- Report: #786835
Complaint Review: Paynet systems - Internet
Reported By:
Alias -
Queens, Internet, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Paynet systems
Internet, United States of America
Phone:
Web:
Paynetsystems.com
Categories:
Business Rating:
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Paynet systems Paynet credit card Processing system iPhone app Stealing money and information Internet
The following link is to a portion of paynet's website in which they try to plant a seed for their scam. An 'admin' vaguely describes how anytime you process a credit card a bunch of documents (credit score and personal information included) must be submitted to be reviewed by "officials" to update credit information. Not only will they randomly charge you, the merchant to hustle you, they will also hold your processed funds for long periods of time and try to obtain as much personal info as possible which will end up god knows where. Basically the information that can be found at this link which is to their corporate site, is full of grammatical errors and false information and should make any unsuspecting merchants considering their service hopefully hange their mind. I suggest you check it out.
http://paynetsystems.com/credit-card-processing/steps-to-avoid-credit-card-processing-scams/
http://paynetsystems.com/credit-card-processing/steps-to-avoid-credit-card-processing-scams/
1 Updates & Rebuttals
Erik
Beverly hills,California,
United States of America
Paynet aka pipeline aka cynergy data scammers
#2Consumer Comment
Sat, February 25, 2012
Do not do business with them. They offer "low rate" but then you get charged multiple times. That's when they allow your transactions. But when they feel like it, they will hold funds for weeks at a time and have you email, fax, call and even mail in countless times. Approved transactions aren't approved until they deposit into your account. But be aware of their multiple fees and charges. Be aware that they will hold your money and at times force you to refund even if your client and you have already gave 10 approvals.
Don't do business with them.
