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-   -   What the fuck is up with WTS (ach processor)?? (https://gfy.com/showthread.php?t=1068432)

gleem 05-17-2012 06:36 AM

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?

Phoenix 05-17-2012 06:42 AM

they are holding just under 500 bucks of my money...i used them to test on a site.
they refuse to give me the money back...lol

gleem 05-17-2012 06:45 AM

Quote:

Originally Posted by Phoenix (Post 18951080)
they are holding just under 500 bucks of my money...i used them to test on a site.
they refuse to give me the money back...lol

This is recent? You got $500 worth of sales and they won't payout? What's the story there?

Phoenix 05-17-2012 06:48 AM

Quote:

Originally Posted by gleem (Post 18951083)
This is recent? You got $500 worth of sales and they won't payout? What's the story there?

it is a few years now...i gave up after some words were sent both ways.

they basically told me fuck you you are not getting your money.

i used them to process on a site we had setup....almost all the recurrings were on my creditcard..although some people signed up as well.
Anyway, we shut the site down...i ask for the money...im told no...not possible as it is under $500..they only pay out for over $500.

So i went my way...they continue on doing what they do

IF i ever leave this industry im going to post a full list of all the people who have ripped me off. I bet i have about 100k owing from some respectable companies around here.

Gerco 05-17-2012 06:59 AM

Or they do what they did to me. Send you the contract, then as soon as you send it back, drop your account.

gleem 05-17-2012 07:00 AM

Quote:

Originally Posted by Gerco (Post 18951104)
Or they do what they did to me. Send you the contract, then as soon as you send it back, drop your account.

why did they drop your account?


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