I convinced my new business partners that we should try Payline Data after reading the great reviews. Very costly mistake. On the first week of transactions, third batch, our funding is placed on hold, $3000. We were approved for 36,000k per month, Virtual and Mobile terminals.
We are contacted by a Vantiv Risk Manager asking for more information regarding our transactions. We submitted the information (2 recent invoices). They are unable to reach the customers so they ask for two more invoices, but only after we contact them. Apparently, they need to validate the purchases. Two more days pass and nothing. We send a message to the Sales Rep at Payline and contact Vantiv, nothing. Finally we get a call back stating that our account was flagged for Risk because of a few Yelp reviews, NO JOKE. They said they would require some additional information.
Me and my new partners recently purchased a photography business/equipment because the last owner lost his wife to cancer and was not able to carry on with the business, in the last month he received a few bad reviews, his loss was not disclosed to the customers. I have worked for him for the past 4 years and he told me that I would be given the opportunity to be a small partner in the new business because of my experience with Event Photography and knowledge of the productive. Prior to the recent bad reviews, the previous company had more that 50 five star reviews. I was stoked about the opportunity. In mid October I met my new Partners, and we started preparing the new Corporation, Bank account was opened Nov 2, we applied to Payline Data on the 5th and were approved on Nov, 9.
We purchased our new web domain on the Nov 3rd and hired a web development team on the 4th. We decided to keep the CRM (customer management system) with the old website, because it worked well, but in the interim we were given a few accounts to complete along with the website in order to maintain repeat business with more than a few thousand customers in the system, He also gave us the 800 number so that we can re-service existing customers. Our new website is scheduled for completion in early Dec. We decided to keep the site until the transition was completed, by then we could send our customers notice of the change and New Business name. The old company had serviced more than 3000 customers, there is no reason to dismiss the many great, happy customers for the the very few unhappy recent customers. The truth is the previous owner really had no strength or focus on the business.
After a very stressful conversation with the Vantiv Rep today, he insults my new partner, who has a slight accent and asks him if he knows anything about the business, he has no idea why funds are being held and is new to the business. I finally interject and ask him what he requires to release the funds. He said he needs, Bank Statements, previous Processing Statements or Business Financials. Ok , 1. The account was open on the 3rd, we expressed this was a brand new Corp with new Partners in the under-writing and to the Payline Rep. 2. We can not just ask the previous owner for Processing Financial as we purchased the equipment and not the Business Name or previous Corp and Financials, he just gave us the website and 800 number for marketing as he had no use for it. 3. Again, this is a new business with no financial history and we explained this to the Sales rep with Payline and the Risk Rep with Vantiv, who interrogated us as if we were morons for buying the equipment and keeping the website and phone number. Again the previous business had serviced thousands of customers so there was no need to scrap the data in the CRM. This month alone we have received more than $8,000 in orders from repeat business for the holidays.
Vantiv is offering very little flexibility as we are a New Corp attempting catch momentum of an existing model. Today the rep expressed that Vantiv needs us to have financials to cover potential exposure. After much convincing, one of my partners agreed to fund our Merchant Bank account with $25,000.00 to suffice the financials, currently Vantiv is holding $3000.00 and ceased our processing. Our options were to refund all our customers for all 3 batches (total $7000.00) or wait 6 months for the $3000.00 to be released. Shouldn't all of this nonsense been explained in under-writing process and application? We applied with a new Corp and all new officers, it's absurd that they are calculating risk off of 5 bad reviews out of a total of 65 five star Yelp reviews, not including the 20+ reviews on Wedding Wire.
Tomorrow I am advised to submit the Business Statement with the account funded with $25,000.00 as of today, proof that the Corp was formed in mid Oct, and the account was opened on the 2nd and the new website domain was purchased on the 3rd. I was also given an invoice for the Purchase of the equipment which was finalized on Nov 10th.
The Good - The sign up was easy and the rep told us we'd have no issues.
The Bad - The product is dated and ugly, funding is 2 business days, the support via email is non existent. No responses from the sales rep or the support email.
Just like Clint stated, the Payline Pep pressured us to complete the app get started.
This a very honest situation, I will update this review shortly with the results. I hope this post is not discarded, I will be placing this on every review site possible and reporting Vantiv and Payline Data to Consumer Reports and the BBB. I do not recommend Payline Data to anyone. Horrible service!
The reviews for Payline Data are awesome, very misleading though. Being in a high risk industry and only selling online, finding a merchant service is difficult. Looking at the A+ and 5 star reviews we decided to apply. We applyed in August 2015. There were some unrelated issues with our bank ending in us getting a new account number so we updated our "agent" with the new account numbers and the rest of the paper work that was needed. We had gotten an email in early September saying we were ok and being reviewed by the underwriting support team. This was expected because of our industry and our product so we sat back and two days later we got "Approved" account number and gateway set up.
On the 25 of September we made our first official sale. When we went online, October 12th, to see why the money was not in our account we realized that our bank account numbers were wrong. We called Payline and the informed us that we were missing documents. We got hold of underwriting services to get the paperwork we needed, I am at fault one mistake they mentioned. There were a few documents on the list we didn’t have because we were never told they needed the information, and the other missing items were documents we had already sent. We sent all of the information to the underwriting service and I had mentioned to them on the phone and in email that our account numbers were incorrect and needed to be changed. For three days I called them to tell them our accounts needed to be looked at. On the 19th of October we were approved by underwriting support, we promptly emailed our “agent” and for the first time in over a month he called me. I made him aware of our account numbers being wrong, he said he was going to look at it and get the changed. On the 22nd they were still not fixed so we emailed our agent, he is out until Monday. I called the number given to me talked to someone who directed me to call someone else. I called no answer and left the 3rd voicemail with all of my info. In total we have sent our information almost 10 times and nothing has been done. In fact our account has been suspended.
I am not sure what is going to happen with this whole situation all I know is at this point I am willing to let them keep what we had earned just to save myself the head ache. This company is the nothing like what it says. There is a similar story on here that matches ours and posted a year ago, the response from payline says this will never happen again. It happened, is happening, and unfortinatly will keep happening. If you want to save money do not use Payline Data.
Payline Data Reviews
Payline Data - Complete Rip Off
I convinced my new business partners that we should try Payline Data after reading the great reviews. Very costly mistake. On the first week of transactions, third batch, our funding is placed on hold, $3000. We were approved for 36,000k per month, Virtual and Mobile terminals.
We are contacted by a Vantiv Risk Manager asking for more information regarding our transactions. We submitted the information (2 recent invoices). They are unable to reach the customers so they ask for two more invoices, but only after we contact them. Apparently, they need to validate the purchases. Two more days pass and nothing. We send a message to the Sales Rep at Payline and contact Vantiv, nothing. Finally we get a call back stating that our account was flagged for Risk because of a few Yelp reviews, NO JOKE. They said they would require some additional information.
Me and my new partners recently purchased a photography business/equipment because the last owner lost his wife to cancer and was not able to carry on with the business, in the last month he received a few bad reviews, his loss was not disclosed to the customers. I have worked for him for the past 4 years and he told me that I would be given the opportunity to be a small partner in the new business because of my experience with Event Photography and knowledge of the productive. Prior to the recent bad reviews, the previous company had more that 50 five star reviews. I was stoked about the opportunity. In mid October I met my new Partners, and we started preparing the new Corporation, Bank account was opened Nov 2, we applied to Payline Data on the 5th and were approved on Nov, 9.
We purchased our new web domain on the Nov 3rd and hired a web development team on the 4th. We decided to keep the CRM (customer management system) with the old website, because it worked well, but in the interim we were given a few accounts to complete along with the website in order to maintain repeat business with more than a few thousand customers in the system, He also gave us the 800 number so that we can re-service existing customers. Our new website is scheduled for completion in early Dec. We decided to keep the site until the transition was completed, by then we could send our customers notice of the change and New Business name. The old company had serviced more than 3000 customers, there is no reason to dismiss the many great, happy customers for the the very few unhappy recent customers. The truth is the previous owner really had no strength or focus on the business.
After a very stressful conversation with the Vantiv Rep today, he insults my new partner, who has a slight accent and asks him if he knows anything about the business, he has no idea why funds are being held and is new to the business. I finally interject and ask him what he requires to release the funds. He said he needs, Bank Statements, previous Processing Statements or Business Financials. Ok , 1. The account was open on the 3rd, we expressed this was a brand new Corp with new Partners in the under-writing and to the Payline Rep. 2. We can not just ask the previous owner for Processing Financial as we purchased the equipment and not the Business Name or previous Corp and Financials, he just gave us the website and 800 number for marketing as he had no use for it. 3. Again, this is a new business with no financial history and we explained this to the Sales rep with Payline and the Risk Rep with Vantiv, who interrogated us as if we were morons for buying the equipment and keeping the website and phone number. Again the previous business had serviced thousands of customers so there was no need to scrap the data in the CRM. This month alone we have received more than $8,000 in orders from repeat business for the holidays.
Vantiv is offering very little flexibility as we are a New Corp attempting catch momentum of an existing model. Today the rep expressed that Vantiv needs us to have financials to cover potential exposure. After much convincing, one of my partners agreed to fund our Merchant Bank account with $25,000.00 to suffice the financials, currently Vantiv is holding $3000.00 and ceased our processing. Our options were to refund all our customers for all 3 batches (total $7000.00) or wait 6 months for the $3000.00 to be released. Shouldn't all of this nonsense been explained in under-writing process and application? We applied with a new Corp and all new officers, it's absurd that they are calculating risk off of 5 bad reviews out of a total of 65 five star Yelp reviews, not including the 20+ reviews on Wedding Wire.
Tomorrow I am advised to submit the Business Statement with the account funded with $25,000.00 as of today, proof that the Corp was formed in mid Oct, and the account was opened on the 2nd and the new website domain was purchased on the 3rd. I was also given an invoice for the Purchase of the equipment which was finalized on Nov 10th.
The Good - The sign up was easy and the rep told us we'd have no issues.
The Bad - The product is dated and ugly, funding is 2 business days, the support via email is non existent. No responses from the sales rep or the support email.
Just like Clint stated, the Payline Pep pressured us to complete the app get started.
This a very honest situation, I will update this review shortly with the results. I hope this post is not discarded, I will be placing this on every review site possible and reporting Vantiv and Payline Data to Consumer Reports and the BBB. I do not recommend Payline Data to anyone. Horrible service!
The reviews for Payline Data are awesome, very misleading though. Being in a high risk industry and only selling online, finding a merchant service is difficult. Looking at the A+ and 5 star reviews we decided to apply. We applyed in August 2015. There were some unrelated issues with our bank ending in us getting a new account number so we updated our "agent" with the new account numbers and the rest of the paper work that was needed. We had gotten an email in early September saying we were ok and being reviewed by the underwriting support team. This was expected because of our industry and our product so we sat back and two days later we got "Approved" account number and gateway set up.
On the 25 of September we made our first official sale. When we went online, October 12th, to see why the money was not in our account we realized that our bank account numbers were wrong. We called Payline and the informed us that we were missing documents. We got hold of underwriting services to get the paperwork we needed, I am at fault one mistake they mentioned. There were a few documents on the list we didn’t have because we were never told they needed the information, and the other missing items were documents we had already sent. We sent all of the information to the underwriting service and I had mentioned to them on the phone and in email that our account numbers were incorrect and needed to be changed. For three days I called them to tell them our accounts needed to be looked at. On the 19th of October we were approved by underwriting support, we promptly emailed our “agent” and for the first time in over a month he called me. I made him aware of our account numbers being wrong, he said he was going to look at it and get the changed. On the 22nd they were still not fixed so we emailed our agent, he is out until Monday. I called the number given to me talked to someone who directed me to call someone else. I called no answer and left the 3rd voicemail with all of my info. In total we have sent our information almost 10 times and nothing has been done. In fact our account has been suspended.
I am not sure what is going to happen with this whole situation all I know is at this point I am willing to let them keep what we had earned just to save myself the head ache. This company is the nothing like what it says. There is a similar story on here that matches ours and posted a year ago, the response from payline says this will never happen again. It happened, is happening, and unfortinatly will keep happening. If you want to save money do not use Payline Data.