Before people make any assumptions, this is to inform, We are not a Payment Processing Company. We are Sales Partners of multiple national and international payment processing companies and acquiring banks.
Our job is to assist merchants in finding payment solutions and set businesses up to accept all major credit cards and alternative payments. iPayTotal consists of experienced industry veterans with comprehensive experience both on the market (merchant) and supply (Payment Service Provider, acquirer, scheme) sides with a focus on sales and business development, operations, risk, compliance, valuation, and due diligence.
So today’s story is about a company called ENHANCED NUTRITION.
Scott Cavell, CEO of Sacramento-based nutritional supplements distributor Enhanced Athlete Inc., pleaded guilty Tuesday to a felony that could carry three years in prison or a $10,000 fine.
This company acquired a processing solution through Ipaytotal.
After a few weeks of processing, apart from few customers asking for refunds, we didn’t have much of a compliance issue, to be honest. But one day, expect the unexpected and something terrible popped in our email. The email we fear the most, the email from the acquirer.
BOOM!!!! THIS IS SERIOUS…..
The acquirer froze all our funds because of one single merchant
“ ENHANCED ATHLETE”
When our risk team along with the acquirer investigated the whole matter, all hell broke loose….
The internet was filled with reviews, court proceedings and what not.
Few links below for our readers to judge for themselves.
IMMEDIATE TERMINATION AND CLOSURE OF ACCOUNT
We sent the termination notice with immediate effect.
TRAIL OF EMAILS AND SO-CALLED LEGAL NOTICE WAS SENT OUT TO IPAYTOTAL