{"id":92186,"date":"2025-03-15T02:58:11","date_gmt":"2025-03-15T02:58:11","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2025\/03\/15\/bench-is-charging-people-for-services-they-already-paid-for-some-customers-say\/"},"modified":"2025-03-15T02:58:11","modified_gmt":"2025-03-15T02:58:11","slug":"bench-is-charging-people-for-services-they-already-paid-for-some-customers-say","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2025\/03\/15\/bench-is-charging-people-for-services-they-already-paid-for-some-customers-say\/","title":{"rendered":"Bench is charging people for services they already paid for, some customers say"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">After Employer.com <a href=\"https:\/\/www.linkedin.com\/posts\/jessetinsley_big-update-for-all-bench-accounting-customers-activity-7280336457121087489-zUTE?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAADHUUIEBu9ykWEQA6ZCNi-WBJ4dxkaU6GpY\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">acquired bankrupt accounting startup Bench<\/a> in a fire-sale late last year, CEO Jesse Tinsley <a rel=\"nofollow\" href=\"https:\/\/www.linkedin.com\/posts\/jessetinsley_big-update-for-all-bench-accounting-customers-activity-7280336457121087489-zUTE?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAADHUUIEBu9ykWEQA6ZCNi-WBJ4dxkaU6GpY\">pledged<\/a> on LinkedIn and elsewhere to honor past customer payments.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re honoring all prepaid Bench services even though we will not have the revenue from that directly ourselves,\u201d Tinsley <a rel=\"nofollow\" href=\"https:\/\/multitudes.weisser.io\/p\/how-employercom-acquired-bench-accounting\">said in an interview<\/a> with founder and investor Julian Weisser.<\/p>\n<p class=\"wp-block-paragraph\">But some Bench customers say they\u2019re being charged to get books or tax returns they previously paid for.<\/p>\n<p class=\"wp-block-paragraph\"><a rel=\"nofollow\" href=\"https:\/\/www.documentcloud.org\/documents\/25560816-complaint-ba79d3ab-async\/?mode=document#document\/p8\">A lawsuit<\/a> filed on Tuesday by Bench customer Qorum claims that Bench required it to pay to get its 2023 tax return, despite having already paid for the service under Bench\u2019s previous owners.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cDefendant Jesse Tinsley made negligent misrepresentations when he falsely stated that Employer.com would honor prepaid Bench services,\u201d the lawsuit alleges.<\/p>\n<p class=\"wp-block-paragraph\">Another customer, who requested anonymity, was shocked to learn they needed to renew their subscription to get accounting books completed when they paid for that service two years ago, according to correspondence seen by TechCrunch.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">When they questioned this, a Bench representative told them that \u201cBench 2.0\u201d has no affiliation with prior obligations and that Employer.com couldn\u2019t take on unpaid work.<\/p>\n<p class=\"wp-block-paragraph\">Employer.com\u2019s CMO Matt Charney strongly disputes that Bench is charging for previously paid work. \u201cWe have been, and are honoring pre-paid services for our customers,\u201d he said.<\/p>\n<p class=\"wp-block-paragraph\">Charney also said it delivered that tax 2023 return to Qorum without requiring additional payment. But Qorum\u2019s founder Andrew Pietra told TechCrunch he was required to continue his subscription to get the return in the first place.<\/p>\n<p class=\"wp-block-paragraph\">Under its previous ownership, Bench burned <a href=\"https:\/\/techcrunch.com\/2025\/02\/05\/bench-burned-through-135-million-before-shutting-down\/\">through $135 million<\/a> and <a href=\"https:\/\/techcrunch.com\/2025\/01\/03\/inside-the-wild-fall-and-last-minute-revival-of-bench-the-vc-backed-accounting-startup-that-imploded-over-the-holidays\/\">struggled to get AI <\/a>to replace human bookkeepers. That led to long delays and big piles of books that still needed to be completed, according to former employees.<\/p>\n<p class=\"wp-block-paragraph\">Multiple Bench customers <a href=\"https:\/\/techcrunch.com\/2025\/01\/10\/bench-customers-are-now-being-forced-to-hand-over-their-data-or-risk-losing-it-they-say\/\">previously told TechCrunch that<\/a> Employer.com had also sent them notices intended to get them to click on a consent button that had them foregoing refunds on prepaid services.<\/p>\n<p class=\"wp-block-paragraph\">Many books and returns remained incomplete when Bench abruptly shut down on December 26 last year. Employer.com, a U.S. company, <a href=\"https:\/\/techcrunch.com\/2024\/12\/30\/bench-to-be-acquired-after-abruptly-shutting-down\/\">announced plans<\/a> to buy the Canadian fintech less than 72 hours later.<\/p>\n<p class=\"wp-block-paragraph\">Employer.com bought Bench for $9 million, <a href=\"https:\/\/www.documentcloud.org\/documents\/25561741-ksv-bench-filing\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">bankruptcy filings<\/a> submitted in Canada show.<\/p>\n<p class=\"wp-block-paragraph\">The fintech\u2019s abrupt collapse was caused by a lack of liquidity after its main creditor, the National Bank of Canada, declined to lend it an additional $7.7 million in December 2024. The NBC had already provided $51 million USD in credit to the troubled startup, <a href=\"https:\/\/techcrunch.com\/2025\/01\/16\/failed-fintech-startup-bench-racked-up-over-65-million-in-debt-documents-reveal\/\">according to previous filings.<\/a><\/p>\n<p class=\"wp-block-paragraph\">Ironically, it\u2019s the news of Bench\u2019s sudden shutdown that led to its rescue. The company had previously shopped itself around but failed to find a serious buyer, the <a href=\"https:\/\/www.documentcloud.org\/documents\/25561741-ksv-bench-filing\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">filings<\/a> note.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2025\/03\/14\/bench-is-charging-people-for-services-they-already-paid-for-some-customers-say\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Employer.com acquired bankrupt accounting startup Bench in a fire-sale late last year, CEO Jesse Tinsley pledged on LinkedIn and elsewhere to honor past customer<\/p>\n","protected":false},"author":1,"featured_media":92187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[149],"tags":[],"class_list":["post-92186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/92186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=92186"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/92186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/92187"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=92186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=92186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=92186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}