Report: #474278

Complaint Review: Cynergy Data - Internet

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Ripoff Report is Xcentric Ventures

Submitted: Tue, July 28, 2009
Updated: Tue, July 28, 2009
Reported By: — long beach California

Author Confirmed

Why?

Cynergy Data cynergydata.com Internet U.S.A.

Phone:
Web:
Category: Credit Card Processing Companies

Cynergy Data With holding credit card funds from processing Chicago Internet

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I took out a merchant advance through Infinity Capital in california who uses Cynergy Data as the processor. As i was paying down the advance i found out an additional 10 % was being held by Cynergy Data. This account is now closed Cynergy is still holding $13,000 and will not release until 9 months after the account is closed. Be careful and understand under the guidlines of the merchant services they cal legally hold any amount of money up to nine months.

Jeff l
long beach, California
U.S.A.

This report was posted on Ripoff Report on 07/28/2009 03:02 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cynergy-data/internet/cynergy-data-with-holding-credit-card-funds-from-processing-chicago-internet-474278. 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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