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  • crowkid
    o.g. spammer
    • Jan 2003
    • 1240

    #1

    Paycom Clients

    I've been with Epoch nearly 6 years now. I was wondering, does Epoch ever return the holding fee? I've never seen any of that money, just wondering if they keep it forever for themselves! Thanks
  • Tat2Jr
    Confirmed User
    • Feb 2001
    • 4882

    #2
    They did away with rolling holdings and just keep a certain amount based on your averages if I remember correctly. So no you don't get it back, but on the other hand they don't take anymore either. I could be wrong... I'm sleepy.
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    • Rand
      Industry Vet
      • Jan 2002
      • 2663

      #3
      Originally posted by crowkid
      I've been with Epoch nearly 6 years now. I was wondering, does Epoch ever return the holding fee? I've never seen any of that money, just wondering if they keep it forever for themselves! Thanks

      Reserves are no longer taken on accounts for credit card transactions. Some older accounts still retain a balance due to their processing agreement and volume, but no additional reserve fees are taken.

      If you would like for us to look at your account we are happy to do so. Write to Accounting at Epoch dot com. Be sure to include your Master Code.


      -- Rand


      Payment Industry - Communications - Quality Assurance

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      • crowkid
        o.g. spammer
        • Jan 2003
        • 1240

        #4
        Thanks Rand, good to see you're still around and active as ever on the boards...This guy is like an Epoch ALL Star, lol.

        Comment

        • Rand
          Industry Vet
          • Jan 2002
          • 2663

          #5
          Thanks!

          And for the record..... we don't keep reserves.

          Your processing agreement tells you how funds are returned and we've already returned reserve funds to many clients.
          -- Rand


          Payment Industry - Communications - Quality Assurance

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