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Re: WIZARDS OF SUCCESS ADVENTURE TEAM
2/3/2006 5:59:50 AM
Yes my point is that we shouldn't use ANY of the payment processors AT ALL! Purely a merchant account with a reputable international bank It is getting far too dangerous to use payment processors - in terms of hackers and they deciding they're going to freeze your account And they don't answer e-mails The international press aren't going to give any space to problems with StormPay etc., but they would with international banks like Barclays and HSBC if there was a similar problem!!
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Jo Matthias

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Re: WIZARDS OF SUCCESS ADVENTURE TEAM
2/3/2006 4:18:29 PM
Hello WOSAT, What about a small US based bank. Please check out the First National Bank of Odon. Call them at 1-800-477-7324. I have no idea what their overseas charges are, but I have had a free checking account there for years. Also, there is the option of EMO. Thank you, Jo
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Rose Enderud

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Re: WIZARDS OF SUCCESS ADVENTURE TEAM
2/3/2006 5:30:41 PM
Hello Everyone, I read somewhere EMO may be in trouble too. Haven't heard any problems with E-bullion, yet. They have been in business several years. Rose
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Roisann Mikel

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Re: WIZARDS OF SUCCESS ADVENTURE TEAM
2/4/2006 12:06:28 AM
I've used Bank of America for years as well. They have free online banking. I believe someone menitoned them before. I have no complaints about them. But I don't know what our needs are either. Roisann
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Re: WIZARDS OF SUCCESS ADVENTURE TEAM
2/4/2006 3:20:44 AM
URGENT MESSAGE To WOSAT ECONOMIC SECTION To WOSAT MEMBERS Policy Update (stormpay, 2006) 31-Jan-2006 14:40 Due to high volumes of fraudulent transactions made to merchants with commission based business models, StormPay can no longer process payments for those type of merchants who choose to accept more than one payment processing solution. Using more than one payment processor is exactly the situation that "fraud" seeks out. This enables the fraudulent user to set up a fake profile with either of the processors, make a purchase or join the program, and then withdraw their earnings to the other processor where the real identity is used. This sort of activity makes it nearly impossible for either processor, or law enforcement to properly handle the fraud because the "trail" comes to an end. This is the cause for a great many chargebacks to those merchants which can be avoided. As of 1/30/2006 StormPay must require Merchants with a commissioned based business model who choose to accept StormPay, to only accept StormPay. StormPay certainly does not wish to dictate how our merchants run their business, all merchants are free to choose any processing solution that best suits their needs. We understand you have choices and certainly hope that choice is the online leader - StormPay. However, if another payment solution is used, please immediately remove StormPay from the associated website as a funding option and continue to use the StormPay account funds to finish payments to those members who paid using their StormPay account. At StormPay we truly care about our merchants' and the overall success of their business and sales and for that reason we have implemented these very necessary changes. Thank you in advance for your understanding in this very crucial matter. StormPay Inc. --end policy update-- I will need to do further research before making a decision on the action I will take. I am 100% certain a pay processor will step up to the plate to fill the void that stormpay will be creating. With the new rule many merchants will opt to just drop them. Sincerely, WOSAT30 Resouces: StormPay. (2006, January 31). StormPay Policy Update. Retrieved January 31, 2006, from StormPay.com Inc. Web site: http://www.stormpay.com/stormpay/user/user_home.php
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