No Jettis Reserves Being Paid - GoFuckYourself.com

Shap · 09-08-2003, 03:46 PM

Hi. I know there is a large PRO-Jettis crowd here on GFY. That's cool. This isn't a Jettis-bash session. I have a legit concern regarding how / when they have been releasing their reserves.

For all Jettis clients, have you had any of your CC Reserves released in the past 8 months. We were receiving our reserves without a problem and then bam it all stopped in January/February of 2003. We've called Jettis and have been told that the bank hasn't released any of the reserves in the past 8 months.

Are any of you (other jettis clients) seeing the same thing?

If the bank is not paying Jettis their reserves is this a sign that Jettis is in some trouble? Why else would the bank hold back reserves for 6+ months? Ibill and ccbill have been paying their reserves on time like clockwork. I'm surprised nobody else has bothered to bring this up. Are we the only one not getting our reserves?

Shap · 09-08-2003, 06:46 PM

Wow. Three hours, not one reply. Is this not something of importance? If ibill missed a reserve payment this would be a 10 page long thread. How come Jettis not paying reserves isn't worth talking about?

boneprone · 09-08-2003, 06:47 PM

Hey shap!
Always a pleasure to see you here at GFY.

Give it some time.
Im sure someone will reply to your post here in a bit.

Juicy D. Links · 09-08-2003, 06:48 PM

Hey yo Shap

Fletch XXX · 09-08-2003, 06:50 PM

This processor stuff is scary.

TheFLY · 09-08-2003, 06:57 PM

Time to jet?

scoreman · 09-08-2003, 07:21 PM

bumpity bump bump
bumpity bump bump
looka that shapster go....

directfiesta · 09-08-2003, 08:09 PM

sorry, using Ibill

but bump...

KRL · 09-08-2003, 08:17 PM

If they are 2 months past their stipulated payout period you can initiate a lawsuit to get your money plus damages for not having use of it, unless there is a clause giving them a right to go to 8 months.

Time to start using lawsuits to get what's owed.

OneHungLo · 09-08-2003, 08:35 PM

Quote:

Originally posted by KRL
If they are 2 months past their stipulated payout period you can initiate a lawsuit to get your money plus damages for not having use of it, unless there is a clause giving them a right to go to 8 months.

Time to start using lawsuits to get what's owed.

Hi you wouldn't happen to know If you file a lawsuit before they bankrupt the company does bankruptcy still protect them?

the indigo · 09-08-2003, 08:38 PM

This sounds exciting for the future.

KRL · 09-08-2003, 08:40 PM

Quote:

Originally posted by OneHungLo

Hi you wouldn't happen to know If you file a lawsuit before they bankrupt the company does bankruptcy still protect them?

When you file a bankruptcy everything stops.

Except the IRS.

SleazyDream · 09-08-2003, 08:41 PM

i'm getting some relased on online checks.................

OneHungLo · 09-08-2003, 08:48 PM

Quote:

Originally posted by KRL

When you file a bankruptcy everything stops.

Except the IRS.

shit so basically they can just drag the lawsuit as long as possible and then file BK and ya still screwed up the wazoo right?

But what if they took your funds and used them for other things and didnt pay you what was rightfully yours?

DTK · 09-08-2003, 08:50 PM

the silence is puzzling for sure as Shap couldn't be the only one experiencing this. It does help explain why a certain very big program dropped them quite some time ago

bummer

good luck Shap & others

Dax · 09-08-2003, 09:59 PM

Great I just sent my money like 10 days ago to use them... GREAT to hear this! =(

SleazyDream · 09-08-2003, 10:02 PM

if i remember right - and dont' quote me, but i think they made a post some time ago that they would use reserves on existing clients to pay the visa fees?

maybe that's why the reserves were held a little longer?

Kjell · 09-08-2003, 10:21 PM

Hey Shap,

I won?t speak about your specific account in a public forum, but you?re welcome to call me if you?re not happy with our risk departments handling of your issues. In fact, I would appreciate hearing from you. I will say that we are certainly well within the confines of our contract in our handling of your situation. As you know, Jettis does not get to hold the reserve balances of our clients, our bank does. Some banks, including ours, are increasing reserve requirements in response to the latest card association regulations of MasterCard and Visa and increased scrutiny of our industry in general. Jettis simply follows in the footsteps of the bank. The fact is that Jettis is doing better than ever and has very strong banking relationships. We expect to begin releasing reserves very soon as the bank is very close to reaching their desired thresholds. Our conservative approach to processing is the reason that we believe that Jettis is positioned to remain standing when the dust finally settles.

We do appreciate your business. Call me sometime and we can talk about the latest processing issues facing the industry and your account specifically.

Kjell Petridis
President
Jettis, Inc.

SleazyDream · 09-08-2003, 10:23 PM

now that's what I call DEDICATED. it's 12am here.

GrimShawn · 09-08-2003, 10:26 PM

Dax · 09-08-2003, 10:49 PM

Quote:

Originally posted by Kjell
The fact is that Jettis is doing better than ever and has very strong banking relationships. - Our conservative approach to processing is the reason that we believe that Jettis is positioned to remain standing when the dust finally settles.

Kjell Petridis
President
Jettis, Inc.

That is pretty much what Globill said.. I wish there was a way to really cross check billers so we can feel a bit better about them... =\

Kjell where can I call you?

Kjell · 09-09-2003, 08:14 AM

Dax,

You can reach me at 1-800-4-JETTIS. Ask for extension 229. Please be patient if you need to leave a message. I'm out of the office today but I always return messages.

Kjell

Kjell · 09-09-2003, 08:15 AM

DTK,

I'm not sure which "very big program" you are referring too, but I can tell you that this issue had nothing to do with it. We did lose a significant client due to banking requirements that we were forced to follow. Neither our client, nor Jettis was happy about the situation, but unfortunately we did not have a choice and we were forced to part ways.

Kjell Petridis
President
Jettis, Inc.

09-08-2003, 03:46 PM	#1
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	No Jettis Reserves Being Paid Hi. I know there is a large PRO-Jettis crowd here on GFY. That's cool. This isn't a Jettis-bash session. I have a legit concern regarding how / when they have been releasing their reserves. For all Jettis clients, have you had any of your CC Reserves released in the past 8 months. We were receiving our reserves without a problem and then bam it all stopped in January/February of 2003. We've called Jettis and have been told that the bank hasn't released any of the reserves in the past 8 months. Are any of you (other jettis clients) seeing the same thing? If the bank is not paying Jettis their reserves is this a sign that Jettis is in some trouble? Why else would the bank hold back reserves for 6+ months? Ibill and ccbill have been paying their reserves on time like clockwork. I'm surprised nobody else has bothered to bring this up. Are we the only one not getting our reserves?

09-08-2003, 06:47 PM	#3
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	Hey shap! Always a pleasure to see you here at GFY. Give it some time. Im sure someone will reply to your post here in a bit. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids.

09-08-2003, 06:50 PM	#5
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	This processor stuff is scary. __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

09-08-2003, 07:21 PM	#7
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	bumpity bump bump bumpity bump bump looka that shapster go.... __________________

09-08-2003, 08:09 PM	#8
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,776	sorry, using Ibill but bump... __________________ 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 ....

09-08-2003, 06:46 PM	#2
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	Wow. Three hours, not one reply. Is this not something of importance? If ibill missed a reserve payment this would be a 10 page long thread. How come Jettis not paying reserves isn't worth talking about?

09-08-2003, 06:48 PM	#4
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	Hey yo Shap

09-08-2003, 06:57 PM	#6
TheFLY So Fucking Banned Join Date: Jan 2001 Location: http://www.thefly.net/ --- Quit your job and live off steady traffic. Posts: 11,856	Time to jet?

09-08-2003, 08:17 PM	#9
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	If they are 2 months past their stipulated payout period you can initiate a lawsuit to get your money plus damages for not having use of it, unless there is a clause giving them a right to go to 8 months. Time to start using lawsuits to get what's owed. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

09-08-2003, 08:38 PM	#11
the indigo Confirmed User Industry Role: Join Date: Sep 2001 Location: North America Posts: 2,016	This sounds exciting for the future.

09-08-2003, 08:41 PM	#13
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	i'm getting some relased on online checks................. __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog. Last edited by SleazyDream; 09-08-2003 at 08:44 PM..

09-08-2003, 08:50 PM	#15
DTK Confirmed User Industry Role: Join Date: Feb 2002 Location: The 510 Posts: 4,545	the silence is puzzling for sure as Shap couldn't be the only one experiencing this. It does help explain why a certain very big program dropped them quite some time ago bummer good luck Shap & others

09-08-2003, 09:59 PM	#16
Dax Confirmed User Industry Role: Join Date: Apr 2002 Location: USA Posts: 3,161	Great I just sent my money like 10 days ago to use them... GREAT to hear this! =(

09-08-2003, 10:02 PM	#17
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	if i remember right - and dont' quote me, but i think they made a post some time ago that they would use reserves on existing clients to pay the visa fees? maybe that's why the reserves were held a little longer? __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

09-08-2003, 10:21 PM	#18
Kjell Registered User Join Date: Dec 2001 Location: westlake village Posts: 32	Hey Shap, I won?t speak about your specific account in a public forum, but you?re welcome to call me if you?re not happy with our risk departments handling of your issues. In fact, I would appreciate hearing from you. I will say that we are certainly well within the confines of our contract in our handling of your situation. As you know, Jettis does not get to hold the reserve balances of our clients, our bank does. Some banks, including ours, are increasing reserve requirements in response to the latest card association regulations of MasterCard and Visa and increased scrutiny of our industry in general. Jettis simply follows in the footsteps of the bank. The fact is that Jettis is doing better than ever and has very strong banking relationships. We expect to begin releasing reserves very soon as the bank is very close to reaching their desired thresholds. Our conservative approach to processing is the reason that we believe that Jettis is positioned to remain standing when the dust finally settles. We do appreciate your business. Call me sometime and we can talk about the latest processing issues facing the industry and your account specifically. Kjell Petridis President Jettis, Inc. __________________ www.L3Payments.com

09-08-2003, 10:23 PM	#19
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	now that's what I call DEDICATED. it's 12am here. __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

09-08-2003, 10:26 PM	#20
GrimShawn Confirmed User Join Date: Oct 2002 Location: BONEPRONE MANSION serving drinks! Posts: 8,120	wow

09-09-2003, 08:14 AM	#22
Kjell Registered User Join Date: Dec 2001 Location: westlake village Posts: 32	Dax, You can reach me at 1-800-4-JETTIS. Ask for extension 229. Please be patient if you need to leave a message. I'm out of the office today but I always return messages. Kjell __________________ www.L3Payments.com

09-09-2003, 08:15 AM	#23
Kjell Registered User Join Date: Dec 2001 Location: westlake village Posts: 32	DTK, I'm not sure which "very big program" you are referring too, but I can tell you that this issue had nothing to do with it. We did lose a significant client due to banking requirements that we were forced to follow. Neither our client, nor Jettis was happy about the situation, but unfortunately we did not have a choice and we were forced to part ways. Kjell Petridis President Jettis, Inc. __________________ www.L3Payments.com