Ach processors! I need help! :(

Date: Thu, 02/25/2010 - 16:59

Submitted by Amy1266820284
on Thu, 02/25/2010 - 16:59

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Total Replies: 2

I am hitting a wall with the ACH processors. I have 3 payday companies that are refusing to settle: Cash Supply, Instant Cash USA and The VIP Loan shop. I contacted ACH Commerce and determined that they service Cash Supply, but they said that they could not help me! I have sent letters to revoke ACH Authorization and Instant Cash USA still debited my account (it's closed, but it still went through for some reason). Does anyone know who is the ACH processor for Instant Cash USA and The VIP Loan Shop? HELP!!

You can only stop them one way and that is to close your account

You can only stop them one way and that is to close your account. Click the link below, perhaps you can read thru it and find the processors you are seeking.
http://www.debtconsolidationcare.com/forums/showthread.php?t=32939
Meanwhile, I am moving this to the payday loan section so more people will see it.

lrhall41

Submitted by Shazzers on Thu, 02/25/2010 - 20:54

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ACH transactions clear through the Federal Reserve System. I ma

ACH transactions clear through the Federal Reserve System. I may be wrong, but an ACH "processor" would need to have a Routing Transit Number (RTN) in order to run ACH's for its customers -- and RTN numbers are usually only assigned to banks.

I know that my company processes ACH's through our bank. And so if one of my customer's has a dispute, their bank will contact my bank, and then my bank will contact me....

But generally speaking, that's how it works.... if you dispute charges or transactions, then you deal with your bank and let your bank deal with the processors.

lrhall41

Submitted by DebtCruncher on Fri, 02/26/2010 - 05:23

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