Paysystems Out Of Business?

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  • TonyL
    Confirmed User
    • Feb 2002
    • 900
    #1

    Paysystems Out Of Business?

    Paysystems processing went down yesterday and nobody can give a straight answer over there. The normal weekly payout was not deposited on Thursday and processing went down on Saturday.

    Control Panel Message:
    "IMPORTANT NOTICE - Technical Difficulties
    A technical issue has resulted in disruption of transaction processing for all card types. Our technical team is working diligently to resolve this situation. At this time, we do not have an anticipated time for resolution.

    Please note that your account will not be assessed any fees for declined transactions.

    We sincerely apologize for the inconvenience this has caused and appreciate your understanding. "

    So they aren't paying and they can't process. Sounds like there bank shut them down to me.

    This the end of another processor?
    Tags: None
    • BRISK
      Too lazy to set a custom title
      • Feb 2003
      • 12240
      #2
      I post on GFY so that when people ask me what I do,
      I can tell them that I work with the mentally retarded.

        Comment

        • directfiesta
          Too lazy to set a custom title
          • Oct 2002
          • 30150
          #3
          sorry but : LOL
          I know that Asspimple is stoopid ... As he says, it is a FACT !

          But I can't figure out how he can breathe or type , at the same time ....

            Comment

            • Theo
              HAL 9000
              • May 2001
              • 34515
              #4
              this saturday or last saturday?

                Comment

                • xclusive
                  Too lazy to set a custom title
                  • Apr 2004
                  • 35218
                  #5
                  That sucks i'm thinking that they are DOA

                  I support MediumPimpin.com / Shemp's Outlawtgp.com /


                    Comment

                    • mrthumbs
                      salad tossing sig guy
                      • Apr 2002
                      • 11702
                      #6
                      any update on this?

                        Comment

                        • BVF
                          Black Vagina Finder
                          • Jan 2002
                          • 13975
                          #7
                          they have a nice slick website I'll give them that

                          Black Pussy
                          Click On Mr Cosby..CCbill, 60/40, 136 FHG's....The Cos Loves Black Ghetto Pussy!!

                            Comment

                            • Ar3s
                              So Fucking Banned
                              • Feb 2004
                              • 4307
                              #8

                                Comment

                                • TonyL
                                  Confirmed User
                                  • Feb 2002
                                  • 900
                                  #9
                                  Still no idea when they are going pay and still no idea when they will be processing again according to them.

                                  "our technical team is working diligently to resolve this issue" is all you get when you call or email.

                                  I love the run around. Im already setting up a new processor. Im tired of these damn processors having no accountability.

                                    Comment

                                    • JulianSosa
                                      Confirmed User
                                      • Aug 2003
                                      • 3042
                                      #10
                                      Dear myPaySystems merchant,

                                      Due to circumstances beyond our control, we must terminate our myPaySystems
                                      Internet Billing Account (IBA) services. This unfortunate situation is due
                                      in part to, restrictions imposed by the VISA/MasterCard association on
                                      processing of Internet credit card transactions by third party billing
                                      companies, and, our acquirer Pago eTransaction Services GmbH/Deutsche Bank,
                                      suspending our accounts and accelerating the termination of our IBA
                                      processing capabilities.

                                      All merchants currently processing through an IBA will no longer be able to
                                      process transactions and we are forced to give notice that effective
                                      immediately, August 9, 2004, your myPaySystems IBA Agreement is terminated.
                                      Further, as per section 9.3(e), notice is given that all funds must be held
                                      pending risk review of each account. At this time no release schedule is
                                      available, as each case attracts its own risk profile. There are also
                                      external factors which require final determination. Once we ascertain the
                                      resolution of your risk scenario, your funds may be released in the normal
                                      course.

                                      As we valued your business, we pursued all possible alternative processing
                                      options for our merchants and had implemented a transition plan to migrate
                                      all of our qualified merchants from a myPaySystems IBA to their own merchant
                                      accounts. It was due to the sudden actions of Pago eTransaction Services
                                      GmbH/Deutsche Bank that we were unable to complete the migration. If you
                                      continue to require online payment processing services you may contact other
                                      payment processors that provide similar services. Searching for "process
                                      credit cards online" in any search engine will provide you with possible
                                      alternatives.

                                      At this time PaySystems will only accept written communication concerning
                                      this matter, addressed to:

                                        Comment

                                        • TonyL
                                          Confirmed User
                                          • Feb 2002
                                          • 900
                                          #11
                                          Yep exactly what I suspected. Guess im fucked out of my $30k this week. I like how they will only take mail notification to there legal department. So they can just hold my money now that I need to run my business and decide when they want to release it. They must love there contract lawyer right now.

                                            Comment

                                            • Theo
                                              HAL 9000
                                              • May 2001
                                              • 34515
                                              #12
                                              this is gonna be BIG

                                                Comment

                                                • chupachups
                                                  Confirmed User
                                                  • Dec 2002
                                                  • 6576
                                                  #13
                                                  WFT? Wasnt the guy behind PS entrepreneur of the year 2003 or something?

                                                    Comment

                                                    • Theo
                                                      HAL 9000
                                                      • May 2001
                                                      • 34515
                                                      #14
                                                      Originally posted by Chupachups
                                                      WFT? Wasnt the guy behind PS entrepreneur of the year 2003 or something?
                                                      no that was John Atherton (adstats)

                                                        Comment

                                                        • JulianSosa
                                                          Confirmed User
                                                          • Aug 2003
                                                          • 3042
                                                          #15
                                                          Originally posted by TonyL
                                                          Yep exactly what I suspected. Guess im fucked out of my $30k this week. I like how they will only take mail notification to there legal department. So they can just hold my money now that I need to run my business and decide when they want to release it. They must love there contract lawyer right now.

                                                          Sorry to hear it man.

                                                            Comment

                                                            • Mutt
                                                              Too lazy to set a custom title
                                                              • Sep 2002
                                                              • 34431
                                                              #16
                                                              i just went to their site, they don't provide third party cc processing - who would be using this company? if it's a gateway for people with their own merchant account the money is not with these people but with your merchant bank so how can you be out 30K?

                                                              other than TonyL who is using paysystems and why?
                                                              I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

                                                                Comment

                                                                • Theo
                                                                  HAL 9000
                                                                  • May 2001
                                                                  • 34515
                                                                  #17
                                                                  Mutt, till 1-2 months ago they were doing 3rd party processing. HUGE mainstream billing company. I know many from this board use paysystems.....

                                                                    Comment

                                                                    • JulianSosa
                                                                      Confirmed User
                                                                      • Aug 2003
                                                                      • 3042
                                                                      #18
                                                                      Originally posted by Mutt
                                                                      i just went to their site, they don't provide third party cc processing - who would be using this company? if it's a gateway for people with their own merchant account the money is not with these people but with your merchant bank so how can you be out 30K?

                                                                      other than TonyL who is using paysystems and why?

                                                                      paysystems.com was gateway
                                                                      mypaysystems.com was a 3rd party biller

                                                                      Very big in non adult. They did recurring billing and free trials.

                                                                        Comment

                                                                        • DatingGold
                                                                          $6 PER EMAIL JOiN
                                                                          • Feb 2003
                                                                          • 13185
                                                                          #19
                                                                          Originally posted by JulianSosa
                                                                          Dear myPaySystems merchant,

                                                                          Due to circumstances beyond our control, we must terminate our myPaySystems
                                                                          Internet Billing Account (IBA) services. This unfortunate situation is due
                                                                          in part to, restrictions imposed by the VISA/MasterCard association on
                                                                          processing of Internet credit card transactions by third party billing
                                                                          companies, and, our acquirer Pago eTransaction Services GmbH/Deutsche Bank,
                                                                          suspending our accounts and accelerating the termination of our IBA
                                                                          processing capabilities.

                                                                          All merchants currently processing through an IBA will no longer be able to
                                                                          process transactions and we are forced to give notice that effective
                                                                          immediately, August 9, 2004, your myPaySystems IBA Agreement is terminated.
                                                                          Further, as per section 9.3(e), notice is given that all funds must be held
                                                                          pending risk review of each account. At this time no release schedule is
                                                                          available, as each case attracts its own risk profile. There are also
                                                                          external factors which require final determination. Once we ascertain the
                                                                          resolution of your risk scenario, your funds may be released in the normal
                                                                          course.

                                                                          As we valued your business, we pursued all possible alternative processing
                                                                          options for our merchants and had implemented a transition plan to migrate
                                                                          all of our qualified merchants from a myPaySystems IBA to their own merchant
                                                                          accounts. It was due to the sudden actions of Pago eTransaction Services
                                                                          GmbH/Deutsche Bank that we were unable to complete the migration. If you
                                                                          continue to require online payment processing services you may contact other
                                                                          payment processors that provide similar services. Searching for "process
                                                                          credit cards online" in any search engine will provide you with possible
                                                                          alternatives.

                                                                          At this time PaySystems will only accept written communication concerning
                                                                          this matter, addressed to:
                                                                          One of our NON dating sites uses them, we haven't gotten that message yet though. Lesson of the day don't put all your eggs in one basket.
                                                                          Last edited by DatingGold; 08-09-2004, 07:58 PM.
                                                                          9 Years of SOLID payouts and conversions!



                                                                          ADULT DATING - $100 PPS

                                                                          LIVE CAMS - $214 PPS

                                                                          WWW.DATINGGOLD.COM

                                                                          ICQ: 27442303

                                                                            Comment

                                                                            • TonyL
                                                                              Confirmed User
                                                                              • Feb 2002
                                                                              • 900
                                                                              #20
                                                                              The lesson here is: the whole aggregate model (3rd party billing) is coming to end soon.

                                                                              All of the billers have gone down the same as Paysystems. They claim everything is ok right up until the very last second and then they post this kind of crap.

                                                                              It's working it's way up the chain, Paysystems was next in line they were huge with 3rd party billing.

                                                                              Who's next in line?

                                                                                Comment

                                                                                • contentjunky
                                                                                  Confirmed User
                                                                                  • May 2004
                                                                                  • 377
                                                                                  #21
                                                                                  Sounds like another GINIX Deal. Fuck Paysystems. Im sorry for all you webmasters who use them and have money on a roll over account and is on hold. Im truly sorry. Been There Done that with them and GINIX. Fucked both times. These guys I feel set up shop run a LEGIT business temporary and see all the money coming in and run wait for the right time and call it a technical problem and run for the hills with our cash. Cant prove it but just a feeling I have. Bastards for making webmasters lives hell.
                                                                                  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

                                                                                    • EviLGuY
                                                                                      So Fucking Banned
                                                                                      • Apr 2003
                                                                                      • 12745
                                                                                      #22
                                                                                      Yeah I think Paysystems is toast..

                                                                                        Comment

                                                                                        • Zprogramz
                                                                                          Confirmed User
                                                                                          • Apr 2003
                                                                                          • 1360
                                                                                          #23
                                                                                          Originally posted by TonyL
                                                                                          The lesson here is: the whole aggregate model (3rd party billing) is coming to end soon.

                                                                                          All of the billers have gone down the same as Paysystems. They claim everything is ok right up until the very last second and then they post this kind of crap.

                                                                                          It's working it's way up the chain, Paysystems was next in line they were huge with 3rd party billing.

                                                                                          Who's next in line?
                                                                                          I agree - How many 3rd party processors have gone under this year so far?

                                                                                          Z

                                                                                            Comment

                                                                                            • EviLGuY
                                                                                              So Fucking Banned
                                                                                              • Apr 2003
                                                                                              • 12745
                                                                                              #24
                                                                                              Originally posted by Zprogramz
                                                                                              I agree - How many 3rd party processors have gone under this year so far?

                                                                                              Z
                                                                                              Yeah its scary times...

                                                                                                Comment

                                                                                                • directfiesta
                                                                                                  Too lazy to set a custom title
                                                                                                  • Oct 2002
                                                                                                  • 30150
                                                                                                  #25
                                                                                                  They ran into huge problem with DirecTV when they were processing merchants selling illegal de-scrambler and cards. I know that they reached a settlement, but at what cost???? Maybe drained their business.

                                                                                                  Also, notice that their bank was in Germany ( our acquirer Pago eTransaction Services GmbH/Deutsche Bank ), so in the Europe zone... I tried to open with them and they answered that they only did german corp....

                                                                                                  Anyway, they fucked me in dec. 2001 when they decided that my adult account was immoral ... So I already lost the reserves.... long time forgotten.

                                                                                                  Sorry for the guys that are hit.

                                                                                                  I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                                                                  But I can't figure out how he can breathe or type , at the same time ....

                                                                                                    Comment

                                                                                                    • pxxx
                                                                                                      First African GFY Member
                                                                                                      • Mar 2004
                                                                                                      • 12114
                                                                                                      #26
                                                                                                      damn it went out of business.

                                                                                                        Comment

                                                                                                        • {fusion}
                                                                                                          Confirmed User
                                                                                                          • Sep 2003
                                                                                                          • 1650
                                                                                                          #27
                                                                                                          holy shit!

                                                                                                            Comment

                                                                                                            • mrthumbs
                                                                                                              salad tossing sig guy
                                                                                                              • Apr 2002
                                                                                                              • 11702
                                                                                                              #28
                                                                                                              ouch

                                                                                                                Comment

                                                                                                                • mrthumbs
                                                                                                                  salad tossing sig guy
                                                                                                                  • Apr 2002
                                                                                                                  • 11702
                                                                                                                  #29
                                                                                                                  TonyL or anyonwe elese using paysystems and doing fair volumes please hit me up on icq

                                                                                                                  160272407

                                                                                                                    Comment

                                                                                                                    • mrthumbs
                                                                                                                      salad tossing sig guy
                                                                                                                      • Apr 2002
                                                                                                                      • 11702
                                                                                                                      #30
                                                                                                                      bump for the people that still think its a tech issue as stated by paysystems ;)

                                                                                                                        Comment

                                                                                                                        • NETbilling
                                                                                                                          Confirmed User
                                                                                                                          • Jan 2002
                                                                                                                          • 8598
                                                                                                                          #31
                                                                                                                          That is a bummer. They were a pretty large company. If Netbilling can assist anybody looking for a processing home, let us know. We will be glad to help with no Netbilling setup fees.

                                                                                                                          Mitch


                                                                                                                          Mitch Farber
                                                                                                                          CEO - NETbilling, Inc.
                                                                                                                          Email / Phone: 888-357-8166 / 661-252-2456
                                                                                                                          Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

                                                                                                                            Comment

                                                                                                                            • Houdini
                                                                                                                              Confirmed User
                                                                                                                              • Dec 2001
                                                                                                                              • 1651
                                                                                                                              #32
                                                                                                                              Originally posted by directfiesta
                                                                                                                              They ran into huge problem with DirecTV when they were processing merchants selling illegal de-scrambler and cards. I know that they reached a settlement, but at what cost???? Maybe drained their business.

                                                                                                                              Also, notice that their bank was in Germany ( our acquirer Pago eTransaction Services GmbH/Deutsche Bank ), so in the Europe zone... I tried to open with them and they answered that they only did german corp....

                                                                                                                              Anyway, they fucked me in dec. 2001 when they decided that my adult account was immoral ... So I already lost the reserves.... long time forgotten.

                                                                                                                              Sorry for the guys that are hit.

                                                                                                                              They also got fucked for processing for pharmaceutical sites and almost lost their processing with Mastercard about three months ago.

                                                                                                                                Comment

                                                                                                                                • NETbilling
                                                                                                                                  Confirmed User
                                                                                                                                  • Jan 2002
                                                                                                                                  • 8598
                                                                                                                                  #33
                                                                                                                                  Website is down also, huh?

                                                                                                                                  Mitch


                                                                                                                                  Mitch Farber
                                                                                                                                  CEO - NETbilling, Inc.
                                                                                                                                  Email / Phone: 888-357-8166 / 661-252-2456
                                                                                                                                  Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

                                                                                                                                    Comment

                                                                                                                                    • TonyL
                                                                                                                                      Confirmed User
                                                                                                                                      • Feb 2002
                                                                                                                                      • 900
                                                                                                                                      #34
                                                                                                                                      Originally posted by netbilling
                                                                                                                                      That is a bummer. They were a pretty large company. If Netbilling can assist anybody looking for a processing home, let us know. We will be glad to help with no Netbilling setup fees.

                                                                                                                                      Mitch
                                                                                                                                      I contacted Aaron yesterday. We sent our merchant pacakage out to you today via FedEx. She said two weeks till we can process again. Any expidite possibility?

                                                                                                                                      -Tony

                                                                                                                                        Comment

                                                                                                                                        • iBill_EU
                                                                                                                                          Registered User
                                                                                                                                          • Aug 2004
                                                                                                                                          • 3
                                                                                                                                          #35
                                                                                                                                          Originally posted by TonyL
                                                                                                                                          I contacted Aaron yesterday. We sent our merchant pacakage out to you today via FedEx. She said two weeks till we can process again. Any expidite possibility?

                                                                                                                                          -Tony
                                                                                                                                          Tony, hit me up on ICQ and see what I can get you going on....
                                                                                                                                          202740086

                                                                                                                                          -Dan

                                                                                                                                            Comment

                                                                                                                                            • NETbilling
                                                                                                                                              Confirmed User
                                                                                                                                              • Jan 2002
                                                                                                                                              • 8598
                                                                                                                                              #36
                                                                                                                                              Originally posted by TonyL
                                                                                                                                              I contacted Aaron yesterday. We sent our merchant pacakage out to you today via FedEx. She said two weeks till we can process again. Any expidite possibility?

                                                                                                                                              -Tony
                                                                                                                                              Hi Tony,

                                                                                                                                              ICQ me your company name and I will check on the status and see what I can do for you.

                                                                                                                                              ICQ#117496436
                                                                                                                                              [email protected]

                                                                                                                                              Thank you, Mitch Farber


                                                                                                                                              Mitch Farber
                                                                                                                                              CEO - NETbilling, Inc.
                                                                                                                                              Email / Phone: 888-357-8166 / 661-252-2456
                                                                                                                                              Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

                                                                                                                                                Comment

                                                                                                                                                • Chris
                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                  • May 2003
                                                                                                                                                  • 27880
                                                                                                                                                  #37
                                                                                                                                                  who is going to handle my checks
                                                                                                                                                  [email protected]

                                                                                                                                                    Comment

                                                                                                                                                    • lacorporacione
                                                                                                                                                      Confirmed User
                                                                                                                                                      • May 2004
                                                                                                                                                      • 252
                                                                                                                                                      #38
                                                                                                                                                      If anyone needs merchant accounts - we setup same day.

                                                                                                                                                      See my sig!
                                                                                                                                                      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

                                                                                                                                                        • Zprogramz
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Apr 2003
                                                                                                                                                          • 1360
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by JupZChris
                                                                                                                                                          who is going to handle my checks
                                                                                                                                                          Check with Netbilling. They have a great check processing option.

                                                                                                                                                          Z

                                                                                                                                                            Comment

                                                                                                                                                            • Varius
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Jun 2004
                                                                                                                                                              • 6890
                                                                                                                                                              #40
                                                                                                                                                              I remember two years ago when I had to go down in person to their offices to get a problem solved (wasn't happening through phone or email).

                                                                                                                                                              They were like 'oh no you can't come down here sir', I told them I worked only a few blocks away and would be there shortly

                                                                                                                                                              Anyhow, their office shocked me; I was expecting a small 5 person operation, but they had a super cool office and 150 staff members.

                                                                                                                                                              Long story short, they always have technical issues...it never ends....well except perhaps this time.

                                                                                                                                                              Personally, we have 6 merchant accounts and CCBill as a third-party, so we're safe

                                                                                                                                                              Today's lesson: Stockpile as many merchant accounts as you can. You never know when you'll need them or when some will drop. (Most only need 10k/month or so to keep the account active...so if you're serious, you should start applying!)
                                                                                                                                                              Last edited by Varius; 08-10-2004, 08:20 PM.
                                                                                                                                                              Skype variuscr - Email varius AT gmail

                                                                                                                                                                Comment

                                                                                                                                                                • TonyL
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Feb 2002
                                                                                                                                                                  • 900
                                                                                                                                                                  #41
                                                                                                                                                                  After summing it up Paysystems owes me: $61,749.60

                                                                                                                                                                  I'll let you guys know if I ever see a dime of it. Unlikely.

                                                                                                                                                                  -Tony

                                                                                                                                                                    Comment

                                                                                                                                                                    • directfiesta
                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                      • Oct 2002
                                                                                                                                                                      • 30150
                                                                                                                                                                      #42
                                                                                                                                                                      Originally posted by TonyL
                                                                                                                                                                      After summing it up Paysystems owes me: $61,749.60

                                                                                                                                                                      I'll let you guys know if I ever see a dime of it. Unlikely.

                                                                                                                                                                      -Tony
                                                                                                                                                                      Shit ! Sorry man...
                                                                                                                                                                      I have to go. I received another bankruptcy enveloppe for Globill.... I also just found a pic of the "goodies" basket they had sent.

                                                                                                                                                                      Will post it later ... for the nostalgia...

                                                                                                                                                                      PS: I am about 20 minutes away from Paysystems and Shwan Forrest ....
                                                                                                                                                                      I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                                                                                                                                      But I can't figure out how he can breathe or type , at the same time ....

                                                                                                                                                                        Comment

                                                                                                                                                                        • Rich
                                                                                                                                                                          So Fucking Banned
                                                                                                                                                                          • Jan 2003
                                                                                                                                                                          • 11486
                                                                                                                                                                          #43


                                                                                                                                                                          Another one bites the dust.

                                                                                                                                                                            Comment

                                                                                                                                                                            • MattO
                                                                                                                                                                              The O is for Oohhh
                                                                                                                                                                              • Feb 2003
                                                                                                                                                                              • 10861
                                                                                                                                                                              #44
                                                                                                                                                                              The craziness continues.

                                                                                                                                                                              I predict some major announcements over the next few days.

                                                                                                                                                                              And you'll be seeing more models like ePassporte is using, stored value cards.

                                                                                                                                                                                Comment

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