Algonquin Acquisition Company LLC Charge on Credit Card: A Scam?
Did you see Algonquin Acquisition Company charge on your Bank statement? You’re not alone! Lots of people have reported being charged by the company. Here’s a detailed review on What Algonquin Acquisition Company LLC is, how it operates, and why you were charged by the company.
What is Algonquin Acquisition Company?
Algonquin Acquisition Company, LLC is a Foreign Limited Liability Company based in the United States. It was founded in 2010 with a vision to provide innovative financial solutions to small and medium-sized businesses. Recently, the company collaborated with lots of electronic gaming online stores.
This includes Sony PlayStation Store, EA, Microsoft Store, Steam, and others. While you may not realize it, your gaming purchases and renewals are technically processed through Algonquin behind the scenes.
As a result of this, once you buy a gaming accessories online you’d see the company on your bank statement.
Reviews & Complaints From Users
See reports from recipients –
Ive just noticed the exact same on my bank account.. One for £10.99 and £3.99… These both add up as membership for PS+ and EA Play, taken out on the days they renew…
No idea why its coming up with this name, and going to company details takes me to Stat News website…
Hey, I just bought my yearly 1 purchase of FIFA points and also see this name on my bank statement. Literally just bought it now.
I have 3 transactions with this, one I did for Assassin’s Creed Mirage, the other was my standard £6.99 for monthly membership and the third I cant remember of the top of my head without being on my playstation, but they are 100% purchases I can confirm doing myself on the PS Store. I’m glad to see I’m not the only one who has them. I’m wondering if it’s some kind of mistake if you also have them from something not playstation related. What is yours from if I can ask?
i noticed on my bank transactions some payments going out to ‘Algonquin Acquisition Company LLC’, which I don’t recognize, but when I press show details it says London GB Playstation Network, and the transactions from my PS do match up but it usually shows up in my bank transactions as just Playstation. Does anyone else have this or know about it?
Is Algonquin Acquisition Company a Scam?
No, it is not a scam. You’ve received the credit card charge from the company because it partners with the gaming online store/platform you recently patronised. Your payment details were sent securely to Algonquin for authorization and settlement.
So, once you see the company’s name on your bank statements it simply means your money passed through their system before it reached the retailer. It is a standard payment flow.
However, there are complaints from people who kept seeing the charge even though they’ve not bought any gaming accessories online or subscribed to any gaming service.
If that’s the case for you, take the steps listed below.
How To Stop Unauthorised Credit Charges
- Report unauthorized transactions to your card holder immediately. You may get your money returned IF you report immediately.
- Close the credit card and request for a new one.
- To protect yourself in the future, go to bank website where you have credit card and select text notifications in settings.
Meanwhile, If you have a good bank, like Chase, they will notify you by text immediately of the charge and ask if you made the transaction. Reply NO. Your card will be closed and a new one sent.
Frequently Asked Questions About Algonquin Acquisition Company LLC
Is Algonquin Acquisition Company legit?
Yes, it is a legit financial solutions company. It works with gaming online stores and gaming platforms/services.
How much does Algonquin Acquisition Company Charge?
It depends on the transaction made. Charges reported so far are; PS+ and EA membership; 10.99 and £3.99, Fifapoints, £6.99 for monthly Asassin’s Creed Mirage Membership, etc.
