What? Closed credit card merchant account, got "assessed" $400

[mikebub]

This is why I do not recommend signing a contract when purchasing merchant services. Few merchants read the terms and many agreements are incredibly one sided with cancellation fees, equipment penalties, etc.

Learn the pitfalls in the credit card processing business, by getting my free book, "You're getting ripped off by your credit card processor" Go to http://www.merchantsafeguard.com