Immigrant brothers from Mexico, Bert and Roy Sosa, were attending college when they realized that many of their friends were unable to purchase items online because they had no credit cards or bank accounts. Using their pooled money of $750, they founded Netspend in 1999.
While the Sosa’s originally planned to sell their prepaid cards to students, they quickly realized that they could reach a much larger base by offering them online to anyone without a bank account, credit card, or those who don’t want to deal with those institutions but need another option to purchase items besides cash.
The company offers a prepaid Visa or Mastercard, which requires a small fee to open the account and charges a fee each time it is used. Netspend recently partnered with Family Dollar and 7-Eleven to sell their cards in their stores.
Netspend accounts can be managed online or via mobile phone apps. The company was acquired by TSYS in 2013 for $1.4 billion in cash.
In October 2018, the company experienced a technical issue that prevented an unknown number of cardholders from accessing their accounts or the ability to withdraw cash.
Headquarters for Netspend will remain in Austin, Texas.
Contact me so we can do a class action lawsuit. I put money on a card and they won’t activate it cause I had a card previously which is wrong, unlawful in various ways, and I had a rep state they won’t activate the card plus hung up on me with no calls back. I never opened a card with them I only use money orders unless someone opened a card in my name and they authorized it which mean netspend and their employee committed another crime against me with identity theft. I will be seeking a lawyer. I am over these fraudulent companies who violate privacy acts with sharing my information around violating their sworn oaths to protect and serve as well as various national, state , and federal banking laws hustling and scamming customers
Your company is a fraud. I am now talking to a attorney as I put money on this card to pay a bill and you are denying me access to the card and my money loaded on to this card. Unlawful practices violating various laws from a unlawful corporation.
Therefore your company has stole my money. I will not wait for a refund as this will accrue late fee and charges to the company I am trying to pay. So now I am charging you fees, late, fees, hardship fees, fraud, scamming me, and taking my identity. Each day I do not have my card activated or money back you will be charged daily for all listed above. A list of each fee charges will be sent to you asap after I speak with a lawyer. You unlawfully and wrongfully violated various rights, privacy acts, privacy laws, constitutional laws and rights. I demand my card activated for the amount I put on the card now or a refund on this card and activated and I will no longer use or refer your company to another person in my life. You have two hours. I cannot believe your rep is not even contacting me back nor is the manager I continuously asked to speak with!!!!
I DEMAND If my card is not activated I am charging your company double the amount by tomorrow 12/12/19, the next day another charge, and each day there after, 5 days and after you will be charged 500.00 a day, and fee and charges will be added to these fees each day going will be 500.00 till the next 5 and doubling to 1000.00 daily till 5 more days and then it will double to 2000.00 and will continue to increase doubling each amount till I am paid all fees and charges along with slander and defamation of character. Time is ticking I have copies of all communication. Demand of action and time of accruing fees starts now 12:31 pm 12/12/2019
Sincerely not happy,
BMeza
Hello my name is Howard Blunt Jr I will be mailing a check to you for deposit. I will mail the check certified in one day
Yeah I bet that subject line made you want to open this. Listen, I have done business with your company for years and have been more then satisfied UNTIL tonight!!!! So your team found it to be appropriate to freeze my account without my knowledge. I have been out of work and barely getting by, which I told your girl tonight. That is when I called in after my card was declined leaving me very humilated and embarressed at the store, Great job there by the way!!!! So What little money I did have on the card was quickly sucked up by your company!!!. First apperantly I had a past due bill of 5.00 on the card, ok. Check 5 off, then they wouldnt lift the hold on the card I have had for YEARS!!!!! So I happened to have a secondary card already here. After I had to nearly beg her to just activate this card, She went over all my payment options……Well you know how this works, right???? Anyway I went, all the money I had just loaded today would be gone with nothing to show for it?!?!?! JUST BECUASE YOUR TEAM WONT RELEASE THE F-ING HOLD ON MY CARD!!!!!!!! REALLY????? So this is how I see it, You can either do the right thing here, and activate this new card, waiving the new first month down fee of only 5.00 because really, It is your company that is MAKING ME ACTIVATE A NEW CARD WHEN I DONT WANT TO, or you can show how money hungery you really are and I can take my business eleswhere!!! Because let’s face it, YOUre really one in a million pre paid card companies out there aren’t ya????? Oh and guess what, My facebook followers, My instagrams followers and All of my YouTube channel followers will know how sh**ty your company is!!! Because guess what, I do get paid to rate companies on line for extra cash and I will be so happy to let anyone and everyone know how much you need the 5.00 more then you need a customer that has been loyal to you for years. Happy holiday shopping Netsptend!!!!! Youre decision and I await your immediate response!!! You can find my information below!!
Tonya Riley
580-565-XXXX
tonyariley90@ yahoo.com