Use Nexus XI? Hope not
 

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.