I never thought of posting this until I saw other complaints, but in brief, I slowly (over several years) built up an Internet business until I was doing $1M a month. First Data calls and says that they will "transition me out of the portfolio", which is a euphamism for closing my account. This would, of course, have shut us down. Keep in mind we had chargebacks well under 1%, toll free customer service, and generally happy customers. Then First Data proposed a solution: if I let them hold back $300, 000.00 of my money (yes, 300K... read full review »