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Old 05-17-2012, 06:36 AM  
gleem
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Join Date: Jun 2001
Location: Sunny Land
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What the fuck is up with WTS (ach processor)??

So I get my usual payout statement from WTS and they always have the amount they process and the amount you get paid... and after their 15% fee, chargebacks and other bullshit you get maybe 80%-84% of the orignal number they say you processed.

This period I get a statement where I get 50% less than the amount it says they originally processed so I start asking questions back and forth with a very helpful support guy there... I had my questions answered, then later the same day I get a message:

Quote:
"In March, WTS began charging on the Originations Your payouts have been put on hold and will not be paid until you return the new contract that was sent to you in February 2012. If you need a copy of that contract, please contact....blah blah"
Never got any contract, thought the timing of the email was bullshit and if the contract was so important she could have sent it with the "fuck you your payouts are suspended" she just sent me. Pretty shitty way of punishing a customer for asking too many questions.

Basically they changed their rates in March so if you process less than 5k worth of checks with them you are going to be paying about 16 to 18% or more.

Now with the new smoke and mirrors fee tricks for getting more fees, and after that email yanking my payout left me kind of upset... am I over reacting in thinking something is fucked up over there?
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