Good news, i got reject email with the new application signed, so in past couple days i have sent multi email to paymate to request refund these transcation to my buyers, so i can settle other way buyer pay me. This is the email i got from paymate:
Dear Merchant,
We apologize, the e-mail that was sent to you was sent by accident. At this point your account is awaiting for approval from our new payment processor. We have switched payment processors so you could get your funds in a shorter period of time.
As in regards to the refunds, 25810982395 has been reversed (as the transaction never went through). As in regards to the other three transactions 25810765338 , 25810664607 , 24710102502 - we'll be debiting your account for those to issue refunds. The funds that came in for those will be kept as a reserve for up to 6 months due to your activities with Paymate.
Thank you,
Paymate CS
Last sentence is really comfusing me and dont want to believe what it said."we'll be debiting your account for those to issue refunds. The funds that came in for those will be kept as a reserve for up to 6 months due to your activities with Paymate."
basiclly it mean they will debit my account which is believe my bank? because my account is always 0 since the status for these transaction from last money was paid but never deposit my bank, so i believe they take the money out of my bank to issue refund back to buyers? If it is then this is unsane, i never have the money, and now they take money out of my bank issue refunds?
And the last part is "The funds that came in for those will be kept as a reserve for up to 6 months due to your activities with Paymate." So they will keep the funds of these transactions in my account as reverse for up to 6 months due to my activities with paymate? what kind of bull *** answer is that, they did not use that funds (original creditcard from buyers to issue refund) but they keep them because i was activities with paymate instead of they they use my bank to issue refund ? If this is what i understanding right, the funds will hold for 6 months and cant be issue back to buyers instead using my bank to issue refunds ? :( Now i lost the money from buyers and even douple that amounts because of refund. correct me if if my understanding was wrong.
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