Quote:
Originally Posted by will76
This isn't an Etrade deal.
I'm guessing you didn'r use web800, ibill, globill, or any of the several other 3rd party processors that went out of business? In every case, Visa took away their ability to process and kept the money in reserve for future charge backs. The money I am sure at some point was returned to said company, but did it make it's way back to the account holders? Never. They used it to pay off their other debts or line their pockets. Every single time. Where did all the Ibill money go once Visa released it?
There is a 95% chance this will be going on for months not days, and in the end (if history dictates anything) no matter what you do you want be paid.
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But would this be a reserve situation when its basically a debt card?