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1. With 5 years experience, it would seem MVC (Paymonde) would have more than one merchant account to fall back on.
After they lost their Philippines merchant account, which was not their fault (that bank was bought out by another bank not willing to do adult - we know, as we had a merc acct there)... they only had one left in EU, which is just downright silly. How can they risk millions with only 1 merchant account?
2. While this MAY be true, that they are not at fault (I'd like to see their bank's side of the story), they still have 6 months of hold backs and the 3 weeks of monies due. Not just 3 weeks. In addition to this, they are not considering the rebills that have just vanished.
3. Wonton Media and PanchoDog, among others, will be investigating this further, rest assured.
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