It’s YOUR Money…..
What should you do if your payment processor holds your funds or freezes your account?
According to the New York Times, Wall Street Journal, and a host of other sources, the payment giant Square, is holding funds from their merchants and freezing accounts.
This is a common practice among some processors, but during COVID-19, this is causing massive outrage among business owners. The New York Times states:
“Thousands of small enterprises that use Square to process their credit card transactions — including plumbers, legal consultants and construction firms — have complained that the company recently began holding back 20 to 30 percent of the money they collected from customers.”
Over the last month, around 1,300 business owners have signed an online petition asking Square to end the withholding.
“It may not be the coronavirus that puts us out of business but actually the greed of Square that breaks the camel’s back,” said Jesse Larsen, the owner of PennyWise Contracting, a construction company in Olympia, Washington.
What can you do?
If you want a relationship with a trusted merchant services provider contact Data One Merchant Services. We offer next day access to your funds and you will work with a personal representative who knows you and your business by name.
This article was brought to you by Data One Merchant Services. We hope to win your business by exposing you to some of the ways you could be overpaying. We are a company you can trust, with a reputation of transparency and excellence.
For a free statement review, quote or consultation, contact us at: 800-818-0420.