05-05-2004, 07:03 PM
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Confirmed User
Join Date: Jul 2003
Location: Mobtown
Posts: 2,613
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Just got this myself:
Quote:
NexusXI would like to notify each of its valued clients that we will no longer be processing through Visa and MasterCard outside of Canada. With the ever-increasing scrutiny by the credit card associations with regards to IPSPs, we feel that we can no longer offer reliable credit card processing to international clients. We have decided to withdraw from Visa and MasterCard processing outside of the Canadian market.
NexusXI will no longer process Visa and Mastercard as of midnight (MST), Friday, May 15th, 2004.
All of the accounts at our acquiring banks remain open and in good standing. All NexusXI account holder's funds are completely secure; regular payouts and holdbacks will be dispersed as usual. Your account will remain open and accessible at www.nexusxi.com. All password management functions, consumer and merchant services will be operating as normal.
With the recent news of yet another processing company declaring bankruptcy, NexusXI's decision to no longer process Visa and Mastercard is a prudent decision, and in the best interest of our current clients. NexusXI will be focusing on its existing services as well as the Pay Per Minute billing system to be released this month.
This is not the closure of another online processor. This is a business decision made to enhance the services NexusXI has already developed, and we look forward to a long and prosperous business partnership with our valued merchants.
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Regards,
Brenda Guenther
Nexus XI Communications Inc.
Tel: 1-780-421-5490 ext. 207
Fax: 1-780-669-7013
Email: [email protected]
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