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Old 02-18-2003, 08:13 AM   #1
Mr.Dee
Registered User
 
Join Date: Feb 2003
Location: Slovenia
Posts: 50
:mad PSWbilling.com new fucking shit

They sended me this shit for VISA.They offers me to pay 3500$ to have VISA payments.This is crazy.Iam very very
disappointed and company losing my trust and patience.

Read below:

--------------------------------------------------------------------------------
Dear PSW Client:

These are some common questions associated with re-establishing Visa processing.


What Visa Processing Region am I in now?
------------------------------------------------------------------------------

If you received the "Non-US/Non-European Client Notice", you are located in a country that is not in the European Union Visa Processing Region. At this time PSW Billing Solutions is processing transactions for the EU processing Region as well as the United States Region.


What kinds of transactions will I be able to process if I change nothing?
------------------------------------------------------------------------------
Your account can presently settle MasterCard, JCB, and US On-Line Checks. Rebills associated with these initial sales will also run. New Visa transactions are presently declined.

Previous Visa transactions that were due to rebill are queued up waiting for the ability to settle them. We can only settle them when we can properly account for your corporate or business location.


Do I need to establish a foreign corporate presence?
------------------------------------------------------------------------------
In order for you to process Visa Transactions in a Visa Processing Region, you will need a corporate presence in that region. The establishment of an International Business Corporation will allow for you to process Visa Transactions in the European Union Visa Processing Region. Similarly, a US Corporation would allow you to process through the US Processing Region. A US Corporate presence requires a US citizen or legalized US taxpayer as a primary representative for the corporation.

There are many consulting companies that can help you establish an International Business Corporation. PSW Billing Solutions has no specific relationship with a particular consulting company. There are varied fees involved with setting up these corporations. We encourage you to make the choice that is best for you.

The best and fastest company for assisting in the setup of International Business Corporations is Treppides Associates Limited. We strongly recommend that you use this company to expedite your setup.


--------------------------------------------------------
INTERNATIONAL BUSINESS CORPORATIONS (Cyprus, EU)
Pre-approved name takes 2 days (THEY choose)
Custom name takes 2 weeks (YOU choose)
$3500 setup, $1000 per year

Nicolas Treppides, Director
Treppides Associates Limited
P.O. Box 27142
1642 - Nicosia, Cyprus
Tel: +357 22 678944
Fax: +357 22 679096

[email protected]
www.treppides.com
----------------------------------------------------------------------------

Hey guys what can I do now, is there any solution?
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Old 02-18-2003, 08:15 AM   #2
gothweb
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Join Date: Jun 2002
Location: Back in the USSA
Posts: 8,849
There are places that do it cheaper than $3500 plus $1000 per year, but that's the order of magnitude you are looking at no matter what you do.
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Old 02-18-2003, 08:32 AM   #3
rowan
Too lazy to set a custom title
 
Join Date: Mar 2002
Location: Australia
Posts: 17,393
I'm in the same boat. Pay $3,500 (or whatever to set up a company), or lose my rebills.

I can afford $3,500, but I don't exactly have it available right this instant. I also think it's a very bad idea to rush into something as significant as setting up an offshore corporation.

At this stage I am seriously considering cancelling all PSW visa rebills and mailing those members, asking them nicely to re-sign up with verotel. I've already asked PSW for a complete list.

Other potential options:

1. Go into partnership with a USA or EU citizen
2. Sell the site to a USA or EU citizen
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Old 02-18-2003, 09:18 AM   #4
LadyMischief
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Join Date: Sep 2002
Location: Oakville, Ontario
Posts: 18,135
Offshores are a pain in the ass, and they can be a flag for the goverment saying "PLEASE AUDIT ME". The whole thing is ridiculous beyond imagination.
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Old 02-18-2003, 09:44 AM   #5
J.R.
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Industry Role:
Join Date: Feb 2002
Location: Calif & Washington
Posts: 3,472
PSW SUCKS!!!

Once again, someone from PSW contacted me finally
on ICQ.. I gave them my account #.. never heard back!

This is like the tenth time. They NEVER return emails!!!
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