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Old 03-24-2014, 02:26 PM  
NewOldPlayer
So Fucking Banned
 
Industry Role:
Join Date: Jan 2013
Posts: 467
Is Zombaio officially going out of business?

I can't imagine how much longer they can continue on abusing their clients by not paying them.

I don't think they are getting new clients because they ruined their own reputation by not making payouts, and or if they do, they are weeks behind. Word travels fast.

Now that they don't have enough money coming in to cover money going out, how much longer can they keep this charade going?

They are running out of excuses. "Manual payments, technical problems" and they created red pass to buffer late payments even further, by using red pass as the new scape goat. But we all know red pass IS Zombaio. So red pass isn't holding funds up, Zombaio is.

The questions now is, not "if" they are going out of business, it's "when."

So who will get burned when they crash?

Will they payout the hundreds of smaller accounts and burn a dozen whales with big balances due?

Or will they pay off the whales (because they have the money and legal might to collect) and burn the majority of small accounts because they have no power or voice at all?

Either way it's going to be ugly.

I once praised Zombaio for being the new light in this greedy world of credit card processors. But now I regret it. It's really too bad they screwed up their business. They had the right idea, but didn't know how to maintain it. Spending incoming funds on outside ventures and not having enough money leftover to make payouts is not the way to run a business.

I'm just waiting for them to shove that red pass card up my ass one last time before I get burned and lose all my payouts.

Have the balls and decency Zombaio to announce that you are going out of business and start re paying all the payouts before you crash and burn. End this madness of toying with people's money. Turn off your 'live customer service' which is completely meaningless, as we don't need to read the same comments every week by your 17 year old operator that tells us, 'you'll be paid tomorrow.'

Step up to the plate and take your hits. You've made some money and now your business has failed and is coming to an end. It's time to repent, make all the payouts due and get into a new line of business.

I hear Home Depot is hiring.
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