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Old 11-25-2003, 07:31 PM  
homegrownmof
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Join Date: Oct 2002
Location: SD, CA
Posts: 408
Quote:
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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