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

Adult Site Traffic · 11-16-2004, 07:40 PM

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.

JFK · 11-16-2004, 07:41 PM

FUCKING BANKS

Adult Site Traffic · 11-16-2004, 07:44 PM

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.

Adult Site Traffic · 11-16-2004, 07:45 PM

Quote:

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?

johndoebob · 11-16-2004, 07:47 PM

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?

nudecanada · 11-16-2004, 07:47 PM

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

doober · 11-16-2004, 08:34 PM

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

JakeR · 11-16-2004, 08:38 PM

Quote:

Originally posted by JFK
FUCKING BANKS

yeah, blame the banks because a shitty processor cant follow the rules

BIGTYMER · 11-16-2004, 09:00 PM

Quote:

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

Argoz · 11-16-2004, 10:12 PM

What kind of "breach of contract"??

BigL · 11-17-2004, 05:46 AM

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

xclusive · 11-17-2004, 05:50 AM

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...

Adult Site Traffic · 11-17-2004, 06:17 AM

Quote:

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

11-16-2004, 07:40 PM	#1
Adult Site Traffic Confirmed User Join Date: Mar 2003 Location: South-East of the Border of Disorder Posts: 5,093	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!! ::.

11-16-2004, 07:41 PM	#2
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	FUCKING BANKS __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

11-16-2004, 07:44 PM	#3
Adult Site Traffic Confirmed User Join Date: Mar 2003 Location: South-East of the Border of Disorder Posts: 5,093	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!! ::.

11-16-2004, 07:47 PM	#5
johndoebob Confirmed User Join Date: Mar 2004 Posts: 3,405	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? __________________

11-16-2004, 10:12 PM	#10
Argoz Confirmed User Industry Role: Join Date: Aug 2002 Location: Qc Posts: 3,006	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.

11-16-2004, 07:47 PM	#6
nudecanada Confirmed User Join Date: Jan 2004 Location: Canada Posts: 793	See what happens when you run adult transactions through a mainstream merchant account?

11-16-2004, 08:34 PM	#7
doober Confirmed User Join Date: Jul 2003 Location: in yoOoo kitchen Posts: 6,984	I must not be up to speed cause the first time I ever heard of them was last week.

11-17-2004, 05:46 AM	#11
BigL Registered User Join Date: Apr 2002 Location: Canada Posts: 40	Adult Site Traffic, the Nexus XI check you received - which pay period is it from?

11-17-2004, 05:50 AM	#12
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	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 /