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Report: #1198505

Complaint Review: Bank of America - Nationwide

  • Submitted:
  • Updated:
  • Reported By: CDavid — Pearland Texas
  • Author Not Confirmed What's this?
  • Why?
  • Bank of America Nationwide USA

Bank of America Bank of America Merchant Services Customers Ripped Off Houston Nationwide

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B of A Merchant Services process credit card payments for merchants. The contract fopr services is $134.00 per year plus a percentage. I opted for "No Paper" billing, statements and etc.    I recieved a paper mailing from B of A and opened it. The banks letter informed me that I am being automatically enrolled in a security program, with a third party,  for 19.95 per month as of February 1st, 2015. They will start deducting the amount from my business account without any response or approval from me and it will be a 12 month contract.      The only way to opt out is to call a phone number and get an opt out confirmation number then go to a website and enter the number.   Needless to say, when I called the number, I got a foreign based Indian woman that argued with me, threatened that my account could suffer shut downs without this protection and insulted me for not understanding the importance of this.    I have "no Paper" agreements for all of my accounts but they use a mailed letter to imform me of a contract they are entering me into with a third party vendor. This must be fraudulent, illegal and thousands of people are goint get screwed by this. How many will never notice.

This report was posted on Ripoff Report on 12/30/2014 05:14 PM and is a permanent record located here: https://www.ripoffreport.com/reports/bank-of-america/nationwide/bank-of-america-bank-of-america-merchant-services-customers-ripped-off-houston-nationwide-1198505. 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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