This deservs a re-post. Canadian Processor Nexus XI goes belly up :(

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Adult Site Traffic
    Confirmed User
    • Mar 2003
    • 5093

    #1

    This deservs a re-post. Canadian Processor Nexus XI goes belly up :(

    I wonder if the check I just got is good. If not, it's pretty with the little hologram on it Maybe I'll frame it along with the old GloBill Checks :D

    ++++++++++++++++++

    Dear valued merchant/webmaster,

    The bank has frozen all of Nexus XI's funds over an alleged "breach of contract". While Nexus XI does not agree with this judgment, Nexus XI does not have the funds to pursue legal action as all of its assets are presently frozen.

    Nexus XI advises that any merchants that have not already done so should seek a new billing solution.

    The bank has promised that any funds remaining, after any charge-backs, refunds, and penalties, will be released back to Nexus XI after 6-8 months have elapsed. Upon release of Nexus XI's assets, Nexus XI intends to pay all monies owing to its merchants and creditors at that time.

    In an effort to maximize funds available for payment to merchants and creditors at the end of this 6-8 month waiting period, Nexus XI will be eliminating staff and extended services.

    The processing engine and main website will be left online to handle normal customer cancelations and account expiry.

    Nexus XI Communications Inc.

    ALL Domains and Websites are GOING AWAY NOW! Ask me!
    Many great domains, mainstream and adult, some complete sites with databases, some names with traffic and PR, some investment quality names. Come take a look! { Traffic Orders: Please go here }

    .:: SHARPEN the Elite - BURN the leftovers! Ooh-Rah!! ::.
  • JFK
    FUBAR the ORIGINATOR
    • Jan 2002
    • 67369

    #2
    FUCKING BANKS

    FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX
    For promo opps contact jfk at fubarwebmasters dot com

    Comment

    • Adult Site Traffic
      Confirmed User
      • Mar 2003
      • 5093

      #3
      Ya. I knew it COULD happen, I gave them a shot when they were new, which I knew came with a risk, but what doesn't anyhow.

      ALL Domains and Websites are GOING AWAY NOW! Ask me!
      Many great domains, mainstream and adult, some complete sites with databases, some names with traffic and PR, some investment quality names. Come take a look! { Traffic Orders: Please go here }

      .:: SHARPEN the Elite - BURN the leftovers! Ooh-Rah!! ::.

      Comment

      • Adult Site Traffic
        Confirmed User
        • Mar 2003
        • 5093

        #4
        Originally posted by Adult Site Traffic
        Ya. I knew it COULD happen, I gave them a shot when they were new, which I knew came with a risk, but what doesn't come with a risk anyhow?

        ALL Domains and Websites are GOING AWAY NOW! Ask me!
        Many great domains, mainstream and adult, some complete sites with databases, some names with traffic and PR, some investment quality names. Come take a look! { Traffic Orders: Please go here }

        .:: SHARPEN the Elite - BURN the leftovers! Ooh-Rah!! ::.

        Comment

        • johndoebob
          Confirmed User
          • Mar 2004
          • 3405

          #5
          6-8 month?The bank will make lots of money with the money they owe Nexus XI.

          Can't they find a lawyer who'll do it for a good payment if everything resolves after the lawsuite or do they think it won't be finished before 6-8 months anyway?

          Comment

          • nudecanada
            Confirmed User
            • Jan 2004
            • 793

            #6
            See what happens when you run adult transactions through a mainstream merchant account?

            Comment

            • doober
              Confirmed User
              • Jul 2003
              • 6984

              #7
              I must not be up to speed cause the first time I ever heard of them was last week.

              Comment

              • JakeR
                Confirmed User
                • May 2001
                • 1760

                #8
                Originally posted by JFK
                FUCKING BANKS
                yeah, blame the banks because a shitty processor cant follow the rules
                Adult Merchant Accounts & Chargeback Management Solutions
                Domestic & Offshore
                icq: 152-058-005

                Comment

                • BIGTYMER
                  Junior Achiever
                  • Nov 2004
                  • 17066

                  #9
                  Originally posted by JakeR
                  yeah, blame the banks because a shitty processor cant follow the rules

                  Comment

                  • Argoz
                    Confirmed User
                    • Aug 2002
                    • 3006

                    #10
                    What kind of "breach of contract"??
                    rssEVOLUTION : Produce a FULL website with ANY RSS feed(s) in seconds.

                    contentSOLUTION : Allowing you to automatically grab articles from article directories,
                    import as many text files as you want at once, grab ANY content from ANY RSS feed, and scrape search engines, instantly.

                    Comment

                    • BigL
                      Registered User
                      • Apr 2002
                      • 40

                      #11
                      Adult Site Traffic, the Nexus XI check you received - which pay period is it from?

                      Comment

                      • xclusive
                        Too lazy to set a custom title
                        • Apr 2004
                        • 35218

                        #12
                        Any company is at the mercy of the banks if they decide to fuck you all you can do is grab your ankles and hope the banks has a little dick and don't wanna fuck you too hard...

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


                        Comment

                        • Adult Site Traffic
                          Confirmed User
                          • Mar 2003
                          • 5093

                          #13
                          Originally posted by BigL
                          Adult Site Traffic, the Nexus XI check you received - which pay period is it from?
                          It only says "Date: 2004-11-01" so I assume it's the period ending 10/24, or possibly 10/17.

                          Too bad my checks have to go to Vancouver and then forward to me or I might have gotten it deposited in time.

                          Oh well. I sold those sites anyhow and the new owners never changed the processing so it's almost like free money :D

                          AST

                          ALL Domains and Websites are GOING AWAY NOW! Ask me!
                          Many great domains, mainstream and adult, some complete sites with databases, some names with traffic and PR, some investment quality names. Come take a look! { Traffic Orders: Please go here }

                          .:: SHARPEN the Elite - BURN the leftovers! Ooh-Rah!! ::.

                          Comment

                          Working...