Paymonde/MyVirtualCard = The next iBill?

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  • JD
    Too lazy to set a custom title
    • Sep 2003
    • 22651

    #1

    Paymonde/MyVirtualCard = The next iBill?

    And the survey says?
    41
    Yes
    0%
    38
    No
    0%
    3
  • gooddomains
    Too lazy to set a custom title
    • Jul 2003
    • 10127

    #2
    nominated for ibill of the year 2006

    Comment

    • starpimps
      Confirmed User
      • Sep 2006
      • 6954

      #3
      ibll all over again...dont worry in 6 months they will open up a porn blog site
      ={
      Teen Porn Models / Solo Girls

      Comment

      • gooddomains
        Too lazy to set a custom title
        • Jul 2003
        • 10127

        #4
        I guess they will rebill forever

        Comment

        • marko13
          Confirmed User
          • Apr 2004
          • 7512

          #5
          7 voted for yes
          and 0 for no....
          We are responsible for your hosting ... Enjoy in your life.
          Shared hosting from $3.95 Europe Linux VPS plans from $11.37
          http://www.LVPSHosting.com

          Comment

          • gooddomains
            Too lazy to set a custom title
            • Jul 2003
            • 10127

            #6
            yes, yes, yes

            Comment

            • Barefootsies
              Choice is an Illusion
              • Feb 2005
              • 42635

              #7
              This message is hidden because gooddomains is on your ignore list.




              Should You Email Your Members?

              Link1 | Link2 | Link3

              Enough Said.

              "Would you rather live like a king for a year or like a prince forever?"

              Comment

              • directfiesta
                Too lazy to set a custom title
                • Oct 2002
                • 30143

                #8
                globill, ibill , nexus ... and so on .
                I know that Asspimple is stoopid ... As he says, it is a FACT !

                But I can't figure out how he can breathe or type , at the same time ....

                Comment

                • JD
                  Too lazy to set a custom title
                  • Sep 2003
                  • 22651

                  #9
                  so far it's not looking good guys

                  Comment

                  • BoyAlley
                    So Fucking Gay
                    • Nov 2004
                    • 19714

                    #10
                    Originally posted by starpimps
                    dont worry in 6 months they will open up a porn blog site

                    Comment

                    • GonZo
                      Confirmed User
                      • Jul 2002
                      • 3180

                      #11
                      I posted this link on Oprano but Ill post it here.

                      For those of you that are using 3rd party credit card processors you might want to pay attention.

                      Prior to june 30, 2007, anyone processing credit card payments online
                      must be compliant with the Visa Cardholder Information Security
                      Program (CISP). It is based on the PCI data security standards.

                      Here is a list of those processors that are compliant. Is your processor there?

                      http://usa.visa.com/download/busines..._Providers.pdf

                      CCbill and Paycom are both there and seem to have been for a long time.

                      There are a few others that seem to be "missing"...

                      Is your processor there? If not you have to ask yourself what will they do June 30th? Is it possibile that they will take my money and run?
                      Assclown Bob Rice wants to BANG your credit card!
                      "I am putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage."
                      All the information above is my personal opinion.

                      Comment

                      • Jace
                        FBOP Class Of 2013
                        • Jan 2004
                        • 35562

                        #12
                        nope

                        they are the next globill

                        Comment

                        • justsexxx
                          Too lazy to set a custom title
                          • Aug 2001
                          • 13723

                          #13
                          anyone has an idea who runs ibill.com now? Would be fun, when the sponsors don't pay the money to ibill.com site...Then they would know how it feels...
                          Questions?

                          ICQ: 125184542

                          Comment

                          • Mediachick
                            Confirmed User
                            • May 2006
                            • 897

                            #14
                            I really wondered what triggered all of this? Did they get in trouble somehow or did they just decided to steal everybody's money? Fuck, you cant trust anybody...
                            --MC--
                            Live High Def Video Chat Converts!



                            ICQ: 276456001

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                            Comment

                            • Kimmykim
                              bitchslapping zebras!!!!!
                              • Jun 2001
                              • 16015

                              #15
                              I'll take a stab in the dark and guess that when the Phillipines bank was taken out of the picture, they had no backup in place. They'd been processing previously in the EU region so perhaps no one wanted to take them back there.

                              Just a guess.

                              Comment

                              • gooddomains
                                Too lazy to set a custom title
                                • Jul 2003
                                • 10127

                                #16
                                something smelled fishy about the name change

                                Comment

                                • Webby
                                  Too lazy to set a custom title
                                  • Oct 2002
                                  • 14956

                                  #17
                                  Originally posted by Mediachick
                                  I really wondered what triggered all of this? Did they get in trouble somehow or did they just decided to steal everybody's money? Fuck, you cant trust anybody...
                                  Time will tell on that. Sure.. they have been in trouble for a while and hiding it. Only my (and not just because there are current problems) - these people have no cred whatsoever to be engaged in transacting money on the net.

                                  Got no evidence of any direct theft/fraud, but it's certainly on the table as a possibility and something worth taking up with any liquidator (and checking who exactly appointed the liquidator) - and if there is still dissatifaction, it's time to pass the issue over the law enforcement and dump the liquidator.
                                  XXX TLD's - Another mosquito to swat.

                                  Comment

                                  • Webby
                                    Too lazy to set a custom title
                                    • Oct 2002
                                    • 14956

                                    #18
                                    Originally posted by Kimmykim
                                    I'll take a stab in the dark and guess that when the Phillipines bank was taken out of the picture, they had no backup in place. They'd been processing previously in the EU region so perhaps no one wanted to take them back there.

                                    Just a guess.
                                    Prob a very accurate guess KK. Another guess is that there is good reason there was a problem locating banks which would accept them.
                                    XXX TLD's - Another mosquito to swat.

                                    Comment

                                    • Mediachick
                                      Confirmed User
                                      • May 2006
                                      • 897

                                      #19
                                      Originally posted by Webby
                                      Time will tell on that. Sure.. they have been in trouble for a while and hiding it. Only my (and not just because there are current problems) - these people have no cred whatsoever to be engaged in transacting money on the net.

                                      Got no evidence of any direct theft/fraud, but it's certainly on the table as a possibility and something worth taking up with any liquidator (and checking who exactly appointed the liquidator) - and if there is still dissatifaction, it's time to pass the issue over the law enforcement and dump the liquidator.
                                      2much have used their services for a few years and never got in any trouble to my knowledge. In my own opinion; I dont think its a total scam built from the beginning; not that I excuse any of this, but I agree with you; it seems like they are having trouble since a while, and once they totally lost control (of what exactly, dont ask me-lol) they just kindof adopted 'we're fucked anyway' kindof attitude?
                                      --MC--
                                      Live High Def Video Chat Converts!



                                      ICQ: 276456001

                                      The Complete Live Video Chat Solution

                                      Comment

                                      • RawAlex
                                        So Fucking Banned
                                        • Oct 2003
                                        • 9465

                                        #20
                                        Here is my take:

                                        Most companies run into the problem of using this weeks money to pay last week's bills. Then it is this weeks money to pay two weeks ago bills, and float the week in the middle... then float two weeks, three weeks, etc... until they are pretty much at the limit, and then they stay there.

                                        Then all of a sudden an interruption in cash flow. For Paymonde, it was the loss of their mastercard accounts. Suddenly they have less money in, the reserves are probably lost at that point (or tied up forever in a philipines pending pile) and they are suddenly very short of funds indeed - doubly so if they have been running as I suggest some companies might in the top paragraph.

                                        They manage to choke a few checks out for a couple of weeks using only the Visa money, but they are falling farther and farther behind, plus thier buisness expenses are built on having visa and mastercard firing, and not mastercard is gone... and some of the accounts are trying to move off to ccbill or paycom or anyone else... you start to lose the volume of transactions to support your state of business...

                                        Then the Visa gets kicked as well - or the Visa people figure out you aren't solvent and get scared about future chargebacks and hold 100% of your funds to "build the reserve".

                                        You are now a dead processor. Done properly, the owners have about enough money in their pockets to up and leave town before people track them down. Another country is good, making it much harder to be able to ever really figure out what happened.

                                        The good news (in theory) is that there are reserve funds out there that will be available to get dispersed one day. The bad news is there will likely be enough chargebacks and bullshit to make all that money go away.

                                        It is only a guess, I have absolutely no facts or insider information to back any of this up, but you can see how easy it is to happen.

                                        Comment

                                        • Barefootsies
                                          Choice is an Illusion
                                          • Feb 2005
                                          • 42635

                                          #21
                                          Originally posted by RawAlex
                                          Here is my take:

                                          Most companies run into the problem of using this weeks money to pay last week's bills. Then it is this weeks money to pay two weeks ago bills, and float the week in the middle... then float two weeks, three weeks, etc... until they are pretty much at the limit, and then they stay there.

                                          Then all of a sudden an interruption in cash flow. For Paymonde, it was the loss of their mastercard accounts. Suddenly they have less money in, the reserves are probably lost at that point (or tied up forever in a philipines pending pile) and they are suddenly very short of funds indeed - doubly so if they have been running as I suggest some companies might in the top paragraph.

                                          They manage to choke a few checks out for a couple of weeks using only the Visa money, but they are falling farther and farther behind, plus thier buisness expenses are built on having visa and mastercard firing, and not mastercard is gone... and some of the accounts are trying to move off to ccbill or paycom or anyone else... you start to lose the volume of transactions to support your state of business...

                                          Then the Visa gets kicked as well - or the Visa people figure out you aren't solvent and get scared about future chargebacks and hold 100% of your funds to "build the reserve".

                                          You are now a dead processor. Done properly, the owners have about enough money in their pockets to up and leave town before people track them down. Another country is good, making it much harder to be able to ever really figure out what happened.

                                          The good news (in theory) is that there are reserve funds out there that will be available to get dispersed one day. The bad news is there will likely be enough chargebacks and bullshit to make all that money go away.

                                          It is only a guess, I have absolutely no facts or insider information to back any of this up, but you can see how easy it is to happen.
                                          Sounds about right.

                                          Should You Email Your Members?

                                          Link1 | Link2 | Link3

                                          Enough Said.

                                          "Would you rather live like a king for a year or like a prince forever?"

                                          Comment

                                          • dasbroot
                                            Registered User
                                            • Nov 2006
                                            • 46

                                            #22
                                            the one who voted no is gooddomains for sure

                                            Comment

                                            • gooddomains
                                              Too lazy to set a custom title
                                              • Jul 2003
                                              • 10127

                                              #23
                                              Originally posted by dasbroot
                                              the one who voted no is gooddomains for sure
                                              come on, I am not all evil, I probabbly lost more money with billers going down than you could ever imaginge, the first one was back in 1999 already, after the first 5 I stopped counting

                                              Comment

                                              • scardog
                                                Confirmed User
                                                • Aug 2004
                                                • 886

                                                #24
                                                The too are moving forward.

                                                Comment

                                                • Tanker
                                                  Confirmed User
                                                  • Nov 2000
                                                  • 9287

                                                  #25
                                                  I got a check from them last week didnt know there was a problem time to read the boards more

                                                  Tanker
                                                  ICQ 3427575


                                                  CCBTools Now featured in the CCBill.com APP STORE

                                                  Comment

                                                  • Kimo
                                                    ...
                                                    • Jan 2006
                                                    • 11542

                                                    #26
                                                    oh fo sho
                                                    ...

                                                    Comment

                                                    • tony299
                                                      lurker
                                                      • Aug 2002
                                                      • 57021

                                                      #27
                                                      didnt they just disappear but ibill is still around doing what I dont know

                                                      Comment

                                                      • V_RocKs
                                                        Damn Right I Kiss Ass!
                                                        • Nov 2003
                                                        • 32448

                                                        #28
                                                        Originally posted by Jace
                                                        nope

                                                        they are the next globill
                                                        Wow.. you should hit me up on ICQ....

                                                        Comment

                                                        • gooddomains
                                                          Too lazy to set a custom title
                                                          • Jul 2003
                                                          • 10127

                                                          #29
                                                          Originally posted by Tanker
                                                          I got a check from them last week didnt know there was a problem time to read the boards more
                                                          make sure it doesn't bounce

                                                          Comment

                                                          • Kimmykim
                                                            bitchslapping zebras!!!!!
                                                            • Jun 2001
                                                            • 16015

                                                            #30
                                                            So they've actually just disappeared?

                                                            Comment

                                                            • Barefootsies
                                                              Choice is an Illusion
                                                              • Feb 2005
                                                              • 42635

                                                              #31
                                                              Originally posted by Kimmykim
                                                              So they've actually just disappeared?
                                                              Apparently.
                                                              Should You Email Your Members?

                                                              Link1 | Link2 | Link3

                                                              Enough Said.

                                                              "Would you rather live like a king for a year or like a prince forever?"

                                                              Comment

                                                              • Barefootsies
                                                                Choice is an Illusion
                                                                • Feb 2005
                                                                • 42635

                                                                #32
                                                                Dear PayMonde Merchants,

                                                                PayMonde is going out of business. We'd first like to assure you that we are currently working with our processor to ensure that we receive your money in order to pay you out. Unfortunately, there will be some delays, but we are working to resolve this as quickly as possible. We'd like to take this moment to thank you for your patience, to thank you for your support throughout the years, and to wish you luck and fortune in the future.

                                                                The Management
                                                                PISO
                                                                U12 Gamma Commercial Complex
                                                                CBD Subic Bay Metropolitan Authority
                                                                Subic Bay Freeport, Olongapo City, Philippines


                                                                https://www.paymonde.com/Merchants/
                                                                Should You Email Your Members?

                                                                Link1 | Link2 | Link3

                                                                Enough Said.

                                                                "Would you rather live like a king for a year or like a prince forever?"

                                                                Comment

                                                                • Kimmykim
                                                                  bitchslapping zebras!!!!!
                                                                  • Jun 2001
                                                                  • 16015

                                                                  #33
                                                                  I guess that's that, then.

                                                                  Comment

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