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Tell us about your experience with Allied Wallet in the comment section below.
(888) 255-1137Note: After the 2019 FTC judgment against Allied Wallet and the 2020 arrest of their CEO, there are claims that they are out of business. However, they maintain their web presence, meaning there may still be some form of the company in operation. Because of this, we will maintain this review for now.
Company Overview
Headquartered in London, Allied Wallet is a rapidly growing merchant account provider that specializes in e-commerce payment processing for small to medium-sized businesses. The company, which was founded in 2002, appears to utilize First Data (Fiserv) as its processing network but may also be partnered with other international companies and banks. Allied Wallets’ services include payment gateways, POS systems, e-wallets, ACH processing, e-commerce solutions, and PCI compliance.
Allied Wallet Overseas Operations
Allied Wallet claims to service 88 million users worldwide and claimed to process $55 billion in 2013, but the company has received very little coverage in the U.S. and is not showing very many reviews online. This is likely due to the fact that Allied Wallet appears to operate most heavily in Asia (specifically Russia and China) and the UK. In fact, Allied Wallet was the first company to win the international rights to transact the Chinese renminbi online, which has helped it to secure a large foothold in the growing Chinese e-commerce market.
Allied Wallet’s Point-of-Sale Solutions
Designed with user-friendliness in mind, Allied Wallet offers robust Point-of-Sale (POS) solutions. These systems support an array of payment options, enabling businesses to provide their customers with flexible and convenient payment choices. The POS systems are equipped with additional features like sales tracking and inventory management, streamlining business operations.
Mobile Payment Services by Allied Wallet
Understanding the evolving needs of the market, Allied Wallet offers a mobile payment solution. This allows businesses to accept payments on the go, ideal for mobile or field-based businesses. Utilizing a card reader and a mobile app, businesses can process payments easily and securely anywhere, anytime.
Allied Wallet’s eCommerce Payment Gateway
Allied Wallet offers a secure eCommerce payment gateway for businesses with an online presence. This feature allows the seamless integration of the payment platform into an existing website. The gateway can process a wide variety of payment methods, enhancing the online shopping experience for customers while ensuring transaction security.
Location & Ownership
Allied Wallet does not list its backing banks. Andy Khawaja is the CEO of Allied Wallet. Allied Wallet lists Bockenheimer Landstraße 2-4 60306 Frankfurt, Germany as its “German Support Office” address, while the BBB lists an American address at 7525 E Camelback Rd Ste 208 Scottsdale, AZ 85251-3550.
Allied Wallet Pros and Cons
pros
- None
cons
- Convicted of illegal activity
- Likely out of business
Table of Contents
- Costs & Contract: Lists its base rates, but its contract terms will vary depending on…
- Complaints & Service: Complaints number more than 35 on…
- BBB Rating: Has no rating with the Better Business Bureau and has received 0 complaints in…
- Sales & Marketing: Has a history of utilizing misleading sales tactics, but it appears to…
Allied Wallet Customer Complaints & Reviews
Here's What Users Think
Complaint Summary
|
Total Online Complaints
35+
|
Live Customer Support
Yes
|
Most Common Complaint
Fund-holds
|
|
Recent Lawsuits
Yes
|
Rising Complaint Total
We are currently able to locate over 35 negative Allied Wallet reviews, some of which accuse the company of being a scam or a ripoff. The most common issue cited among Allied Wallet complaints is fund-withholding by Allied Wallet, and this often appears to be related to high-risk merchant accounts provided by the company. In a few cases, a company representative responded to complainants and explained why their funds were withheld. There is no indication at this time that Allied Wallet abused its fraud prevention policies in these instances, but high-risk businesses are advised to think twice before processing through Allied Wallet. Businesses who have had their funds held also report difficulty resolving the situation quickly through customer support. If you have your own Allied Wallet review to make, please do so in the comments below.
Complaints About Resellers
Another issue cited by complainants is the fact that they found themselves in an agreement with Allied Wallet without knowing that they had signed up for service through the company. Allied Wallet appears to use a number of subsidiaries and strategic partners to sell its services across the globe, and these smaller entities are likely under no obligation to transparently advertise that they are affiliated with Allied Wallet. Because of this, clients may have some trouble determining which entity they should contact for customer service.
Allied Wallet Lawsuits and Fines
Allied Wallet reached a civil settlement with the FBI in 2010 for a sum of $13.3 million, which the FBI had seized in an online gambling raid. According to the FBI, Allied Wallet knowingly partnered with a Scottsdale, Arizona-based bank to process offshore wire transfers and other payments related to gambling through an Isle of Man company called Pokerstars. Allied Wallet forfeited the total amount seized by the FBI.
Additionally, a lawsuit was filed against the company on May 20 2019 by the Federal Trade Commission. The suit alleges that Allied Wallet and its officers have knowingly processed payments for businesses engaged in fraudulent business practices and that the company has falsified information on merchant applications. The suit goes so far as to allege that Allied Wallet’s agents would instruct clients on setting up shell companies and best practices to hide their risky activities. Allied Wallet settled in 2019 with the following terms (via FTC.gov):
“The stipulated final orders regarding Khawaja, his four corporations that do business as Allied Wallet, and Allied Wallet’s former VP of Operations, Amy Rountree, prohibit them from processing payments for certain types of merchants, including sellers and marketers of money making opportunities and debt collection services. The orders impose stringent screening and monitoring requirements on payment processing for certain other categories of merchants to ensure proper screening and vetting by Allied Wallet, Khawaja, and Rountree.
The order against Khawaja and his companies, AlliedWallet, Inc., Allied Wallet, Ltd., GTBill, LLC, and GTBill Ltd., imposes a $110 million equitable monetary judgment. After Khawaja turns over a residence in Los Angeles, California, the remainder of the judgment will be suspended due to inability to pay.
The order against Rountree [Amy Rountree, an Allied officer] imposes a $320,429.82 equitable monetary judgment that is suspended due to inability to pay.
The stipulated final order against Diab, who was Allied Wallet’s Chief Operating Officer, permanently bans him from payment processing and requires him to pay $1 million to the FTC in equitable monetary relief.”
2020 also saw Allied Wallet’s lawyer plead guilty to fraud and campaign finance charges in connection with Allied Wallet. The lawyer was sentenced to a short prison sentence for funneling more than $6 million in campaign contributions from Allied Wallet CEO Khawaja as well as for being part of a scheme to scam Fifth Third Bank into processing more than $5.4 million in fraudulent card payments for Allied.
In connection with the above legal actions, Khawaja allegedly fled the US to Lithuania, where he was arrested amid a flurry of apparent multimillion-dollar transactions and carrying a large amount of money on his person. Khawaja was held until extradition could be completed. It is unclear what Khawaja’s status is at this time, which is probably at least in part to do with the worldwide pandemic of 2020 and beyond and partly to do with the high-profile nature of the case, which has become something of a posterchild for the crackdown on processors.
Allied Wallet Customer Support Options
Allied Wallet offers 24/7 phone and email support, which far exceeds the standard set by other e-commerce providers.
Allied Wallet Customer Service Numbers
- (888) 255-1137 – Toll-Free Customer Support
- +44 (0)203 655 2121 – UK Support
Other Support Options
- Customer support form
Allied Wallet Reviews Online
Our Better Business Bureau Profile Assessment
BBB Summary
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BBB Reports
0
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Note: We have adjusted this company’s BBB rating according to our own standards. To better understand why we adjust BBB ratings, please see our Rating Criteria.
Accreditation Revoked
Allied Wallet was an accredited business of the Better Business Bureau since 2014, but the BBB has revoked their accreditation with the following note:
“On 12/16/2020 this business’s accreditation in the BBB was revoked by the BBB’s Board of Directors due to failure by the business to adhere to the BBB requirement that Accredited Businesses meet and abide by the following standards:
1. Establish and maintain a positive track record in the marketplace.
1C. Be free from government action that demonstrates a significant failure to support BBB ethical principles in marketplace transactions (this requires a determination by BBB as to the nature of any violation, whether it was caused or condoned by management, and actions taken to resolve underlying issues that led to the government action).
6B. Make a good faith effort to resolve disputes, which includes mediation if requested by BBB. Other dispute resolution options, including arbitration, may be recommended by BBB when other efforts to resolve a dispute have failed. BBB may consider a business’ willingness to participate in recommended dispute resolution options in determining compliance with these standards.”
The company currently shows no rating based on 0 complaints filed in the last 36 months.
What Merchants Say
There are no current reviews on the Allied Wallet profile; however, previously a complaint detailed an extended fund-hold following cancellation:
I closed my merchant account with Allied Wallet in 08/21/2017 with an ending credit balance of $426.81. I was informed by funds would be held for 180 days since my last transaction on 6/13/2017 and then I would receive whatever credit I had on my account. I have contacted Allied Wallet’s finance department by email multiple times with no response. I spoke with the COO Moe Diab on 01/04/2018 via email about receiving my final payout and I was CC’d in an email to the finance department asking to process a payout for me. The finance department has not reached out to me nor has Moe Diab when I sent a follow up email on 01/11/2018.
Clients who find themselves in this position should consider taking steps to make their processor release their money.
An “F” Performance
Based on the company’s staggering legal issues, we have adjusted the BBB‘s score to an “F.”
Allied Wallet Fees and Rates
A Closer Look at the Contract
Cost Summary
|
Cancellation Penalties
Unclear
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Monthly & Annual Fees
Unclear
|
Processing Rates
Variable
|
|
Equipment Leasing
Undisclosed
|
Fixed-Rate Pricing
Allied Wallet advertises rates as low as 1.0% plus $0.10 with the caveat that the fixed percentage and transaction fee will vary. It also mentions on a separate blog post that its fees include a monthly maintenance fee, transaction fee, refund fee, retrieval fee, chargeback fee, wire fee, and a rolling reserve. There is very little verifiable information about the actual figures in the standard Allied Wallet merchant account contract, but it is likely that the company offers a range of contract lengths and pricing options. Allied Wallet handles electronic transactions in multiple countries and for many different business types, so costs may vary depending on a business’ size, business type, country of operation, and time in business.
Allied Wallet Prohibited Business Types
There is a lot of evidence at this time that Allied Wallet provides high-risk merchant accounts and offshore merchant accounts, which may explain why most of the available complaints about the company cite fund-holding or account freezes. The company claims that it cannot serve the following industries:
- MLM (without a tangible product)
- Adult and Pornographic Content
- Animals
- Alcohol
- Body Parts
- Child Pornography
- Cyberlocker Services
- Drugs
- eWallets
- File-Sharing Services
- Money Transfer Businesses
- Money Transmission
- Online gaming or Gambling in the USA (USA Cards must be blocked 7995 MCC)
- Pharmacy: Controlled Substances
- Prostitution
- Tech Support
- Telemarketing
- Tobacco (when sent outside of your country and/or state)
- Weapons
Rates and Fees May Vary
Overall, it is unclear at this time what kinds of contract conditions Allied Wallet offers to the average client. If you have any specific knowledge of the company’s standard contract (including early termination fees, PCI Compliance fees, monthly minimums, etc.), please share that information in the comment section of this Allied Wallet review.
Approved businesses that Allied Wallet serves.
Allied Wallet Jobs and Employment
Hiring Standards and Ethical Marketing Assessment
Key Points
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Uses Independent Resellers
Yes
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Telemarketing
Likely
|
Misleading Marketing
No
|
|
Discloses All Important Terms
No
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Previous Sales Concerns
At the time of an earlier update, Allied Wallet was engaging in two sales strategies that we considered very deceptive. The first issue we found was a large number of online articles and blogs seemingly built for the sole purpose of showing up in search results for “Allied Wallet” plus the words “scam” or “ripoff.” The problem was that most of these blogs didn’t actually make a legitimate effort to determine whether the company is a scam or a ripoff, which indicated to us that someone was attempting to absorb traffic for those searches and possibly suppress actual Allied Wallet complaints.
Fake Colorado DMV Website
The second issue we found was that Allied Wallet appeared to be operating a website designed to look like that of the Colorado DMV. The website, which had a “.org” domain, contained language specifying that it was privately owned and was not affiliated with the DMV, but this text was not featured prominently, especially when compared to the large, linked text encouraging visitors to renew or replace their driver’s licenses through the website. The site charged visitors $14.95 to renew or replace their licenses and was not shy about collecting visitors’ credit card numbers. At the very least, it appeared to be at the very least an attempt to dupe unsuspecting visitors into paying Allied Wallet unnecessarily for a service that is actually provided by the government. Obviously, this does not compare favorably to our list of best credit card processors.
Incomplete Rate Quotes
The Allied Merchant website currently lists the pricing for its “Turnkey” solution as “1.0% + 10¢” per transaction. This rate does not appear to be a flat rate for the entire transaction, but rather Allied Wallet’s service fee added on top of each transaction. Farther down the page, the company states that it charges a “fixed percentage and fee for each transaction you take,” but then notes that the “Fixed Percentage and Transaction Fee will vary.” If Allied Wallet truly did offer e-commerce credit card processing for only 1.0% plus $0.10 per transaction, it would be by far the cheapest option available on the market. However, it appears that a number of other undisclosed Allied Wallet rates and fees will apply.
Marketing Improvements
Since that update, Allied Wallet appears to have abandoned both strategies. The articles for “Allied Wallet scam” and “Allied Wallet ripoff” have dropped out of search results for the most part, and the fake Colorado DMV website is no longer active. We have not found any Allied Wallet reviews that describe its marketing approach as deceptive. We have accordingly raised the company’s grade in this section, but it will remain at a “B” until the company sustains a longer period without us finding similar problems. If you suspect that Allied Wallet has misrepresented its pricing to you, we recommend seeking a third-party statement audit to eliminate hidden Allied Wallet fees.
Allied Wallet Review Summary
Our Final Thoughts and Opinions
Considering the spectacular level of illegal activity that Allied Wallets has been convicted of in the credit card processing space, we have downgraded them from a decent international option to one of the worst processors in the industry, if they are even still in business in any capacity. It is likely that more negative news will come out in the next few years about Allied Wallets, what with the arrest of its CEO. It is abundantly clear that the business is not to be trusted in any regard. In nearly all cases, businesses will be better served by working with a top-rated merchant account provider.
If you found this article helpful, please share it!
Mohamad Kawabata
Very good company and best rate and every time I call they have good customer service
Marcos
With this company since 2011, Had two accounts with them The second account we have been defrauded for about 6000. The first account they canceled recently after years with the company. After they created a UK corporation for us to comply with regulations, Now they claim UK no longer accepts shelf companies. We put up with allot of incidents throughout the years, However since we are in a high risk industry we had to put up with it. Now at least I can voice our opinion of this fraudulent company. Avoid at all costs!!!
From The Editor
This Post Might Help: Best Merchant Accounts for High Risk
JenniferLay
Do never EVER trust Allied Wallet !! I registered my card i got from my company and NEVER EVER got an email back with log in data or pincode to get money at the bank. I contact the support twice a week and suddenly my card was suspended WITHOUT any reason. They say I have to wait 2-4 business days but now I am waiting since 100 business days for an email or unsuspending. They stole my money !! Do not ever trust allied wallet baddest company I ever experienced!!
James Martin
Using Allied Wallet as a backup payment option. I’ve had a good experience so far. Can be hard to get a hold of support with high call volumes sometimes, but so far pay outs have been on time and no serious issues.
Mark
We are a customer with Allied Wallet and they have been a complete, incompetent disaster for us. The amount of recklessness by Allied Wallet regarding implementation and rollout has been nothing short of a train wreck. To the point that it has been 5 months since launching and we still can’t take credit cards. Get this, they only allow 300.00 a month per email address and/or card so if you have a company with recurring or multiple visits by customers in a given month, forget about it but that doesn’t even matter since they cannot get their stuff together to integrate properly to our eCommerce site.
The staff are rude and the emails fly like airplanes to various people in the organization with little to nothing to show for it and the Chief Compliance Office, Michael Carrasco in Los Angeles is an absolute jerk, goon and power hungry! He disrespects the client as if he had any control over them. If you value your business, DO NOT use this company for your processing, you’ll regret it immediately.
James
I wish I could get this message to everyone who is considering using Allied Wallet. It is absolutely the worst company I’ve ever dealt with!! I hope I never run into a company so pathetic in my life. We were able to do $30k in credit card payment and recieved a couple small payment after a month of begging to get our money. So obviously I closed the account in March after over 200+ day of the $30,000 I did they are offering to send me a check for $1450.00!!! In total I will have received only around $11k of the $30k I did and they run off with nearly $20k of my money!!! THIS IS CRIMINAL AND IF ANYONE ELSE IS PREPARED I’M FOR FILING A CLASS ACTION SUIT AGAINST THEM!!!
Oleh Hereliuk
Hi james,
We have the same story. We are ready for filing a class action too.
Oleh Hereliuk
Allied Wallet is the worst company to have business with. Allied Wallet has a poor performance and poor service. Once you process with this company you will never get your money back. FRAUD and SCAM company. Stay away
Vic
Hii All,
I have the same story . Allied wallet did the same thing with me and took my $20,000. I am almost broke and closing my business because of allied wallet . my business was very new and allied wallet destroyed it. Pleaseeeeeee do not sign up with these scammer .
Jay
Do not use that piece of crap company Allied Wallet. They steal your money. They wont pay me the $4000 they owe me after I closed the acct. They also pay a month later on the transactions.
Oleh Hereliuk
Hi Vic,
We are forming of group of companies to file a class action against Allied Wallet Ltd
Kedibone Mohati
Just had a terrible experience with Allied wallet. they told me my application for merchant was approved. later they send me a list of things that needs to be done on my online site, one of the things was registering and EU Corporation and they charged me 350$ for that. When all was done and ready for activation, they then send me another list saying its from compliance, the list included me obtaining a USA number even though I am based in South Africa and also that I was charging items too much I should discount my clothes by 50%.
I started having doubts and well I went ahead did all that, couple of days they then cam back to me saying their supporting bank is declining my application and they cannot support my line of business.
What makes me angry is that why did they waste my time all along knowing that they will never activate my account and also why did they accept payment from me to register the EU if they knew all this they do not support my line of business. Now that they cannot proceed, what on earth am I going to do with the EU Corporation and I do not think they will refund me. Allied wallet is a scam. they scam customers and scam business that wants to use them as payment gateway. I am pissed and irritated.
Please do not ever consider to use, useless set of people
SAM
Thanks for sharing your experiences with Allied Wallet. I was in middle of filling the application and thought probably I should first check the reviews. Your reviews made me realized what blunder could have happened with me if I have used their services.
Thanks for your input. Your feedbacks made our organization saved.
Ahmed
Hi,
I just signed up to AW and I’m very skeptical to start processing any transactions with them due to the many negative reviews online. I understand that a company cannot satisfy 100% of their clients but to withhold their money for that amount of time without any valid reason is just wrong.
I signed up for a virtual terminal and instead was given an ECOM account which I have no use for. I have emailed them numerous times and have not heard anything back from them all day.
If anyone can share a recent experience with AW, I would be happy to hear them.
Concerned Customer
Working with them right now and it has been a nightmare. Customer service is non-existent. Calling them is a waste of time as you can be on hold for an hour with no response and emails are ignored. I would not recommend this processor to my worst enemy.
Suchandan Adhikary
Hi All I am the owner of RTRSUPPORTS LIMITED and our UK Company NO: 10316152
This is a hundred percent Fraud company this company will take your all hard earn money, Trevor is in the sales department who will never reply your message, we have started selling in the month of September 13 2016, in agreement they told us us they will release the funds once it will reach 1000 units and every transaction they will keep 10% as a rolling reserve,but after 72 transaction we have got got total sale of of Approximately__14000 USD till 26 October 2016 when the payout date came they sent us email stating that your account is on hold hold without any reason, recent them email asking about the reason of hold but they never replied as back, I called Moe Diab but he ignored my call every time time I emailed him but he never replied me back also never explained us why the payout and the account is in hold but no explanation, we are in a a in a a website designing business if you are are not getting paid timely how can we run our our business. We have lost our our all investment and clients. I am doing attachments of conversation done with Trevor Lake.
If you need proof you can email me at info@rtrsupportslimited. com
Kumar
Hi Suchandan,
Is there any reason why your account is on hold? I just signed up with AW, after seeing all these comments, i am bit worried about sending my transactions to them.
Did you ever get any chargebacks? Share your further conversation with AW, i am curious to know.
James
I have the exact some problem right now going on with them they have over $20k of mine and refuse to contact me they told me to keep processing the said not to now says to but by not getting paid I can’t pay my help to continue. Does anyone know how to resolve the problem with them?
Biswaran
Your company name suggests you are a tech support company. Processors love to steal from you because you steal from everybody else. A warning to tech support companies. If you operate in fraud you will never see your money.
Kirstie B
Joining Allied Wallet in 2013 was a costly $5000 mistake.
With AlliedWallet you are guaranteed the following:
1) Loss of funds
2) Zero customer support
3) Unprofessional service
4) Become another foolish victim
I have experienced all 4.
My payouts suddenly stopped in August 2015 without any prior notice.
Receiving a response from AlliedWallet “customer support” has been virtually impossible, you have more chance of Leicester City football club winning the premier league.
The very brief and unhelpful reply from “customer support” stated my account was on hold due to low volume. In order for the funds to be released (approx $5000) volume should be increased.
Now, no one in their right minds would trust a tinpot company with more cash $$$?
Here is a little about my account:
I have zero charge backs
I have zero customer complaints
I have been in business 8+ years
My industry is mid-risk
Process approx $750/month via AlliedWallet
Let’s be clear:
I was never never never informed of any account issues
$5000+ is sitting in my account (not including rolling reserve)
My AlliedWallet merchant account is fully functional
My AlliedWallet account panel states “Active”
I’ve been polite in all email correspondence (I might as well improve my odds of a reply)
To this day I’ve received only 1x brief email from “customer support”
Fortunately for me, scam merchants AlliedWallet was never my 1st choice provider, simply a backup solution.
If you are looking to lose money and potentially ruin your livelihood, go ahead sign-up fool !!!!
Kirstie B
Update: Payout issue has been resolved successfully. I no longer feel my review is fair.
The lack of communication left me in limbo but Allied Wallet are not scam merchants.
Harry
Allied wallet is just sitting to take money and not pay they are payment processors, they are thief.
Trevor is the guy in sales, i guess entire company runs on 5-10 employees.
We started processing with AW in AUG2015 we processed around 14000 USD. we got 3-4 chargebacks. they never wired even a single settlement.
they are pathetic no professionalism . I am going to sue them soon.
John
Alliedwallet is rubbish I can’t even log in with the password that was sent to me. I have even clicked forgot password but didn’t get a new one sent. Now the item g ordered gap been cancelled by the seller because they didn’t receive payment.
Artem
Wondering I haven’t read these comments earlier!
Same story with our processing as above.
We have been processing for 2 month. Funds were released properly, however processing was low.
As soon as we pushed the volume up and in a week they should have settled us proper amount of money, we received and email from Moe Diab about the Chargebacks ration going high and we should pay attention on this or they will have to fine us $100 per Retrieval, not Chargeback.
All the retrieval reports requested by AW were properly sent with overloaded volume of information necessary for CBs fight. No one report has been reviewed and in the end of the months Moes notification came.
Just next day we had a notice, that due to Fraud reports they have to terminate our accounts and money will be held for 180+ days due to investigation and possible disputes payouts.
Now they held settlement 36.000 GBP + 8.000 GBP holdback.
Customers support in this Cowboys office is simply missing! Never replied to our mails of requests. Only one person I can consider as a reliable there is Derek Baehr, IT support. Replies immediately to any issue discussed on skype.
Well, my suggestion is not to go for them and if happens, take the issue to the lawyers to try to blame them.
Hussain B
Very Funny!!
A much over disaster experience with Allied Wallet.
After reviewing and agreeing with the terms they have, my funds were holded for initial 90 days as a matter of high risk.
I kept on enquiring about funds release date and then was informed about the first release date i.e. 24th Dec’14 as per 90 days initial holding.
It was not done and was informed that they have found some wrong transactions and the number of chargebacks are more.
I agree it was however, the reason of holding the funds for initial 90 days was given for the same reason due to high risk account.
I didn’t get my payout and due to insecurity, I stopped transacting. It was then informed to me that in order to get a payout I should keep transacting and show a active processing however, my question is, if you are not releasing the funds on time as promised, why we should keep on transacting the amount.
These guys have many reason to hold the money for 180 days and use it.
Very bad experience and this is for the first time. I have signed up with other merchant provider which is far better then Allied Wallet.
Vic
Could you please let us know , now which merchant r u using that is far better , plz . I am going through with same situation.
Thank you
chris c.
After sending several transactions during 2 weeks, our account was around $5,000 usd. They missed the first and the second scheduled payment date, and then they said the account was suspended, and that they were not able to release the payment if we didn’t continue to send transactions.
After a phone call with the COO, he decided to cancel our account and release the payment after 6 months.
“Hello Chris,
Please note that we cannot release funds on any account that is not actively processing, you will need to process the volumes you requested on the application when you opened the account and it needs to be continuous without any interruption in order to receive weekly payouts, we cannot release otherwise.
Best Regards,
Moe Diab – COO
[Customer Service] 888-255-1137 | [Direct Phone] 310-424-5495 Ext 5005 | [Mobile] 818-967-7485| [Fax] 480-304-3434|
Harry
Dear Moe,
What if some one does not fulfill the commitment will you hold the money even after having a huge rolling reserve of 20% and first payment after 45 days.
John
Where is the money your owe our company £19,000 you promised this money would be into our account 2 days ago
Keith Woolley
Hi,
I read your article with interest.
For the past month I have been applying to open a merchant account with the UK arm of Allied Wallet.
Terms were agreed, rates were agree and paperwork signed and returned. I have apparently been dealing with both the UK I have been dealing with a Steve Wilson Managing Director, Allied Wallet Europe and Lewis ClarkUK & European Business Development Manager, Allied Wallet Europe – so both of them should know their jobs?
This isn’t a new application – we have been communicating for a month, and all business information has been supplied to Allied Wallet and their Risk Assessment team.
We agreed a card processing fee of 2.9 percent plus a 30p per transaction fee.
Forms were signed and returned to Allied Wallet.
Even as of yesterday, I was promised that the account would be live by 4pm.
Then today was the “bombshell”. I was asked – “Did you sign the termsheet with the new rate of 7% + £0.30p on?
Well no – I signed the terms sheet with 2.9 percent on plus 30p
This new term sheet had never been sent to me.
I am now presented with a take it or leave it?
Have any other members been held to ransom by Allied Wallet just before their website was to go live?
Robert
Hi,
I am currently applying with them. They told me that it will be up in about 48 hours. Can you tell me more about your experience?
James
Worst business experience of my life. I did $30k of transactions in a month after almost a year I’ve gotten just over $11k they stole nearly $20k from me!!! I had to close account after 2 months they refused to pay me! Pathetic company!!!