Quote:
|
Originally Posted by RazorSharpe
The reason they asked you to look at your contract is becuase that is where it will state what your flat reserve or percentage of income reserve fee is.
The will take the reserve from each month's processing till the contract fund is reached and then stop taking a reserve. Basically, if you contract states your reserve will be $20000 then you get charged 5% or whatever per month till this reserve fund is reached and then they stop taking it out of your account.
I believe this reserve is kept for 6 months AFTER you terminate your contract with them.
...
|
I apprecaite the help. But their response was bad. Why are you able to tell me how it works but their customer service tells me to look at my contract. If they would have replied to my email with what you said ... no problem.
Second .... so you never get your reserve back from them untill you terminate your contract. They just keep a savings account with my money in at based on a % of my sales each month.
How come CCBill just takes their % and you get it back 6 months later? Why doesn't Paycom give you back your money? Whay do they hold all of it? They have to be making shit loads on the interest on everyones money they hold.