bump for cool looking game :pimp

Bump for where's my fucking money.

:disgust

It would appear that fraud has a new address.

:disgust

good luck getting your money everybody

Thanks bud. We're going to need it. But we have them tracked down to their business, and home addresses. Luckily for them, they are in Canada.

:disgust

someone should make copies of this thread in case it goes offline ...

there are lots of gfyers in canada...espcially in montreal...but paymonde will prolly pay the ppl closest to them to keep them off there backs...

That's fucking bullshit.

:321GFY :321GFY :321GFY :321GFY

But smart thinking on their part.

:disgust

bump

:thumbsup

An update, and the official statement. Much thanks to Miura for pointing it out.

No more "hope" and crossing your toes. It's a waiting game, or a write off.

:disgust

Dear PayMonde Merchants,

PayMonde is going out of business. We'd first like to assure you that we are currently working with our processor to ensure that we receive your money in order to pay you out. Unfortunately, there will be some delays, but we are working to resolve this as quickly as possible. We'd like to take this moment to thank you for your patience, to thank you for your support throughout the years, and to wish you luck and fortune in the future.

The Management
PISO
U12 Gamma Commercial Complex
CBD Subic Bay Metropolitan Authority
Subic Bay Freeport, Olongapo City, Philippines

https://www.paymonde.com/Merchants/

Isn't that lovely... nice of them to put the main page back up so we could navigate to the merchant area and find that message... oh wait they didnt do that.

Why wouldn't they send an email to all merchants as well? :mad:

Thanks to the original poster. :thumbsup

Paymonde Goes Out of Business
By Steve Javors
Wednesday, November 15, 2006

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MONTREAL ? Third-party payment processor Paymonde has officially gone out of business, CEO Howard Cohen told XBIZ. The company?s demise came after its bank in the Philippines lost acquiring rights to process Mastercard transactions.

?We weren?t left with much of a choice but to go out of business,? Cohen said. ?We have not received payment from the bank, and until we do so, I cannot pay what is owed out of my own pocket. I?m fed up with being beaten up on the webmaster boards. We?re trying to do our best in what is a shitty situation for everyone involved.?

The bank owes Paymonde three weeks of payments and had promised him a settlement Friday, but has still not made good, Cohen said. Cohen could not offer a timetable for webmasters to hear about money owed.

?I want to let everyone know I?m not running away,? Cohen said. ?I?d like to thank all the webmasters that did business with us over five years for their trust and support. I feel terrible for all involved. I?m not a crook. Paymonde is not iBill.?

Cohen promised to evaluate each one of Paymonde?s merchant accounts ?on their own merits.? He said the company is planning to contact every webmaster that is owed money about their financial status, including the amount they are owed.

?What I hate about this whole situation is people on the boards calling me a thief and a scumbag,? Cohen said. ?We tried to take care of all of our clients. I know many of them personally. We were at the shows. We never hid from anybody. We charged lesser percentage [per transaction] than others. And also, everyone should know the big guys like Paycom or CCBill are not immune to this. If their processing gets pulled, how can they pay??

While the Paymonde website is down, Cohen said the company will allow clients into their backend to check on their financial status if they contact him by email.

http://xbiz.com/news_piece.php?id=18162

Further proof.

Howie is keeping the big fish happy so he might.. just might.. be able to do SOMETHING in this industry once this shit's over.

Well I can promise you this Howie.

Until I have every nickel you owe me, I will continue to hound you. Bump threads, and dig up your new ventures. Making sure that anyone, and everyone knows you are a fucking crook.

So take that for what it's worth.

I did what your XBiz b.s. commentary said. You still have not provided me access to my account via your back channel, nor have I see one of the missing payments. Much less the full amount hit my account.

So keep prioritizing who is getting paid, and trying to work some good graces.

I am more than happy to keep hounding you until you make good on your promises of access, and payment, of every fucking dime.

:disgust

according to a thread on ynot, paymonde are paying out :)

http://www.ynot.com/index.php?name=P...73202#57 3202

they havnt paid us yet though :)

Interesting that Markham is vocal over there, despite the dozen or two iMonde threads on GFY.

Things that make you go hmmm

:Oh crap :Oh crap :Oh crap

2006-11-15

Paymonde Shuts Down
By: Ken Knox
Posted: 5:50 pm PST 11-15-2006


MONTREAL - It?s official. Following weeks of rumors and speculative posts on webmaster forums, third-party payment processing company Paymonde has gone out of business.

-advertisement-
According to the company?s chief executive office, Howard Cohen, the decision to shut the company down came after its bank in the Philippines lost acquiring rights to process MasterCard transactions. ?We didn?t want to shop around and just place merchants anywhere,? Cohen told AVNOnline.com. ?We wanted to have something stable, so we just decided to shut down.?

Cohen said that the bank owes Paymonde three weeks of payments. Although a settlement was promised for last Friday, the bank did not follow through.

?It kills us to [close down],? said the audibly shaken Cohen. ?We had so many big plans and such positive momentum.?

Cohen stressed that the choice to shut the company down was made to spare webmasters any further detriment. ?I didn?t have to pull the plug. We still had Visa; we could have continued processing, but I didn?t see the payments coming in [from the bank], and I didn?t want to owe the webmasters more money. We weren?t going to keep processing them not knowing if we were going to get the money, so I just said, ?That?s it, guys. We?re done.??

Although an official statement by the company had yet to be made, Cohen said he had placed an announcement on the site?s back-end and personally contacted several clients to let them know the news. At press time, the site was inactive. ?I feel [terrible] about it,? he bemoaned. ?We worked hard. We were always out there on the forefront, and we really cared about our webmasters. It?s unfortunate what happened. That?s it. Five years in the business, and that?s it.?

Cohen said he was particularly disheartened by recent posts made on webmaster boards. ?Everybody went ballistic, saying we stole their money. They were saying it before their payouts were even late. To see what?s going on on the boards?seeing people threaten us and say that we ran away with their money?it hurts me. It?s not the case.?

Cohen told AVNOnline.com that he sees Paymonde?s implosion as a cautionary tale. ?We got into a bad predicament. It could happen to CCBill; it could happen to Epoch. Those guys are not protected. Their banks could say, ?That?s it.? No one is safe.?

Although Cohen could not offer a timetable for webmasters to receive money owed, he promised he would do his best to reimburse them on a case-by-case basis. ?We?re good businessmen,? he said. ?We?ll take care of everybody as we can.?

100...........