Quote:
Originally Posted by Chris
You are 100% right - thats why the account is frozen. Contact made. Investigated. Final decision made.
Huge difference between a frozen account and a terminated account.
When an account is frozen - it is being investigated. I could careless if Obama himself had an account with us and he got sent some fraudulent money that he was not aware of. I'll freeze his account and investigate it. Just because you are a high volume or high profile account does not mean you get to bend the rules in any way shape or form. Our banking partners dont care about that. They care about us following the rules and it is what we will do.
Ya'll should be happy about the fact we are not going to risk our business for anyone.
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Sorry Chris, but you should be VERY CAREFUL with what you say and ask a lawyer first besides saying some of the things you said in this thread. Unless things have changed in the last 6/8 months doing what you say you're doing could mean MC closing ties with Paxum.
I'm not trying to be a smart ass and I understand you're still learning the biz, but I'd strongly suggest you get some lawyer advise before saying the things you said.
Furthermore (and again: UNLESS THINGS CHANGED LAST MONTHS), your TOS mean exactly this, otherwise you wouldn't be approved by MC, VISA nor any real bank: You can CLOSE AN ACCOUNT as much as you want, you can NEVER keep the money unless there's a federal court order. And in that case, unless you're registered as a bank (which you aren't) the money is kept by the bank you're working with, not you.
And quite honestly, I doubt any bank would accept you close accounts without noticing the end user, much less keeping the money. And I won't go any deeper to avoid helping someone who is trying to defraud you, but again, check with a lawyer.
