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crowkid 02-20-2007 11:25 AM

Paycom Clients
 
I've been with Epoch nearly 6 years now. I was wondering, does Epoch ever return the holding fee? I've never seen any of that money, just wondering if they keep it forever for themselves! Thanks

Tat2Jr 02-20-2007 11:27 AM

They did away with rolling holdings and just keep a certain amount based on your averages if I remember correctly. So no you don't get it back, but on the other hand they don't take anymore either. I could be wrong... I'm sleepy.

Rand 02-20-2007 11:44 AM

Quote:

Originally Posted by crowkid (Post 11947456)
I've been with Epoch nearly 6 years now. I was wondering, does Epoch ever return the holding fee? I've never seen any of that money, just wondering if they keep it forever for themselves! Thanks


Reserves are no longer taken on accounts for credit card transactions. Some older accounts still retain a balance due to their processing agreement and volume, but no additional reserve fees are taken.

If you would like for us to look at your account we are happy to do so. Write to Accounting at Epoch dot com. Be sure to include your Master Code.



crowkid 02-20-2007 11:57 AM

Thanks Rand, good to see you're still around and active as ever on the boards...This guy is like an Epoch ALL Star, lol.

Rand 02-20-2007 12:53 PM

Thanks!

And for the record..... we don't keep reserves. :winkwink:

Your processing agreement tells you how funds are returned and we've already returned reserve funds to many clients. :thumbsup


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