I setup a merchant account to process credit cards for my business with National Merchant Center (NMC) in March 2010. I processed for one month, then they held onto $30, 000 and never released it to my account. I filed a civil lawsuit against them for the theft of the money, and they responded in August 2010 that they had declared bankruptcy in November 2009. I paid $5, 000 for the law firm to represent me in this case.
The owners Alexy Pitt and Roman Balanko are Russian immigrants defrauding small business owners in the US. We will fight them until we get the money they stole from us. Don't let them scam you and steal your money.