GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Credit card processor froze 10k of my buds money.

Shaggy · 05-02-2003, 06:28 PM

A question for my wise friends..

A friend of mine was selling cable descrambler equipment when the processor 2checkout.com got a letter from the justice department saying they were investigating those selling the equipment.

So, they suspended his account and froze the $10,000 he had in there stating they would freeze it until the end of the investigation.

1. Do they have the right to hold the money longer than the normal waiting period for an investigation?

2. If they do try to keep it, besides getting a lawyer. Is there anything else he can do to get his money?

3. Most importantly, do you think getting his own merchant acccount would prevent this in the future or could the justice department freeze that as well?

4. If his own merchant account won't work. What will?

I look forward to hearing this..

05-02-2003, 06:28 PM
Shaggy Confirmed User Join Date: Jan 2002 Location: USA Posts: 570	Credit card processor froze 10k of my buds money. A question for my wise friends.. A friend of mine was selling cable descrambler equipment when the processor 2checkout.com got a letter from the justice department saying they were investigating those selling the equipment. So, they suspended his account and froze the $10,000 he had in there stating they would freeze it until the end of the investigation. 1. Do they have the right to hold the money longer than the normal waiting period for an investigation? 2. If they do try to keep it, besides getting a lawyer. Is there anything else he can do to get his money? 3. Most importantly, do you think getting his own merchant acccount would prevent this in the future or could the justice department freeze that as well? 4. If his own merchant account won't work. What will? I look forward to hearing this..