I feel scammed!
I work in the building trade, was asked by the client could I be paid via credit card. Selection and set up was very easy... Took the payment of £6,750 which went through fine.
Now, my money is being held whilst I go through their money laundering protocols... I.D, link bank account to them so they can scrutinise my business and the invoice from where the funds originated! None of the above is a problem but I could of done all of that at the start up phase - reason I never is because that aspect is not written or mentioned.
It makes me feel like they're trying to hold onto my money abit longer in their high interest account whilst their admin team sift through my account, looking for any conceivable excuse to no let me have my funds!
Transparency is key and this feels like a scam.
Update, can't upload any of the above info for some strange reason 🤔
Thank you for your reply... It doesn't actually cover the main crux of my argument though! Everyone will understand the aml protocol... my issue is the lack of transparency, especially as I called to verify the process and your operative said it'll be 2 business days for funds to be cleared... Surely, that would be a great time to inform me of the impending paperchase? Now your telling me the review takes 2 days... Looking more and more like an interest grab...
Update on the update... Just had the email through to say the verification process is complete and I have access to my funds... WRONG... They've only gone and added a daily transfer limit which'll take me a week to move the balance! Like I said, this is just an interest grab and they're gonna keep your funds for as long poss. BEWARE PPL
Reply from Square UK
