Pelfrey Informational Thread - One Post Condensed Version

Agreed

 

Let me just clarify and add why this is way more relevant, I am talking about the three sides to a transaction part, Amex being the exception. What I went heavily into in that post was more for you all to understand that the banks that granted Pelfrey merchant accounts, are bound to pay you because of the MasterCard, Visa, Discover, Amex or ACH 'network' rules. This was merely to explain the 'merchant side' aka 'acquiring bank' side as the first party of the 3 party involvement to any card transaction. The ending of that last post, and subject matter of my other posts in the beginning of this thread and the CH 7 thread clarified YOUR rights as being on the 'customer side' or 'card issuing bank' side of the transaction as the second party to a transaction. The third party is the actual entity or 'network' used for the transaction, being Visa, or MasterCard, etc... When you get a debit card or credit card with Visa or MasterCard or Amex or Discover, you have an agreement with them, and the issuing bank. And your bank as the "Issuer of your card" is bound by the 'network card issuing rules' that you are not monetarily responsible for any wrongdoing by a merchant (fraud, someone stealing your card, merchants going bankrupt, etc). There is nothing that can break that, whether or not you are named as a creditor is irrelevant and quite frankly, a clever way to try and trick you. And the 'Acquiring bank' aka 'merchant account provider' to Pelfrey is also bound to the 'networks acquiring rules' and is liable for any wrongdoing that happens under its umbrella, and that word is actually used in the rules.

Stop trying to figure out how to get into the BK filing because it is as if you are trying to fight in the wrong arena for money, and there is plenty of money in another arena that is already contractually obligated to reimburse you, and its waiting to fly into your wallet because of the little plastic card with the Visa or MasterCard or Amex logo on it.

PM with questions if you want to and I will try to answer all as time allows..

 

Can only speak for myself here: well put, good news, much appreciated and completely understood

 

I have been at work all day and am checking this thread at lunch while I ran home.

I will say that I did get a notice in the mail from their attorney about the filing, so if you were named in the filing, check your mail and read the entire document.

On the outside it will say

OFFICIAL BUSINESS
UNITED STATES BANKRUPTCY COURT

I work until about 8pm CST tonight so I won't be able to update much of the 1st post with new information until later tonight...

But I will.

This two page document contains a lot of information so read it completely.

 

Yup.

 

Question for the TW mods: Honest curiosity begs to know, why is the company still listed in the official vendor list? Wouldn't the recent issues warrant status revocation? FYI: no irons in the fire here just distant curiosity.

 

Been stated many times. @tcBob is the only one that can change that.

It really doesn’t matter, anyway, because all of their existing threads are locked, their company website is not allowing sales, etc.

The badge means very little.

 

I think i followed most of what you put, but this last part has me confused. If i filled out an ACH Authorization form, which included my account and routing #'s, then provided said form to them. Are they the ones that initiated the transaction?

Can you talk to WF for me? lol. You seem to know far more about this than i can hope to absorb.

 

thanks

 

So if you wired them money Or you logged into paypal and chose friends and family versus goods and services with a fee, then you have to take legal action in order to get your money back.

Its basically like handing them cash in hand. Only way you are getting that cash back is if you take legal action.

 

I did not SEND them money from what i understand, i simply AUTHORIZED them to TAKE it.

I think. I used ACH, not Paypal.

 

If you used ACH - Contact your bank and file the dispute immediately. Refer back to @indy500driver stance on ACH transactions.

 

Here is the letter that I received, but with contact information redacted along with address, if you are listed as a creditor, you will receive one as well... but thought everyone should at least see what this is.

 

Or I’m wondering if they’re trying to maintain the business and prevent their IP from being sold off to creditors.

 

I filed with Wells Fargo on the 5th. I called them yesterday and they told me "there's nothing we can do, you signed the ACH Auth form"

 

I too made my payment via ACH (Never-ever-AGAIN... for anything) I too am up a creek! If one of the following DOES NOT fit you and you paid via ACH... you too are up a creek, if one of the following does fit you... you'll need to show proof as things move forward in your case, added note if you say yes to any of the following and do not have proof or create false proof you're perjuring yourself (won't even get into that, I personally thought about creating docs but don't want to be up another unneeded creek so I didn't).

1. No authorization was provided, either in writing, electronically (on-line), or by telephone

2. An authorization was provided, but the amount that was debited was greater than the amount authorized

3. An authorization was provided, but the date on which the amount was debited was earlier than the date authorized

4. An authorization was provided, but the authorization was revoked after it was provided and before the debit was posted.

 

The way my bank worded it to me is that when you don’t receive your product, it’s an unauthorized transaction. Your mileage may vary.

 

***FYI: other thread was locked so for those coming in, let’s all try to keep this thread clean, tidy and focused.

No BS comments, opinions on the situation or memes.

Cheers

 

This is how Wells Fargo explained it to me also. Although I haven't seen any money yet.....