. A reputable educational entity is being denied processing service to accept payments as they have been put in the terminated merchant list. No explanation and the entity does not gave any know issues. What is thier recourse #payments @dgwbirch @__JasonMarshall @BrianRoemmele
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Sam, thank you. This is a terrible situation. I know a few ways to deal with it. It is based on a few elements of how they got there. There are also attorneys that I know that have had great success with even the hardest cases. Let me know.
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Thanks Brian. Can you shed some light on how this works, if this was a small mom and pop store or an online shop they would go bankrupt
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Replying to @sshawki @BrianRoemmele and
The acquirer is
@stripe & they are not cooperating. The entity bring blacklisted is affiliated with one of the top biz schools in tbe country. The only use of the account is for experts like yourself paying to attend thier global events where even heads of state participant.2 replies 0 retweets 1 like -
Sam, I hear ya. We can go to DM on this issue if you like. I suspect it may be a typical way these new payment entities respond to an ex post facto understanding technique that hyper reacts to a mis understanding of a true underpinnings of a business.
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Replying to @BrianRoemmele @dgwbirch and
New info. Principals in the entity invested (just put money in a seed round no more) in a startup that went bankrupt. They themselves have no issues Seems like a grave error otherwise all VC firms and angels would be on this list :)
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Sam, I hear ya. If the principles are not in a undischarged bankruptcy, there should be no issues. Unless they are in the vector of new Beneficial Ownership rules. But this would mean the forms were not correctly viewed by the merchant processor.
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Replying to @BrianRoemmele @dgwbirch and
Many thanks Brian on the great advice you shared on DM. Cheers
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Sam, thank you sir. It was an honor and a privilege.
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