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Old 04-03-2012, 10:23 AM  
Gerco
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Join Date: Nov 2005
Posts: 2,052
Web Transaction Services (WTS) whats the deal?

So, I have been getting a payout from them on a fairly regular bases for the last 8 years, but noticed that I had not received one in awhile. I was told by them that they are no longer sending out checks and that I had close to 700 in my account waiting on wire transfer information. So I provided the information to them immediately after receive this...

"We are writing regarding your ACH Processing Application and Service Agreement between WTS and Gerco, Inc. dated 10.29.04. This letter shall serve as formal written notice of termination, effective immediately, of the Agreement and all payment-processing services for your company, pursuant to Section 8.

Gerco, Inc. processing services with WTS have been terminated, effective, 4.3.12. If there are any questions regarding this decision, please don?t hesitate to contact us directly at 512-263-3011."

So, suddenly after 8 years they just terminate out of the blue. What about the money I have sitting there? Just wanted to share this as a heads up to anyone else using them.

Of course, there is no contact at the number provided, no operator, and the person who is suppose to be my account rep extension is going straight to voice mail. I smell another Ibill...
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