**** Important Paymonde Update ****

someone was caught with his pants down and lost his contracts, just as I posted it several weeks ago

but I am sure that all will be fine

may be they can merge with Ibill

Imondebill would be a great name

I would give them the 1500 to set up an EU corporation right away

lol!!! I nominate godddomains for gfyer of the yr!



huge news i suppose though

Thanks for the update.

OK.. We got a processor who cannot process. We got a processor with no form of backup in place. We got a processor who have been avoiding phone calls, email blah.

Bottom line... there is no processor.

The suggestion of setting up a merchant account and EU corp via this company is totally absurd. They can't even manage their own operations.

webby...is there something you suggest that we do now to ensure that we can get our money from them? Should we call our lawyers to try to get assets from them?

Mmm.. it would be nice to get more intelligence on both Paymonde and Fund2Go - I mean concrete legal docs re the corp paperwork. Funds2Go is a Nevada corp and Paymonde is .... possibly a Quebec based corp. It is also worth enquirying into MVC and background checks of the dirs of all these corps - some stuff may be meaningful there. A lawyer should be able to establish this in 24 hours.

It's hard to say what that may throw onto the table, (it could go an entirely different avenue), but, and only my , I'd be heading towards having these corps liquidated and any assets recovered to go towards creditor payments. It is probably the case that they have inadequate funds to settle with creditors.

From what has been shown so far about the management, they are not equipped to be operating net financial services companies. There may be good people involved - but it takes more than that, - and a biz model to ensure security of client funds.

Would think the first step is contact a corp lawyer in Quebec, get him briefed to the hilt and let him get to work, then listen to his opinion for a way forward.

From past history, the longer this drags on, the less chance of recovery of any funds.

I am so glad I decided not to process with them

What kind of crap is "trying to access the funds"? The reserves would not have been placed in the processors bank. What a load of crap! We're getting scammed - and lawyers red tape only gives them more time to grab our $$$ - if ther is anything left

Sigh......

!!!!!!!!

Since after Paymonde's collapse I only have about 2 cents left to share, I will merely suggest that good ole Nort is just about as free'n'easy with the truth as he is with his client's cash. His explanation is not only absurd on the face of it (as the esteemed Webby has already made clear), but more to the point compounds the original offense.

That some clients are being paid whilst others are not is itself an outrage and, IMHO, constitutes fraudulent business practice. This morning Nort and Howie and crew felt just fine about processing four or five rebills of mine, but I've not seen a plug nickle since the 27 of October! Furthermore, as noted, the notion that they are "working" for the release of "other funds" (if meaning reserves) is, as an argument, both disingenuous as well legally improbable.

The fact remains that good ole Nort and Howie have contamaciously REFUSED to make any public statement here or on their website relating to this entire affair. That, to me at least, remains the single most egregious act in this entire sad situation.

bring on the vaseline

The aura from the management is certainly not good mistermee. OK.. it is possible there are factors outside their control and a desire to try and cover them as soon as possible and not cause damage to their company - or clients.

But... there is nothing worse than vague statements and leaving unanswered questions in the minds of clients. This is what has happened so far.

The other factor is... and it's only my opinion, I do not think the management of these companies have experience in financial areas. Again... the best qualified "management" are going to be folks such as ex-bankers and others with experience in finance who have good banking relationships and with a business model in place to keep client funds seperate from any commissions they will recieve - and have that model constructed in such a way that provides security of client funds should the processing corp experience difficulties.

Sure.. if there is a scenario where client funds are being utilized to pay the costs of operating - that's getting into a dangerous area and one which prob gives cause for a criminal enquiry.

They didn't send the payment on Monday as normal. I have called them on Tuesday, Wednesday and Thursday and every time i got the same answer: they will send the wire in that day.
Something wrong is happening there, for sure.
I am almost convinced that they will not solve in any way the mastercard problem and they will end by not beeing able to processs visa too.

Yep.

Everyday "they will put in funds to be released that day".

Everyday, no funds.

Rebills

we still didnt get any funds from PAYMONDE this week as accepted !

Another question:

any suggestion how we could transfer all paymondes rebill clients to CCBILL or to VEROTEL ?

kind regards

You can't just 'transfer clients'. About the only thing you can do would be to remove all Paymonde join pages, and reference. Go into their CP and cancel all rebills.

Then e-mail all of your member's explaining that it will be discontinued. Then provide a link to the new. Offer a 1st month promo or something to intice them to roll over.

Then after 30 days, remove the Paymonde script from your server. So that way if they are trying to rebill customers, and they do not have access, then the customer can chargeback, and report it as fraud.

All in all, a huge hastle for members.

I dont get why more people dont go with merchant accounts..the benefits are pretty clear, you are in control of your rebills, and not some other odd company that can just dissapear overnight.

Where would be possible to get own merchant account for small/middle volume?

I would be hitting up my lawyers as quick as possible. When it comes to a great deal of money, which I'm assuming it is, I wouldn't take "we are working to have the funds released" as an answer.

are you kidding? I have tried more then 10 companies and they want nothing to do with adult sales. Trying to sign up with netbilling now. will let you know what i get from it

It's pretty easy to get an adult merchant account with great rates if you know the right people. I happen to know the right people and would be happy to introduce you to them. My ICQ number is in my profile ...

This offer is open to anyone with non-shady billing practices. Rates are under 5.5%

i hope this will be settle.. . .. .

paymonde rebill clients

yes this seems the best way to do to cancel all those clients and write them a link where they can sign up for a discount price at another company as CCBILL or VEROTEL.
We need to study how to do this the best on paymonde admin pages.
Honest to say we were staisfied with paymonde till the first payout delays came.

kind regards

all will be fine

yes always we need to think POSITIVE

kind regards

Sadly, suspect positive in this instance means not sending any further signups, chasing existing debts and using more established processors

Think we have all been there before and getting used to the pattern of processor demise.

www.ccbill.com

Sounds like a plan.

oh boy
keeping fingers crossed

thanks for the update

Cross your toes and wish on a star also.

I don't see them in https://ssl.req.gouv.qc.ca/slc0110_eng.html (the Quebec public registry office). They could be using another coporate name tho!

These guys are way too sleazy to be that easily found. I suspect that they are situated safely off-shore where they can more efficiently steal our funds without any risk to themselves.

What irks and rankles is that here we are living through an almost play-by-play replay of the Ibill disaster and people are still holding out hope that these unconscionable scumbags are going to suddenly turn-out to be the nicest and most honest guys on the planet, virtual saints indeed. "All will be well" indeed -- that is, if your names happen to be Nort and Howie.

Let me make myself very clear. I have nothing against hope, even hope against hope (it is, after all, one of the cardinal virtues), but I have even greater faith in the dual adages that remind us that "forewarned is forearmed" and "charity begins at home".

[Biblical references courtesy of St. Paul the Apostle, no relation to Sts. Nort and Howie or Paymonde of Blessed Memory]

Hi Alex - Thank you for doing that check.

The legal name of "Paymonde" remains unknown - ie is it Paymonde S.A, Paymonde Limited, Paymonde LLC or just a name someone created while sipping a beer - ie a trading style?

The fact that this is not declared to potential clients and stating the legal jurisdiction of this alleged business, is odd.

There are also claims that "Paymonde" is a registered trademark.

There is an address for "Paymonde" on a commercial complex in Olongapo City, Philippines. At the same address there are many corps, but the following may be relevant, tho not saying at this time if they are associated:

CardClear.com

CardPay, Inc.

The chosen legal venue for "Paymonde" is in Canada and suggesting that disputes be handled under the Quebec Code of Civil Procedure - hence the possibility that "Paymonde" may be a Canadian corp.

The purported "main office" for "Paymonde" is Ezpaynet Limited of 7 Petworth Road, Surrey, UK, GU27 2JB. Ezpaynet Limited (Company Number 05944015) is a UK company with no track record having been incorporated on 22nd September 2006. The Ezpaynet Limited address is not a "main office" for this company where normal daily business activity is being performed, - it is simply a mailing address.

The name PISO has been introduced on the "Paymonde" website and where their address is PISO, Unit 110 Alpha Bldg. Subic International Hotel, Rizal cor. Sta. Rita Road, Subic Bay Freeport Zone, Olongapo City, Philippines 2200. There are various corp names associated with "PISO", among them, CC Network (Asia) Ltd, and CC Network (EU) B.V.

A further introduction of Funds2Go LLC (Funds2Go.com) is worth a mention. There is at least a commercial association between "Paymonde" and Funds2Go LLC and also a scenario where individuals involved in both these corps have a association. Funds2Go LLC is a Nevada corp (with a legal venue of the State of Nevada) and apparently operating from Quebec.

There are plenty leads to follow up based on the above information and suspect this be best handled by those with investigative experience and legal background with a view to establishing the full credentials of individuals involved in both "Paymonde" and Funds2Go LLC and tracing all other financial services corps where they have any involvement. Further enquiries can also be made with the card companies direct - I'm sure they will be pleased to hear how their merchants conduct their businesses.

Should a clear, transparent and full statement not be forthcoming from "Paymonde" and Funds2Go LLC, rest assured this issue will involve law enforcement authorities. This issue *may* be innocent, but all indications so far suggest otherwise and it clearly needs resolved.

If anyone has concrete information regarding any individuals involved with "Paymonde" or Funds2Go LLC, known *actual* operating addresses or any corporate information - feel free to post.




PS I have some folks who are well-qualified to investigate the whole issue and liase with law enforcement in other countries. They don't want serious money for their work - it's a favor, but would want to see they cover their costs. The only main factor is we provide them with as much data as possible and as many possible valid leads to followup, and avoid wasting their time.

Don't matter much if they are offshore mistermee, - possible fraud is an issue sensitive to offshore locations and this would be investigated.

Forgot one element... if anyone has names of individuals involved in Paymonde or Funds2Go LLC, it would also be useful to know nationalities or countries of citizenship if this is known.


PS Gonna avoid asking for dates of birth - that's expecting too much

norton burah
Nickname: antivirus
Title: President
Company: Paymonde
Address: 2021 Union Suite 818
Montreal, Quebec h3a 2s9 Ca

http://www.adultwhoswho.com/person/person.html?id=02044

Howard Cohen
Title: CEO
Company: My Virtual Card
Address: 2021 Union, Suite 818
Montreal, QC H3A 2S9 CA
Company Niche(s): Affiliate Program, Billing Solutions
Signup for Program: myvirtualcard.com
http://www.adultwhoswho.com/person/person.html?id=00033


Bryan liquornik
Company: My Virtual Card
Address: 2021 Union, Suite 818
Montreal, QC H3A 2S9 CA
Company Niche(s): Affiliate Program, Billing Solutions
Signup for Program: myvirtualcard.com
http://www.adultwhoswho.com/person/person.html?id=00408

Joey Bransky
Title: V.P SALES
Company: Funds2Go
Address: 2021 union suit 818
montreal, quebec h3a2s9 ca
Company Niche(s): Billing Solutions
Signup for Program: Funds2Go
http://www.adultwhoswho.com/person/person.html?id=02076

Dear Merchant,

For compliance purposes, we now require that you include our European Incorporation at the bottom of on your site(s)?s homepages and support pages. It can appear as follows:

Payment Support:
www.pisosupport.com
[email protected]

Ezpaynet Ltd
7 PETWORTH ROAD, HASLEMERE,
SURREY, UK, GU27 2JB

This should also accompany any ?Contact? or ?Support? page , and should be visible (Should be size 12 font or larger)

This should be given your immediate attention, and should be done for all sites currently under your account. Please advise us once this is done.

Additionally, as always, please ensure that there exists a universal username/pw to the members area of your site, which does not expire (If applicable) as this is always a requirement. This would include:

* Sites with a protected members area
* Cam/dating sites that have a customer login
* Sites which sell product, however require a ?Customer Login? to
proceed with the purchase

As always, feel free to contact us should you have any questions. Thank you, and we appreciate your continued business and support!

Best Regards,

Paymonde Compliance

Thanks for these posts

Another address, tho prob an old one, but worth checking any history at that location..

Mr. Norton Burah
President
MyVirtualCard
1117 St. Catherine St. West Suite 230
Montreal, Quebec H3B 1H9
Phone: 514-668-2664
Fax: 514-287-9596

http://www.gofuckyourself.com/showthread.php?t=676164

Awesome! Let us know if you need any assistance.

Mitch