01-18-2007, 02:21 AM
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Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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True Dat Homie
Quote:
Originally Posted by Webby
Only suggestion I got is do not trust any processor with your funds unless they can show evidence of security for your money in the event of their demise.
The fact is most processors can not do this - they act as a bank and have no measures in place should they go bust. That insecurity includes the "biggest" processors downwards and it's only a matter of time who goes bust next.
There are a couple of processors who do provide security - it's worth checking em out. Their biz model "should" be a basic requirement for *any* TTP - no exceptions.
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Enough Said. 
"Would you rather live like a king for a year or like a prince forever?"
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