On February 3rd, 2012, I paid a bill with one of my vendors. My vendor processed my payment with their PayPal merchant account online. The vendor entered my billing address for my Green Dot MasterCard incorrectly. My vendor's online PayPal merchant account denied the transactions entered with the incorrect billing address. Finally when my vendor entered the correct billing address for my Green Dot MasterCard the transaction was approved with a confirmation number to prove it. After that fiasco, something told me to check my Green Dot MasterCard balance online. when I looked, I discovered that my Green Dot MasterCard account had a total of 4 $324 pending transactions, debited from my account.
I immediately contacted my vendor and Greendot MasterCard to make them both aware of my missing funds.This is where the fun begins. Green Dot MasterCard tells me to have my merchant fax them over a statement of release form (SOR) on my merchant's company letterhead. Not only did they want me to do that for them, they also told me to have my merchant include, my "footprint ticket number", my MasterCard number, my phone number, the dolor amount(s), and a signature. Wow.. really. Well today, is February 10th, 2012, 1 week later and the 1 bill I paid to my vendor of $324 has cleared my Green Dot MasterCard account days ago, and so has every legitimate charge on my account up to this point. However I still have 3 transactions of $324 pending on my Green Dot MasterCard account from Feb 3rd, 2012.
Well, earlier today I called Green Dot MasterCard again and they informed me that my merchant faxed over the requested statement of release (SOR), however it was missing the required information required by Green Dot MasterCard. Green Dot MasterCard promised me that once they receive the statement of release they would release my money in 2 business days. Well, look at the calender folks. After all this drama, I come to find out that my money should be released back into my account on February 14th, 2012. Question is why does Green Dot MasterCard think that it is okay to hold my hard earned money hostage. All I have to say is that I pray that my money appears on my Green Dot MasterCard at 12:01 am Arizona time Tuesday, February 14th, 2012 or I am contacting the president of the united states to have them shut down.
