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  • Help with merchant account

    updated 4 months, 2 weeks ago 0 Member · 1 Post
  • Katie

    Member
    July 13, 2022 at 5:58 pm

    So to begin with, we have a home designing business and we decided to take the payment through Square. Our average transaction is about $400 and after 5 Days Square shut down the account without giving an explanation. On top of that square will hold the funds for 90 days. Then we decided to open a business account with TD Bank as well as merchant services. We were processing credit cards through autobooks But I am not sure what happened and TD Bank flagged it for fraud and they shut down my business account as well as my personal account which was four years old. The company is registered in Wyoming but I live in Massachusetts and the business operates entirely online. At the moment we have been taking payments through Venmo but a lot of our customers are going away because they don’t want to use Venmo or they hate the part of signing up for Venmo. If anyone can guide me what am I doing wrong that would be super helpful. I don’t mind paying for the right consultation. – by /hq/elemnopq – –

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