Ok who is still owed money by PSW?
 

Hands up please...

I am. But even though they are supposed to release my reserve, they continue to (illegally) hold onto all of it for "fear of future chargebacks!" (I had a whopping total of FOUR out of over 100 signups with them in like 5 months or so).

But they give you the run around when you call, and/or won't respond when you email them.

They're scum..not unlike other billing companies that eventually went out of business.

You had 4 out of 100 CB's? That's 4%. Not good.

most billing companies before they crash and burn take all the affiliates money and make excuses

it's smart business for them to cover their ass and do this

look at dmr :)

Remember the 100 rule?
This is also over a 5 month period..not one month.
Not to mention that 3 of the chargebacks were due to failure of PSW software to issue them a working id & pw!

I am still owed money, I haven't seen any for 3 months. I actually sent them an email yesterday, we'll see what they say...

Darren have they paid you anything at all? Didn't they owe you something like $250k?

bump

paid me $8k yeeepi.

they hurt me bad

35 dolluh in all

pisses me off

Bump.

I got a reply from them basically saying that their old bank is still withholding funds, so at this time I will only be paid for transactions past September 10th.

"We are proceeding with legal pressure to retrieve these funds."

we are still missing wires and i am sure more will be missed.

bump

ok, still no money and no FUCKIN answers. Does anyone have a clue what the deal with psw is. Has anyone been told when we might see some money? I usually don't post, especially negative ones, but i have had it with psw.

They owe me a couple k, too. I doubt I will ever see anything... Last wire I received was 2.5 months ago.

bump

expect them to declare bankruptcy or some shit soon

:mad: I hope not

anybody get any wires today? another wednesday and no payment.

I received a check yesterday, first one I have seen in months. Looks like it covers the week past September 10th. See my earlier reply in this thread regarding release of funds before that date.

another day and no wires.

I must post that we did receive a wire today. we still have many to go. It would be very nice if they can just go out every wednesday. we need stability and consistency.

John Lombardi - it would be nice if your company sent out an email memo stating your status with banks, etc.... Not nice to be left in the dark while being owed money.

.

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Ok who is still owed money by PSW?
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Everyone?

I'm seeing a lawyer tomorrow to discuss the possibility of suing PSW for the money they owe me. I've spent today emailing webmasters of sites using PSW to ask them whether they'd been receiving payments from PSW (I was beginning to wonder if I was the only one), and if not, whether they'd be interested in putting their name to a collective lawsuit.

PSW has made my life hell for the past 4-5 months. Not only have they not paid me, they told me that my checks (for overdue back payments) had actually been posted out to me. As I have just recently moved to Spain and am relying for most of my income from my webite subs, I had to borrow money from friends, avoid paying my rent etc (not a happy situation), and *then* borrow more money on the strength of PSW's assurance that they had actually mailed out my back payments - which never arrived, of course.

And throughout all of this PSW is still collecting hundreds of dollars pw from my website.

****

BTW, has anybody actually contacted Visa or Mastercard to find out whether they have, in fact, witheld funds from PSW? It sounds dubious to me.... Surely it would be illegal for a bank to withold funds that had been legitimately deposited, and which belonged to other people?
Or am I missing something?

In any event I don't see how this has anything to do with me. If PSW can't pay their customers, they shouldn't be in business.
What is even more infuriating to me is that they are still accepting new accounts, and claiming on the website that they end out "weekly, on time payments".

As far as I can see, they're just a gang of crooks.

*bump*

This is getting really messy, PSW do not offer itemised details of checks sent on their web interface so it's anyones guess what the checks that are arriving actually cover. Even the list they manually sent me showed some checks as sent when they were actually withheld.

Seems psw's modus operandi is instead of going out of biz, they say they are in biz and put out a few bucks here and there to a few people, telling others that "we mailed the check", but of course you never get them, or something technical comes up (like holding your reserves..hmmm...they've held mine now..about 6 months past the time they were supposed to start paying them back for fear of future chargebacks..and todate..ZERO chargebacks..but I haven't gotten my reserves atall).

I used to think politicians and lawyers were the scum of the earth..now I've found lower scum!

or sending checks that then bounce.

theres no way they can stay in bizness now surely with the new visa law etc, everyone as dropped them so they can not be doing transact volume to cover the CBS.....

surely the next reason they wilkl tell u that u will never get paid is because u broke the 1% cb limit.

and fuck me what do i get in my email today:

It has been brought to our attention that your account has accrued a high chargeback rate relative to its sales volume. Within a recent 60 day window, your account has had activity as follows:



Total Sales: $2279.15

Chargebacks: $69.95 (5.88% of transactions, 3.1% of total sales)



The credit card companies (Visa and Mastercard) require us to keep chargeback rates below 1% at all times. Therefore, your account is now closed with us. All rebills have been cancelled and all payouts will be held until such time as we can ascertain the effect of chargebacks on your reserve withholding and account balance.

now fucking hell... there withelding my money... nothing new there then.... went through all stats properly for lawyer the other day turns out to only be 300K they owe us, not counting the reserve!

Oh shit. I mentioned to someone else to move processors yesterday, but I also added that they should keep PSW for some initial transactions so that the chargeback levels wouldn't end up going crazy due to the delay between the trans and chargeback dates. As an afterthought I mentioned that artificially high chargeback could give PSW an excuse to cancel the account and withhold all of the funds (including reserves) for an indefinite period.

Looks like you've been screwed in exactly that way, Darren. Sounds like you have enough $ to mount something serious. Go get 'em.

Did you back off on the initial transactions with PSW after their problems started or is that an accurate chargeback figure?

I'm still waiting for my last Xpics check:helpme

i still do some transacts eg rebills with them about 12k or so a week, it turns out above account is one owned by a friend of mine and his as been put on reserve hold etc but he as not been getting payments either...

PSW are amazing i stook by them but ust got shit after shit on the phone.. I believed it but having soon literally nothing in 3 months its time for next action.

crazy i thought psw was good

someone i talked to the other day was going to use psw for their new paysites. ouch! i sent them here - hopefully they did a search

Damn man..I hope your lawyer goes after them with both barrels!
300k!?!

we are still missing wires. What bothers me the most is that no one from the company has made any public statements regarding their problems, issues. They are keeping all their customers in the dark.

the other thing is that they are now using a new bank with a new processing Descriptor and they have not changed the descriptor on their join pages. Instead of the pswhelp descriptor now customers credit card statements say Jp Media Inc. And they have not changed the descriptor info on the join pages to reflect this.

wait so ur saying uve been paid for all money owed???

darren,

if you are asking me, Hell No, we still have not been paid many wires.

Has anyone spoken to PSW? we have been calling for 3 days now and no one answers the fuckin phone there.

Bump

They owe me atleast 10k... the last check I received was for the pay week of 7/23/03...

Has anyone received payment beyond that?

-Xinnov

this sounds as bad ad the globill fiasco, good luck getting paid Darren, thats a boatload of cash to loose...

:(

yeah but they will be in barbados in no time soon... probably no one even in the office...

Eileen, John if your reading this u have my number... Ive been very reasonable and still....

damn where is their office located?

anybody seen j lo 's new video ?

darren, we are also being very reasonable here. THey need to pick up the damn phone, send out emails. Do something. at this point, i will say it again, PSW is very unprofessional. Lombardi needs to get out from under his desk, grow some balls and put out a public statement.

anyone hear anything or talk to them today? I am trying to be optimistic regarding this situation, but PSW is not helping

i was optomistic 3 mnths ago.

$3k down and 5 months later, I gave up a while ago.