e-onlinedata Review

If you want to be misled and overcharged then go ahead and get E-online Data. Thats all I have to say.

I just was pulled into this company by being referred to Authorize.net from Shopify. We finally received the big dealer purchase we had been dreaming of, which just happened immediately after opening an account. We found out that e-Online Data froze our account and are holding the funds from us - pending underwriting review. They said that they have to make sure we have the money already in our current account to cover the $6,000.00 purchase. Why is it that I need to already have $6,000.00 in my bank in order to have some company deposit my rightly earned $6,000.00 from goods and services that I have already provided?? How can they expect small companies to grow? I wish I would have read all of the reviews out there before getting mixed up with them. It's impossible to get anything figured out. You get transferred to several different "departments" and no one communicates with each other. They are skilled in prolonging holding funds that rightly belong to you. I have read that there are several people either filing or looking into filing lawsuits. I'm sure there are class action lawsuits pending from this company if you happen to be one of the unfortunate businesses who have come across these people. We can't just sit back and take this kind of treatment. We work too hard to be blocked when we finally start to head in the right direction with our small businesses.

e-onlinedata has gone through many changes over the years and it’s now a PowerPay. It seems like the volume of statements we see from e-onlinedata has dropped off over the past year or so. The statements that we do see coming through show pretty aggressive pricing with many businesses paying a non-qualified tier of 3.97%. We used to see e-onlinedata charging significantly more than the actual cost of assessments, but it seems to have cut back on this practice in the last several statements we’ve seen.