, Inc. 737 N. Michigan Avenue #2020 Chicago, Illinois United States of America
- Phone: 800-675-6573
- Web:
- Category: Credit Card Processing (ACH) Companies
Applied Merchant Systems, Inc. AMS pulling money out of our account without support Chicago, Illinois
I posted yesterday that Applied Merchant Systems refused to send funds from a transaction with a client. After being given two options, AMS removed the option that proved it was a valid transaction and insisted on us reversing the charge. We reversed and got a check from the client. As mentioned earlier, AMS charged a transaction fee to us. Today, they processed the reversal of the charge. So they held the funds initially, but didn't process the reversal against the held funds...they reversed it against our account. The initial charge was $6000 and the fees that they are refusing to reverse (both initial charge then forced reversal) will be $600. Do not use this company!
This report was posted on Ripoff Report on 01/07/2011 01:27 PM and is a permanent record located here: https://www.ripoffreport.com/reports/applied-merchant-systems-inc/chicago-illinois-60611/applied-merchant-systems-inc-ams-pulling-money-out-of-our-account-without-support-chica-680023. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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