Media Release
Date: February 7, 2006
To: BBB Members & Media
From: Kathleen Calligan, President & CEO
Telephone (615) 250-4242
StormPay.com Freezes Accounts
The Better Business Bureau of Middle Tennessee alerts the public
to the business practices of StormPay.com of Clarksville, Tennessee.
During the first six weeks of 2006, StormPay.com has generated
more complaints to BBB than any other Middle Tennessee or Southern
Kentucky business.
In the past seven days, BBB has received 18,926 inquiries from
consumers around the world checking on the reliability of StormPay.com.
Complaints filed by consumers from around the world state that
StormPay.com has frozen their online accounts and will not release
funds due. StormPay.com is an online payment processor which
acts as an intermediary in the processing of funds between a
web site and a customer. “Since the end of January, BBB has received
over 180 complaints from users of StormPay.com” says BBB President/CEO,
Kathleen Calligan. “A review of complaints filed by users indicate
that the company is holding in excess of $460,000” explains Calligan.
An email sent to at least one complaintant by StormPay, states
in part “…should you choose to attempt to recover your funds
through other means, that conduct will result in the forfeiture
of any refund…”
The majority of complaints filed with BBB, concern StormPay’s
freezing of accounts from users who participate in “auto-surfing”
programs. An “auto-surfing” program reportedly generates money
to the user every time a user visits a participating web site.
It is the position of the Better Business Bureau that auto surfing
programs can post a financial risk to participants. Often “auto-surfing”
programs are thinly veiled pyramid schemes cleverly devised to
participants.
Due to the complaint volume, international scope of participants
and amount of money involved, BBB is requesting the assistance
of federal authorities for further investigation.
From: YazzaSurf
Due to the warning (copied below) from the Better Business Bureau,
effective immediately, YazzaSurf has removed StormPay from the
YazzaSurf programs page. Of course, it didn't help any that
they drained our account of several thousands of dollars today,
either.
Bob
YazzaSurf Admin
Surfingold - your way to success Admin
wrote:
Dear members,
Our stormpay account has $0 balance.
Read about what happens here:
http://www.northshore-media.com/index.php/post/1411/
Best regards,
Surfingold Admin
NOTE FROM A FRIEND:
If anyone has funds in stormpay TELL THEM TO GET THEM OUT NOW!
StormPay is now going into their member/client accounts and charging
back any/all surfing fees that they can. I removed my cc and
checking acct. numbers when I saw that they had started charging
me back funds that I had been paid.
Go to the other surf forums and read about everyone it is happening
to right this minute. Stormpay has gone bizzerk barnyard krazy!
I was lucky enough to get thru to our credit union and put a
stop pay on any/all drafts that come thru from them from tonight
forward. I don't know what will happen next, but I'm gonna be
ready for it.
PLEASE FOLKS, IF YOU HAVE MONEY IN STORM PAY..PROTECT YOURSELF
IF YOU CAN. GET IT OUT AND PUT A STOP HOLD ON ANY ACTIVITY STORM
PAY MAY WANT TO TAKE AGAINST YOUR ACCOUNTS. THEY HAVE BEEN REQUESTING
BACK FUNDS THAT WERE PAID FROM BANK ACCOUNTS AND CREDIT CARDS.
I KNOW SEVERAL PEOPLE WHO HAVE THOUSANDS LOCKED UP AND CANNOT
GET ACCESS TO THEIR OWN MONEY.
This is crazy. But I know of another company that did something
like this..then disappeared with alot of other people's money.
Don't ignore these warnings and protect yourself if you still
can.
Sorry to have to bring you this news,
Sandra
Win Win Admin
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