I just recently fulfilled a 3 year contract with Merchant Data Systems (started processing June 23, 2012), and sent out a notice way before my contract end date to them letting them know that I would no longer be using their merchant services as my experience with them had been awful for the 3 year contract term. I spoke with Sam Saka on 6/23/15 who stated he was sorry to hear about my experience and that he would look at my account and shouldn't have any problems or fees with discontinuing merchant services, but asked if I would allow 60 days before services were discontinued. On June 25, 2015 Merchant Data Systems began holding my credit card transaction funds which totals over $6400. On July 6, 2015, Will Cruz called me to say that they were not going to fund my card transactions because it actually costs over $18,000 to discontinue services. Merchant Data Systems has totally stopped taking my calls. I have left numerous messages with Sam Saka, and they will not provide me with the owner of this company's name. This company owes me over $6400. I have been in business for a very long time and I have never been scammed like this company has scammed me.
This company is completely unbelievable. I cancelled my merchant account with them back in Oct. 2014. They consistantly draft my bank account for over $200 each month. I call to inquire WHAT these charges are, no one can or is willing to say what for, I have no early termonation fees per the owner, Mr. Dave Gutman. Yet I am charged every month over and over. I call to resolve the issues and they hang up on me, lie and say they will look into the situation and call me back, the calls never arive. I have sent many emails to the "proper" authorities, yet nothing gets resolved.
I have now resprted to reporting them to the Federal Trade Comission for fraud, reported them for illegal and unethical practices with Mastercard, Visa, Discover and AMEX. Nothing get resolved. I have disputed the charges with me bank and have now had to close my bank account in order to STOP these idiots from the continued THEFT. Do not, I repeat do not do business with these people, who also own a sister company called "Company.com" They are liars, thiefs and are not professional nor ethical enough to do the right thing.
Merchant Data Systems Reviews
I just recently fulfilled a 3 year contract with Merchant Data Systems (started processing June 23, 2012), and sent out a notice way before my contract end date to them letting them know that I would no longer be using their merchant services as my experience with them had been awful for the 3 year contract term. I spoke with Sam Saka on 6/23/15 who stated he was sorry to hear about my experience and that he would look at my account and shouldn't have any problems or fees with discontinuing merchant services, but asked if I would allow 60 days before services were discontinued. On June 25, 2015 Merchant Data Systems began holding my credit card transaction funds which totals over $6400. On July 6, 2015, Will Cruz called me to say that they were not going to fund my card transactions because it actually costs over $18,000 to discontinue services. Merchant Data Systems has totally stopped taking my calls. I have left numerous messages with Sam Saka, and they will not provide me with the owner of this company's name. This company owes me over $6400. I have been in business for a very long time and I have never been scammed like this company has scammed me.
This company is completely unbelievable. I cancelled my merchant account with them back in Oct. 2014. They consistantly draft my bank account for over $200 each month. I call to inquire WHAT these charges are, no one can or is willing to say what for, I have no early termonation fees per the owner, Mr. Dave Gutman. Yet I am charged every month over and over. I call to resolve the issues and they hang up on me, lie and say they will look into the situation and call me back, the calls never arive. I have sent many emails to the "proper" authorities, yet nothing gets resolved.
I have now resprted to reporting them to the Federal Trade Comission for fraud, reported them for illegal and unethical practices with Mastercard, Visa, Discover and AMEX. Nothing get resolved. I have disputed the charges with me bank and have now had to close my bank account in order to STOP these idiots from the continued THEFT. Do not, I repeat do not do business with these people, who also own a sister company called "Company.com" They are liars, thiefs and are not professional nor ethical enough to do the right thing.