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I placed an order last week with American Apparel for a bunch of shirts which came to $803.04. I went to place an order the following day to buy some screen printing supplies with a different company and my card was declined. I checked my bank account balance online to see what was going on because I knew I had plenty of money in the account......turns out that American Apparel put a hold on my account for $815.00 which was on top of the $803.04, so basically they took $1618.04 from my account and plan to put back $815.00 after 3 days. American Apparel said its standard procedure to do a hold like that to make sure the funds are good.....but me being a small business and not having an additional $815.00 available.....I am not able to buy anything else for the next couple of days which messed up a bunch of other orders I had to print.
Is this normal for a wholesaler to put a hold on my funds like that? It doesn't make sense because they put the hold on the same account......so if the first $803.04 isn't good.....what makes the next $815.00 good?
Should I call American Apparel and ask for money off the order because of the hundreds of dollars they cost me in set backs, or is this pretty standard?
Thanks
Is this normal for a wholesaler to put a hold on my funds like that? It doesn't make sense because they put the hold on the same account......so if the first $803.04 isn't good.....what makes the next $815.00 good?
Should I call American Apparel and ask for money off the order because of the hundreds of dollars they cost me in set backs, or is this pretty standard?
Thanks