Chase South Pacific Ave and 10th
1001 S Pacific Ave, San Pedro, CA 90731
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Chase Branch Customer Reviews
Reviewed By Rupal Dec 12, 2012
Chase Paymentech Termination Notice- Goldini Jewelers
9:33 AM (10 hours ago)
December 12, 2012
Los Angeles, CA
Dear [Redacted] Jethva,
Pursuant to the terms of your Merchant Agreement with Paymentech, LLC, or its predecessor in interest (Chase Paymentech), this letter shall serve as formal notice of Chase Paymentech's intent to terminate the Merchant Agreement and close your merchant account, effective immediately, for the following reason(s):
Effective immediately, we will no longer acquire or process your payment card transactions (including MasterCard transactions). Accordingly, you must remove all displays, decals and other materials indicating acceptance of payment cards to your customers.
Pursuant to the terms of your Merchant Agreement, you are responsible for all trailing activity related to your merchant account, including, but not limited to, fees for processing services rendered and Chargebacks. All trailing activity will be handled by ChasePaymentech in the normal course; therefore, your Settlement Account must remain open until all amounts due have been paid in full.
A termination Reserve Account in the amount of $24,658.00 has been established. We may, but are not required to, apply funds in the Reserve Account toward, and set off any funds that would otherwise be payable to you against, the satisfaction of any amounts which are or may become due from you.Thank you for your feedback Is this review helpful?