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Square or Square Up Credit card company took my money and then closed my account Unknown Nationwide
I opened a square account because I dont deal with a lot of credit cards just a few every now and then. So I have had them for a few months and received my first credit card payment the other day a deposit of 2000.00 It went into my bank without an issue. Then the company went to pay the remaining amount of 575.00 and when they did I get this notice from Square.
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So I went to the link they gave me and sent them by business license and contract with the company that was paying me and a copy of the statement that showed the first payment and and my website address and my tax id information from the iRS. So tonight I get this from them.
Hello Carrie, |
We’re sorry to inform you that we are deactivating your account. Our Account Services team reviewed your account and found a pattern of transactions associated with high-risk activity. |
For further information about our policies, you can review section 42 of the Square Seller Agreement. |
We regret that, starting today, you will no longer be able to process transactions using Square. Any funds currently in your account will be held for 90 days before being released to your linked bank account. |
So I looked up article 42 and this is what I see
We may terminate this Agreement or suspend or close your Square Account for any reason or no reason at any time upon notice to you. We may also suspend the Services and access to your Square Account (including the funds in your Square Account) if you (a) have violated the terms of this Agreement, any other agreement you have with Square, or Square’s policies, (b) pose an unacceptable credit or fraud risk to us, or (c) provide any false, incomplete, inaccurate, or misleading information or otherwise engage in fraudulent or illegal conduct
It looks like they are calling my company fraudulent.. I am very pissed and I am thinking about putting a lawsuit together if possible to sue them for deflamation of Character.