• Exposing Bank Practices: Merchants vs. JPMorgan Chase Bank's Reserve Ratio Tactics | PEP038

  • Jan 22 2025
  • Length: 29 mins
  • Podcast

Exposing Bank Practices: Merchants vs. JPMorgan Chase Bank's Reserve Ratio Tactics | PEP038

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  • Summary

  • E-commerce merchants are grappling with the financial repercussions of major banks like Chase withholding funds under dubious circumstances. This episode highlights the frustrations faced by merchants, the lack of clarity in banking transactions, and the urgent need for transparency and advocacy in navigating these challenges.

    • Discussion of issues with funds being withheld by Chase
    • Examination of labeling deposits as fraud without specifics
    • Overview of the emotional toll on merchants facing uncertainty
    • Importance of transparency and communication in banking relationships
    • Call to action for merchants to advocate for themselves

    A payments podcast of Global Legal Law Firm
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