Thread: Fcms - Fraud
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Old 06-09-2004, 07:23 PM  
ace0r
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Join Date: Feb 2001
Location: Calabasa, CA & Chicago, IL
Posts: 1,410
Sorry to hear about your situation

people need to do their homework before sending any type of application fee for a merchant account, especially highrisk.

haven't personally dealt with the company that you're referring to, but I'll pass on some knowledge that I have gathered with another..

Humboldt is huge on the merchant scene as most know, but a couple agents/ISO working for them are targetting GFY.. they are quoting people at amazingly LOW adult rates, i was shocked at these rates and I had to call them up to try to work out a deal for my own company.. turns out after I called thier headquarters, this fuck was just lowballing everybody, and then eating up the application fees, coming back to them with 2-3x times the original processing quotes after receiving the app. fee.

Get a quote in writing before sending in any sort of application fee.
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