basschick: why were they not able to pay some of what they owed to their webmasters?
The current situation was caused by a reserve squeeze for various banks, however the bank in question caused the majority of the problem (ie, if it wasn?t for them we?d have been fine).
what will PSW do to keep payouts coming if the same bank freezes them again, but for a longer period?
Once the circumstances were brought to our attention, we started diversifying our funding sources and establishing systems to protect our clients (part of the plan to maintain stability).
talking about selling your assets is nice, but would that handle months of rebills?
Agreed and we?ve always made it clear that we consider the database yours to control. As you know, some of the more sensitive information can?t be provided to you directly and that?s why we?ve laid groundwork to make sure any necessary transition would be as smooth as possible.
CyberSan: Ok - what´s that mean? (EU Client Question)
"European webmasters may experience an interruption in service" simply means there may be periods where orders do not go through. A few billing agents that are currently servicing the EU include
CCBill,
proBilling, and
2000charge. Hope this helps. We'll let you clients know when our services are fully back online.
Johnny Traffic: Couldnt cope with another shock, glad your ok
Thanks Johnny. ;)
Soul_Rebel: let's all agree at least that 2pac is alive
Yes.. he.. is.
