Originally Posted by bellybuttonlint

WHat Happened? what happened is that they are no different than the most of these crooked payment processors.

this is the message they have for their merchants:

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



funny thing is, i had a feeling this would happen when i called funds2go about 2 weeks ago.

paymonde is affiliated with MVC and funds2go.

the manager " joe" from funds2go told me " were redesigning our system and tha we will be using new atm cards"

shortly after that, funds2go mailed out emails claiming a water main broke and wiped out their computers...few days later they mass mailed and said their system is back online.....

basically, when their so called water main broke...they were busy switching from mvc and paymonde.

got fucked by Ibill, now fucked by MVC/paymonde/funds2go.

sympathies to all,
i just contacted every single customer and told them to charge back and cancel their rebills.

paymonde / MVC is still accepting and processing payments and keeping all cash while the merchants are not going to be getting paid.