Never did business with them and never heard of them before and only use the square in my business anyway and one day in early January 2026 an invoice shows up in my email saying I owe Payarc $212 and does not say what it is for. I call up and they tell me that I have not paid my monthly service bill with Venmo and they are collecting it. (I opened a Venmo account 3 years prior in case my customers ever wanted to pay that way but never ever did so I never even used it..zero transactions) I then called venmo and they tell me that there is no monthly or annual membership fee and that my account does not owe them anything. I give the venmo fraud dept payarcs number and they say they will handle it. A few days later I call payaarc again and tell them what venmo said, that I owe no money and that they dont even charge a fee to subscribe to their service and they tell me the entire thing was an error and will be withdrawn. Later in early February I received the same invoice again so call payarc again and was told the charges were cancelled on Feb 3 and not to worry about them...that they are gone. However the next month March 1 I get another invoice from payarc only now for $424 for supposedly not paying the first and now the fee for second month and threatening to turn it over to a collection agency and ruin my credit if I dont pay it immediately. I call them again. The agent lies to me and says I have a contract with venmo and he reads me my company name and has my company bank account number too and says I made a contract with Venmo. Venmo says no such thing and I tell him that previous payarc agents had tod me that the invoice was an error and closed. Two days later another payarc person emails me and again says the matter is closed and dont worry about it. . However I am worried about it anyway so I go to my bank and close my business account and open another one. I am totally worried because I dont know how payarc got my banking information in the first place and dont trust them and venmo would never give it to them anyway even to collect a debt. I was right. The second of March I get another email from Payarc saying that they tried to bill my bank account and that their charges were returned and they are again threatening to turn my "account" over to a collection agaency and ruin my credit if I dont pay immediately! Mind I dont even have an account with payarc and they claim they are some kind of payment processing company but in my case they claim they are trying to collect an unpaid debt from a third party and are acting like a collection agent! So it is a good thing I closed my bank account which had obviousy been compromised. I have since then received yet another one of their bogus invoices this time for $178 with all kinds of impressive codes and fees and discounts and no explanation of what it is for ...bizarre shit and I am an MBA who has been in business for over 40 years and never seen anything like this! My opinion is that Payarc is some kind of racketeer corrupt organization and run by either etreme incompetents or criminals...not sure it is even located in this country. I suggest anyone dealing with them to close your bank accounts if they have had access to it and to do so even if you think your account with them is closed and the nice man on the phone tells that because obviously someone else unknown running their systems and will come back weeks or months later and generate a fake invoice or termination fee and try to steal from your account. Hell! They may have been stealing out of their clients accounts in driblets for years and their clients dont even know it! Finally I turned the entire matter over to the detective at my local police department and also notified my bank since Payarc, a company I never did business with and did not even have an account with, somehow obtained the numbers of one of my bank accounts from me and so I believe they are capable of anything. Paypal also did suffer a massive data breach late last year and tens of thousand of accounts were compromised and account data stolen--I got a letter from them to change all passwords and check accounts for fraudulant invoices and purchases..so be careful if any of your account date was stored at paypal who knows where it ended up or who bought it off the dark web or how mine ended up in the hands of Payarc..
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