PSW billing out of business - GoFuckYourself.com

playa · 11-25-2003, 07:04 PM

i hope this ain't true

Due to circumstances beyond our control, PSW Billing has been forced to
cease processing.

This situation has caused great distress for our staff, and of course
for our clients.
We appreciate the continued support and positive feedback from our
concerned friends and collegues as we continue our fight on the legal
front.

PSW will remain in business and continue to fight for clients' funds
for as long as it takes.* All clients will be paid in full as funds are
released by the banks. We will keep you informed in future emails.

Rest assured that any outstanding payouts due to you are currently 100%
intact and have not been fined or assessed in any way. Our lawyers are
working diligently to have all funds released and available for
immediate payout as we receive them. We truly appreciate your patience
in bearing with us while this is being sorted out. We understand the
hardship this has placed on everyone, so please understand that we are
doing everything in our power to get your money to you as quickly as
possible.

As a sign of good faith, PSW has made arrangements for a smooth
transition of your accounts to Jettis, at a deeply discounted rate of
12%. This rate is guaranteed for 6 months from activation. In addition,
Jettis has agreed to maintain the discounted rate of 12% for as long as
your chargeback ratio stays below .75%.

All that is needed from you to take advantage of the 12% rate is to
reply to this email with the URLs you wish to setup. We will facilitate
the transfer of your account to Jettis as quickly and smoothly as
possible.

Again, although we have ceased processing, our remaining staff will be
continuing to 'fight the fight' for this industry, and to retrieve 100%
of your funds.

We hope to have your continued support through these difficult times.

Sincerely,
PSW Billing

[email protected]
- - - - - - - - - - - - - - - - - - - -
Past articles and news items:
http://www.pswbilling.com/news/

boneprone · 11-25-2003, 07:05 PM

pamphage · 11-25-2003, 07:07 PM

go jettis! >

jact · 11-25-2003, 07:07 PM

Wow, I hate being right.

StuartD · 11-25-2003, 07:07 PM

You'd think they'd have something about it on their site before they send out an email.... right?

BradShaw · 11-25-2003, 07:08 PM

CURSE of CECASH. I believe they were using them for a while.

playa · 11-25-2003, 07:08 PM

damn what about my $750 visa reg fee

pamphage · 11-25-2003, 07:08 PM

Quote:

Originally posted by MaskedMan
You'd think they'd have something about it on their site before they send out an email.... right?

globill didn't. :-)

Sly_RJ · 11-25-2003, 07:08 PM

Didn't this happen a while back?

Daymare · 11-25-2003, 07:08 PM

another one bites the dust

pamphage · 11-25-2003, 07:08 PM

Quote:

Originally posted by playa
damn what about my $750 visa reg fee

dust in the wind...all we are is dust in the wind...

doober · 11-25-2003, 07:08 PM

wasnt it obvious??

playa · 11-25-2003, 07:09 PM

i betcha that transition means another $750 fee

jact · 11-25-2003, 07:10 PM

Quote:

Originally posted by playa
i betcha that transition means another $750 fee

You got it.

pamphage · 11-25-2003, 07:13 PM

Quote:

Originally posted by BradShaw
CURSE of CECASH. I believe they were using them for a while.

the curse of CE CASH is their member sections.

spooky181 · 11-25-2003, 07:14 PM

I thought this was old news..

playa · 11-25-2003, 07:15 PM

What is disturbing is that this processor required the VISA reg fee. the other billers that dropped didn't require it

pamphage · 11-25-2003, 07:18 PM

Quote:

Originally posted by playa
What is disturbing is that this processor required the VISA reg fee. the other billers that dropped didn't require it

psw had a lot of other issues going on...just search the threads on them...

Cassie · 11-25-2003, 07:22 PM

Quote:

Originally posted by jact
Wow, I hate being right.

jact you stated this to me back in august i believe. i must come to you to find out my future

Krome · 11-25-2003, 07:28 PM

I dont understand why the banks are allowed to with old the fees.

homegrownmof · 11-25-2003, 07:31 PM

Quote:

Originally posted by playa
i hope this ain't true

Due to circumstances beyond our control, PSW Billing has been forced to
cease processing.

This situation has caused great distress for our staff, and of course
for our clients.
We appreciate the continued support and positive feedback from our
concerned friends and collegues as we continue our fight on the legal
front.

PSW will remain in business and continue to fight for clients' funds
for as long as it takes.* All clients will be paid in full as funds are
released by the banks. We will keep you informed in future emails.

Rest assured that any outstanding payouts due to you are currently 100%
intact and have not been fined or assessed in any way. Our lawyers are
working diligently to have all funds released and available for
immediate payout as we receive them. We truly appreciate your patience
in bearing with us while this is being sorted out. We understand the
hardship this has placed on everyone, so please understand that we are
doing everything in our power to get your money to you as quickly as
possible.

As a sign of good faith, PSW has made arrangements for a smooth
transition of your accounts to Jettis, at a deeply discounted rate of
12%. This rate is guaranteed for 6 months from activation. In addition,
Jettis has agreed to maintain the discounted rate of 12% for as long as
your chargeback ratio stays below .75%.

All that is needed from you to take advantage of the 12% rate is to
reply to this email with the URLs you wish to setup. We will facilitate
the transfer of your account to Jettis as quickly and smoothly as
possible.

Again, although we have ceased processing, our remaining staff will be
continuing to 'fight the fight' for this industry, and to retrieve 100%
of your funds.

We hope to have your continued support through these difficult times.

Sincerely,
PSW Billing

[email protected]
- - - - - - - - - - - - - - - - - - - -
Past articles and news items:
http://www.pswbilling.com/news/

Does this mean PSW is transferring a website'sentire processing database to Jettis or just present and future joins?

12% is a good deal but good luck staying at .75

Rich · 11-25-2003, 07:31 PM

I thought this happend a while ago, don't they owe Darren a couple hundred k or something?

Hooper · 11-25-2003, 07:33 PM

being an ipsp does not make one invincible to bad management.

psw had chargeback problems from what i understand, and they just kept getting worse because they treated most of their clients (ourselves included) like shit.

bottom line is their bank withheld funds. after a long enough time that has a bad effect.

i will also tell you this. billing companies going under is a self fulfilling prophecy. the more you post about a company going under, the more people hesitate to send transactions through. the fewer the transactions, the higher the cb rate.

who's next?

playa · 11-25-2003, 07:52 PM

This is just an email i got a few hours ago

RedShoe · 11-25-2003, 08:05 PM

Quote:

Originally posted by playa
i hope this ain't true

I uh.. I'd have to say at this point that aint no joke.

Centurion · 11-25-2003, 08:09 PM

OMG! This is truly shocking news!

Madball · 11-25-2003, 08:23 PM

Why am I not surprised? Anybody got word from Jettis on this?

chowda · 11-25-2003, 08:43 PM

whats the url?

Adult Site Traffic · 11-25-2003, 08:52 PM

How many times have I said "Get your own merchant account".

Of course, it requires more management ..

KCat · 11-27-2003, 04:00 AM

I'm surprised it took this long. You can't withhold webmaster money & expect to be getting new business. I'm sure most folks jumped ship when they first noticed their checks were missing some digits.

thetrog · 11-27-2003, 08:26 AM

Amazing how quickly things change.

A year ago lots of people were telling me how great they were.

Then the bad reports started coming in.

Katja · 12-03-2003, 12:23 PM

Webmasters who are owed money by PSW, please go to:

http://www.network54.com/Hide/Forum/272122

11-25-2003, 07:04 PM	#1
playa Confirmed User Join Date: Feb 2001 Location: atlanta, GA Posts: 6,432	PSW billing out of business i hope this ain't true Due to circumstances beyond our control, PSW Billing has been forced to cease processing. This situation has caused great distress for our staff, and of course for our clients. We appreciate the continued support and positive feedback from our concerned friends and collegues as we continue our fight on the legal front. PSW will remain in business and continue to fight for clients' funds for as long as it takes.* All clients will be paid in full as funds are released by the banks. We will keep you informed in future emails. Rest assured that any outstanding payouts due to you are currently 100% intact and have not been fined or assessed in any way. Our lawyers are working diligently to have all funds released and available for immediate payout as we receive them. We truly appreciate your patience in bearing with us while this is being sorted out. We understand the hardship this has placed on everyone, so please understand that we are doing everything in our power to get your money to you as quickly as possible. As a sign of good faith, PSW has made arrangements for a smooth transition of your accounts to Jettis, at a deeply discounted rate of 12%. This rate is guaranteed for 6 months from activation. In addition, Jettis has agreed to maintain the discounted rate of 12% for as long as your chargeback ratio stays below .75%. All that is needed from you to take advantage of the 12% rate is to reply to this email with the URLs you wish to setup. We will facilitate the transfer of your account to Jettis as quickly and smoothly as possible. Again, although we have ceased processing, our remaining staff will be continuing to 'fight the fight' for this industry, and to retrieve 100% of your funds. We hope to have your continued support through these difficult times. Sincerely, PSW Billing [email protected] - - - - - - - - - - - - - - - - - - - - Past articles and news items: http://www.pswbilling.com/news/

11-25-2003, 07:05 PM	#2
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	lol __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids.

11-25-2003, 07:07 PM	#3
pamphage Confirmed User Join Date: Jan 2003 Location: Hollywood, CA Posts: 3,569	go jettis! > __________________ 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.

11-25-2003, 07:07 PM	#4
jact Confirmed User Join Date: Sep 2002 Location: Oakville, Canada Posts: 9,134	Wow, I hate being right. __________________ Free agent

11-25-2003, 07:07 PM	#5
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	You'd think they'd have something about it on their site before they send out an email.... right? __________________ This is me on facebook This is me on twitter

11-25-2003, 07:08 PM	#6
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	CURSE of CECASH. I believe they were using them for a while. __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

11-25-2003, 07:08 PM	#9
Sly_RJ Live Hard - Die Hard Join Date: Feb 2002 Location: Ready to leave... Posts: 17,042	Didn't this happen a while back? __________________ PHAT SERVERS - Quality dedicated hosting at a quality price! sly AT phatservers DOT com - 147479144

11-25-2003, 07:08 PM	#10
Daymare Confirmed User Industry Role: Join Date: Feb 2002 Posts: 2,674	another one bites the dust

11-25-2003, 07:08 PM	#12
doober Confirmed User Join Date: Jul 2003 Location: in yoOoo kitchen Posts: 6,984	wasnt it obvious??

11-25-2003, 07:09 PM	#13
playa Confirmed User Join Date: Feb 2001 Location: atlanta, GA Posts: 6,432	i betcha that transition means another $750 fee

11-25-2003, 07:14 PM	#16
spooky181 Confirmed User Join Date: Jul 2003 Location: back of beyond Posts: 2,951	I thought this was old news..

11-25-2003, 07:15 PM	#17
playa Confirmed User Join Date: Feb 2001 Location: atlanta, GA Posts: 6,432	What is disturbing is that this processor required the VISA reg fee. the other billers that dropped didn't require it

11-25-2003, 07:28 PM	#20
Krome Confirmed User Join Date: Jul 2001 Location: London - UK Posts: 2,851	I dont understand why the banks are allowed to with old the fees.

11-25-2003, 07:31 PM	#22
Rich So Fucking Banned Join Date: Jan 2003 Posts: 11,486	I thought this happend a while ago, don't they owe Darren a couple hundred k or something?

11-25-2003, 07:33 PM	#23
Hooper Confirmed User Join Date: Jul 2001 Location: A Free America Posts: 2,210	being an ipsp does not make one invincible to bad management. psw had chargeback problems from what i understand, and they just kept getting worse because they treated most of their clients (ourselves included) like shit. bottom line is their bank withheld funds. after a long enough time that has a bad effect. i will also tell you this. billing companies going under is a self fulfilling prophecy. the more you post about a company going under, the more people hesitate to send transactions through. the fewer the transactions, the higher the cb rate. who's next? __________________ <a href="http://www.adultplatinum.com/"><img src="http://www.adult.com/wmbanners/10dcash-468x60.gif"></a>

11-25-2003, 07:52 PM	#24
playa Confirmed User Join Date: Feb 2001 Location: atlanta, GA Posts: 6,432	This is just an email i got a few hours ago

11-25-2003, 08:09 PM	#26
Centurion Confirmed User Industry Role: Join Date: Dec 2002 Location: SeATtle Posts: 6,033	OMG! This is truly shocking news!

11-25-2003, 08:23 PM	#27
Madball Confirmed User Join Date: May 2002 Location: Oslo, Norway Posts: 748	Why am I not surprised? Anybody got word from Jettis on this? __________________ <a href="http://www.homepageofthedead.com"><img src="http://board.gofuckyourself.com/images/globill_88x31.gif"></a>

11-25-2003, 08:43 PM	#28
chowda Confirmed User Join Date: Jun 2003 Location: Gooch city Posts: 9,527	whats the url? __________________ Someone finds you... 2007 PS: Nationalnet is the best host I've ever had. And i tried alot of them.

11-25-2003, 08:52 PM	#29
Adult Site Traffic Confirmed User Join Date: Mar 2003 Location: South-East of the Border of Disorder Posts: 5,093	How many times have I said "Get your own merchant account". Of course, it requires more management .. __________________ 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!! ::.

11-27-2003, 04:00 AM	#30
KCat Confirmed User Join Date: Sep 2002 Location: PNW Posts: 2,204	I'm surprised it took this long. You can't withhold webmaster money & expect to be getting new business. I'm sure most folks jumped ship when they first noticed their checks were missing some digits.

11-27-2003, 08:26 AM	#31
thetrog Confirmed User Join Date: Jun 2003 Posts: 157	Amazing how quickly things change. A year ago lots of people were telling me how great they were. Then the bad reports started coming in. Last edited by thetrog; 11-27-2003 at 08:28 AM..

12-03-2003, 12:23 PM	#32
Katja Registered User Join Date: Nov 2003 Location: Spain Posts: 3	Webmasters who are owed money by PSW, please go to: http://www.network54.com/Hide/Forum/272122 __________________ Katja