PSW billing out of business

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  • playa
    Confirmed User
    • Feb 2001
    • 6432

    #1

    PSW billing out of business

    i hope this ain't true


    Due to circumstances beyond our control, PSW Billing has been forced to
    cease processing.

    This situation has caused great distress for our staff, and of course
    for our clients.
    We appreciate the continued support and positive feedback from our
    concerned friends and collegues as we continue our fight on the legal
    front.

    PSW will remain in business and continue to fight for clients' funds
    for as long as it takes.  All clients will be paid in full as funds are
    released by the banks. We will keep you informed in future emails.

    Rest assured that any outstanding payouts due to you are currently 100%
    intact and have not been fined or assessed in any way. Our lawyers are
    working diligently to have all funds released and available for
    immediate payout as we receive them. We truly appreciate your patience
    in bearing with us while this is being sorted out. We understand the
    hardship this has placed on everyone, so please understand that we are
    doing everything in our power to get your money to you as quickly as
    possible.

    As a sign of good faith, PSW has made arrangements for a smooth
    transition of your accounts to Jettis, at a deeply discounted rate of
    12%. This rate is guaranteed for 6 months from activation. In addition,
    Jettis has agreed to maintain the discounted rate of 12% for as long as
    your chargeback ratio stays below .75%.

    All that is needed from you to take advantage of the 12% rate is to
    reply to this email with the URLs you wish to setup. We will facilitate
    the transfer of your account to Jettis as quickly and smoothly as
    possible.

    Again, although we have ceased processing, our remaining staff will be
    continuing to 'fight the fight' for this industry, and to retrieve 100%
    of your funds.

    We hope to have your continued support through these difficult times.

    Sincerely,
    PSW Billing

    [email protected]
    - - - - - - - - - - - - - - - - - - - -
    Past articles and news items:
    http://www.pswbilling.com/news/
  • boneprone
    Hall Of Fame
    • Jan 2001
    • 34415

    #2
    lol

    Industry Hall Of Fame Legend Mike Jones
    Bow to the Power - Still BP4L
    http://gfyawards.com/hall-of-fame
    Learn about it kids.

    Comment

    • pamphage
      Confirmed User
      • Jan 2003
      • 3569

      #3
      go jettis! >
      SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR.
      Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60.
      Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

      Comment

      • jact
        Confirmed User
        • Sep 2002
        • 9134

        #4
        Wow, I hate being right.
        Free agent

        Comment

        • StuartD
          Sofa King Band
          • Jul 2002
          • 29903

          #5
          You'd think they'd have something about it on their site before they send out an email.... right?
          This is me on facebook
          This is me on twitter

          Comment

          • BradShaw
            Confirmed User
            • Oct 2001
            • 7840

            #6
            CURSE of CECASH. I believe they were using them for a while.
            Sig too big

            http://www.gofuckyourself.com/gfy_faqs.html

            Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

            Comment

            • playa
              Confirmed User
              • Feb 2001
              • 6432

              #7
              damn what about my $750 visa reg fee

              Comment

              • pamphage
                Confirmed User
                • Jan 2003
                • 3569

                #8
                Originally posted by MaskedMan
                You'd think they'd have something about it on their site before they send out an email.... right?
                globill didn't. :-)
                SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR.
                Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60.
                Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

                Comment

                • Sly_RJ
                  Live Hard - Die Hard
                  • Feb 2002
                  • 17042

                  #9
                  Didn't this happen a while back?
                  PHAT SERVERS - Quality dedicated hosting at a quality price!
                  sly AT phatservers DOT com - 147479144

                  Comment

                  • Daymare
                    Confirmed User
                    • Feb 2002
                    • 2674

                    #10
                    another one bites the dust

                    Comment

                    • pamphage
                      Confirmed User
                      • Jan 2003
                      • 3569

                      #11
                      Originally posted by playa
                      damn what about my $750 visa reg fee
                      dust in the wind...all we are is dust in the wind...
                      SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR.
                      Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60.
                      Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

                      Comment

                      • doober
                        Confirmed User
                        • Jul 2003
                        • 6984

                        #12
                        wasnt it obvious??

                        Comment

                        • playa
                          Confirmed User
                          • Feb 2001
                          • 6432

                          #13
                          i betcha that transition means another $750 fee

                          Comment

                          • jact
                            Confirmed User
                            • Sep 2002
                            • 9134

                            #14
                            Originally posted by playa
                            i betcha that transition means another $750 fee
                            You got it.
                            Free agent

                            Comment

                            • pamphage
                              Confirmed User
                              • Jan 2003
                              • 3569

                              #15
                              Originally posted by BradShaw
                              CURSE of CECASH. I believe they were using them for a while.
                              the curse of CE CASH is their member sections.
                              SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR.
                              Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60.
                              Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

                              Comment

                              • spooky181
                                Confirmed User
                                • Jul 2003
                                • 2951

                                #16
                                I thought this was old news..

                                Comment

                                • playa
                                  Confirmed User
                                  • Feb 2001
                                  • 6432

                                  #17
                                  What is disturbing is that this processor required the VISA reg fee. the other billers that dropped didn't require it

                                  Comment

                                  • pamphage
                                    Confirmed User
                                    • Jan 2003
                                    • 3569

                                    #18
                                    Originally posted by playa
                                    What is disturbing is that this processor required the VISA reg fee. the other billers that dropped didn't require it
                                    psw had a lot of other issues going on...just search the threads on them...
                                    SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR.
                                    Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60.
                                    Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

                                    Comment

                                    • Cassie
                                      Confirmed User
                                      • Mar 2003
                                      • 3139

                                      #19
                                      Originally posted by jact
                                      Wow, I hate being right.
                                      jact you stated this to me back in august i believe. i must come to you to find out my future
                                      ICQ: 309756847
                                      ]

                                      Comment

                                      • Krome
                                        Confirmed User
                                        • Jul 2001
                                        • 2851

                                        #20
                                        I dont understand why the banks are allowed to with old the fees.

                                        Comment

                                        • homegrownmof
                                          Confirmed User
                                          • Oct 2002
                                          • 408

                                          #21
                                          Originally posted by playa
                                          i hope this ain't true


                                          Due to circumstances beyond our control, PSW Billing has been forced to
                                          cease processing.

                                          This situation has caused great distress for our staff, and of course
                                          for our clients.
                                          We appreciate the continued support and positive feedback from our
                                          concerned friends and collegues as we continue our fight on the legal
                                          front.

                                          PSW will remain in business and continue to fight for clients' funds
                                          for as long as it takes.  All clients will be paid in full as funds are
                                          released by the banks. We will keep you informed in future emails.

                                          Rest assured that any outstanding payouts due to you are currently 100%
                                          intact and have not been fined or assessed in any way. Our lawyers are
                                          working diligently to have all funds released and available for
                                          immediate payout as we receive them. We truly appreciate your patience
                                          in bearing with us while this is being sorted out. We understand the
                                          hardship this has placed on everyone, so please understand that we are
                                          doing everything in our power to get your money to you as quickly as
                                          possible.

                                          As a sign of good faith, PSW has made arrangements for a smooth
                                          transition of your accounts to Jettis, at a deeply discounted rate of
                                          12%. This rate is guaranteed for 6 months from activation. In addition,
                                          Jettis has agreed to maintain the discounted rate of 12% for as long as
                                          your chargeback ratio stays below .75%.

                                          All that is needed from you to take advantage of the 12% rate is to
                                          reply to this email with the URLs you wish to setup. We will facilitate
                                          the transfer of your account to Jettis as quickly and smoothly as
                                          possible.

                                          Again, although we have ceased processing, our remaining staff will be
                                          continuing to 'fight the fight' for this industry, and to retrieve 100%
                                          of your funds.

                                          We hope to have your continued support through these difficult times.

                                          Sincerely,
                                          PSW Billing

                                          [email protected]
                                          - - - - - - - - - - - - - - - - - - - -
                                          Past articles and news items:
                                          http://www.pswbilling.com/news/

                                          Does this mean PSW is transferring a website'sentire processing database to Jettis or just present and future joins?

                                          12% is a good deal but good luck staying at .75
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                                          Comment

                                          • Rich
                                            So Fucking Banned
                                            • Jan 2003
                                            • 11486

                                            #22
                                            I thought this happend a while ago, don't they owe Darren a couple hundred k or something?

                                            Comment

                                            • Hooper
                                              Confirmed User
                                              • Jul 2001
                                              • 2210

                                              #23
                                              being an ipsp does not make one invincible to bad management.

                                              psw had chargeback problems from what i understand, and they just kept getting worse because they treated most of their clients (ourselves included) like shit.

                                              bottom line is their bank withheld funds. after a long enough time that has a bad effect.

                                              i will also tell you this. billing companies going under is a self fulfilling prophecy. the more you post about a company going under, the more people hesitate to send transactions through. the fewer the transactions, the higher the cb rate.

                                              who's next?
                                              <a href="http://www.adultplatinum.com/"><img src="http://www.adult.com/wmbanners/10dcash-468x60.gif"></a>

                                              Comment

                                              • playa
                                                Confirmed User
                                                • Feb 2001
                                                • 6432

                                                #24
                                                This is just an email i got a few hours ago

                                                Comment

                                                • RedShoe
                                                  赤い靴 call me 202-456-1111
                                                  • Feb 2001
                                                  • 14831

                                                  #25
                                                  Originally posted by playa
                                                  i hope this ain't true
                                                  I uh.. I'd have to say at this point that aint no joke.

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                                                  Comment

                                                  • Centurion
                                                    Confirmed User
                                                    • Dec 2002
                                                    • 6033

                                                    #26
                                                    OMG! This is truly shocking news!

                                                    Comment

                                                    • Madball
                                                      Confirmed User
                                                      • May 2002
                                                      • 748

                                                      #27
                                                      Why am I not surprised? Anybody got word from Jettis on this?
                                                      <a href="http://www.homepageofthedead.com"><img src="http://board.gofuckyourself.com/images/globill_88x31.gif"></a>

                                                      Comment

                                                      • chowda
                                                        Confirmed User
                                                        • Jun 2003
                                                        • 9527

                                                        #28
                                                        whats the url?
                                                        Someone finds you...
                                                        2007

                                                        PS: Nationalnet is the best host I've ever had. And i tried alot of them.

                                                        Comment

                                                        • Adult Site Traffic
                                                          Confirmed User
                                                          • Mar 2003
                                                          • 5093

                                                          #29
                                                          How many times have I said "Get your own merchant account".

                                                          Of course, it requires more management ..

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                                                          Comment

                                                          • KCat
                                                            Confirmed User
                                                            • Sep 2002
                                                            • 2204

                                                            #30
                                                            I'm surprised it took this long. You can't withhold webmaster money & expect to be getting new business. I'm sure most folks jumped ship when they first noticed their checks were missing some digits.

                                                            ~ 300+ FHGs, 100,000 pics to use plus a rockin' Video of the Day download! ~

                                                            Comment

                                                            • thetrog
                                                              Confirmed User
                                                              • Jun 2003
                                                              • 157

                                                              #31
                                                              Amazing how quickly things change.

                                                              A year ago lots of people were telling me how great they were.

                                                              Then the bad reports started coming in.
                                                              Last edited by thetrog; 11-27-2003, 06:28 AM.

                                                              Comment

                                                              • Katja
                                                                Registered User
                                                                • Nov 2003
                                                                • 3

                                                                #32
                                                                Webmasters who are owed money by PSW, please go to:

                                                                http://www.network54.com/Hide/Forum/272122
                                                                Katja

                                                                Comment

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