Quote:
Originally Posted by CybermedAndy
Actually, when we lost our processing in 2008, they froze up our accounts and only started releasing the funds in increments 6 months later (to cover their asses inre: chargebacks, etc)
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He is likely saying if they did 1/2 as well as they led people to believe they would have had money in other accounts. That all of their "funds" wouldn't only consist of the most recent amount they haven't been paid from their processor. That they could have taken money from other "funds" like profit, or opperational accounts, sold assets if needed etc... to pay everyone off that was owed money.
What happens in a lot of these cases is when a processor freezes the account, the company all of a sudden sees that money as their affiliates money, and all the rest of the money / assests the company owns is the companies money. Most companies wont sell off assets or dip into other business accounts, lines of credit, personal money, etc... to pay off affiliates... WHEN THEY SHOULD. It is not the affiliates fault they lost their processing. The company should pay up with "their own" money, and then they can wait for the freeze to be released to get their money back.