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Nexus has done a couple of refunds off of my account too but nothing massive. Its not like them to do that. Don't blast them for everything now that they are (probably) out of biz. They are very good at what they do but its unacceptable to have no communication with their clients because they have a problem with their bank/merchant account. It won't change anything to let us know what is going on. I think we've all elected to use other processors anyways but if they survive this, by getting a new merchant for example, I don't think I could trust them again.
People panic but there are many processors out there. Its just sometimes hard to find them. The biggest challenge is finding one that will not go out of biz. Surviving the 1% C/B ratio is not impossible to do.
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Lacoste
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