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?
