It has happened yet again!
Another large credit card processor, PNC Merchant Services Company, has been accused of over billing. The lawsuit alleges that PNC provides teaser rates with low fees when in fact the customer pays a lot more. Unfortunately this is not an uncommon practice with in the industry.
PNC is actually a partnership between PNC bank and First Data Merchant Service Corporation.
PNC has over 100,000 merchants and the lawsuit claims they systematically overbill.
To avoid the pitfalls of signing up with a merchant service provider who treats you like a number and will just ending up costing your business more than you bargained for, you should contact a honest credit card processor.
