webmaster checks ok to deposit now
 

at least according to sapphic cash. this is from their email just received:

We have received word from Webmasterchecks that their account has been unfrozen, and their checks are clearing now.

If you have any checks from us from Webmasterchecks, it is ok to deposit them now.


anyone else?

I had not saw any "official announcement" yet.

I would assume rabbit is in the know.

That is good news. Nice to see some.

Please tell me it is so.

I'd be ecstatic if this was true!

Any word yet from Webmaster Checks?

Official word coming shortly and it's good news ;)

Lets hope so fingers crossed

I received the sapphiccash email also..

Yep.... Looks like good news coming from WMC!!!! :thumbsup

You should ask yourself why the accounts were frozen and when it will happen again dont you think?

That will all be answered as well I am sure.
WebmasterChecks is a quality company.
They are aware of your questions no doubt...

That's good news, let's hope they have things all cleared up now.

So shouldent they have been answered already?
Im really not trying to stir shit up here, im not that guy, but the history of this industry has shown that when stuff like this happens its not good.

Look at GTbill

ill leave it at that :)

I never knew GTbill had great reputation? They were just one of many that tried to jump in the adult space and didn't know what they were doing. Webmaster Checks is a much more solid company but I do agree that depending on reasons I would be leery. :upsidedow

Not sure how they would have answered them 'already.' lol
They will answer your questions when they post... obviously. :2 cents:

we got good news from them too

I am quite sure many here think that updates from Webmasterchecks would have been prudent.

This whole debacle has cost them business!

I am quite sure anyone who has ever hired an attorney knows that the first thing you are told is 'do not make any public statements or comments until this is resolved.' :2 cents:

If they were indeed dealing with the federal government, they would not and should not be posting details about the situation publicly, specifically when the whole ordeal is still going down. Once it's all over, I'm sure they will start to address those issues.

They have released much more information than GTbill ever did.

Email from Webmaster Checks:


Let me first say that I am very pleased to announce this news we just found out.

All Webmasterchecks’ accounts are being reactivated by the Department of Justice and our business is resuming normal operations. Any checks that were issued from our US Bank account will be able to be cashed and clear immediately. Our Bank of America account is moving more slowly and should be fully reactivated by tomorrow. Please have your affiliate’s hold Bank of America checks until we send out the confirmation that all is clear.

We would like to give you some background into our situation. When we started researching doing this type of business in 2003-2004, before launching in 2005, we discovered there were not any similar types of businesses that did what we do. Looking further into it, we discovered that many had been turned off by the government for sending out gambling payments or acting without compliance to important anti-money laundering rules, or because they had issues managing their funds and became insolvent.

Knowing this, while building Webmasterchecks, we formed extensive due-diligence procedures to comply with the Patriot Act, Bank Secrecy Act, Anti-Money Laundering laws, Office of Foreign Assets Control (OFAC), Know-Your-Customer, UIGEA (gambling), registered with the Treasury Departments Financial Crimes Enforcement Unit, and took many other precautions. To give you an idea, an AML/BSA Risk Assessment typically runs 70k+, not to mention the Independent Audits and so forth.

During our business continuity audits, we had never expected our bank accounts to be frozen with no previous notification to us or our attorneys. To help prevent this from happening again in the future, our attorneys are proactively in the process of contacting all government agencies that have the authority to do these types of freezes, indicating our willingness to cooperate fully and establishing a relationship so that they can contact us directly in the future if any questions arise.

As stewards of our clients funds, we take these matters very seriously. We hired the right attorney, retained attorneys at a large Washington DC firm including a former assistant US Attorney General and general council to the Department of Homeland Security and got the matter resolved as quickly as possible.
In the next several days we will be providing you with a letter from our banks indicating that we are in good standing, a letter from our attorney with an explanation of what happened, and our attorney is meeting with the Assistant Attorney General of Maryland in the next several days to request a letter of explanation of what occurred, as well as a statement that they have found that we have not acted improperly in any way, and we will pass this over as well.

Webmasterchecks is moving forward. We understand the government has an important role in regulating all banking activity and we will continue to comply with all of the best practices established.

We look forward to resuming all operations and thank everyone for their patience while we resolve this matter fully.

this includes old checks or just new checks?

um, you should ask yourself how many companies in this business would survive the US Justice Department sticking a microscope up their ass and poking around, and still come out ok

Give them a few days to work out all the details as to what to do.... I think we all should be pleased that things are working out for Webmaster checks and their clients. Good Job WMC!

sweet news

Usually there is a reason for them to do that in the first place.

HOWEVER
fucking-around-and-business-discussion/966831-webmasterchecks-issue-resolved.html

good news!!

niiiiiiiice

great news!

Awesome news!

Great news :thumbsup

.............

So now they work for the feds

No retard, they are running a proper business... :321GFY

No the federal government runs that business retard

Kinda of a big jump from them cooperating w/ the gov. / trying to make sure this doesn't happen again to the feds run their business / they work for the feds.

I think them taking proactive measures to prevent any mishaps like this in the future is a smart move that shows they're in it for the long haul, and would be more concerned if they didn't take some sort of preventative measures to avoid future incidents like this.

Like someone else said earlier in the thread, how many other companies in this industry can go through this and get it resolved as quickly or if at all. I think most people here would shit themselves and run for cover if the doj came knocking.

:2 cents:

I am glad to see they came out of this as well as they did. Having the govt up your ass is never a good thing and it goes to show that REAL companies need to have lawyers know the law and do whats right or one day they will be fucked. good job WC on doing the right things.

What the fuck are you talking about, Jesus! the IQ level on GFY gets lower every day...:1orglaugh:1orglaugh

:thumbsup:thumbsup

You are being too kind by saying mhende6600 is a retard.
Most retards know the difference between proactive compliance and 'working for the government.' :1orglaugh

Apparently in his mind anyone who pays taxes, carries a drivers license or gets a gun permit is also 'working for the government' since they proactively contact government agencies as well..

Listen this business is very fragile at the moment. Trusting your money with a company that has had their account frozen is just plan stupid. If companies want to deal with them again fine but I would not do it. So don't start crying when you don't get your check or something else happens with this company. They are on the radar so are all the companies dealing with them and all the affliates. Calling me names will not fix this issue.

On the radar and approved is in many ways better than not on the radar.
Every company has adversity... the successful ones are the ones capable of overcoming it.

*For the record, I never called you any names.
I simply pointed out that I believe retarded people would be able to understand the distinction. :winkwink:

You guys bank them first and let me know if they clear.

Thx ;)

I understand where your coming from but i also agree with the poster below that statement that says on the radar and approved is in many ways better then not on the radar at all.

Say you go w/ an alternative, their not on the radar. What happens when the doj / gov decides to scrutinize them closer, are you sure they can stand up to it / survive the ordeal? While it's now obvious that webmaster checks can, i highly doubt some of the alternatives mentioned around here could do the same (hell some of the 'alternatives' can't even keep their website up).

I would also like to state that the probability of this happening to WMC AGAIN is slim to none. Just about every other payment processor out there is more likely to have the DoJ look into them... I'd say they're the safest bet to do business with/through at the moment.

Think of this as what it is, an investigation into WMC... you've just had the full weight of the government's biggest most scrutinizing eye all up in their business... and they came out the other side without a charge.

IMO this makes the WMC look very, very good...

That's great news for everyone!

Thanks for adding something to convo instead of the crazy shit posted above and its a good point but also have to wonder as mentioned "On the radar and approved is in many ways better than not on the radar." :pimp

I'm not here to argue. I want my money like everyone else. So with that I hope they worked everything out and everyone gets paid.:thumbsup

Ask yourself this question...

How much would most billing companies be willing to pay for a letter from the DOJ saying "This company is operating in a completely legal and ethical manner.' A letter like that would add quite a big amount of positive weight to any sales pitch. I am sure WMC would rather none of this ever had happened, but in the end I think they are actually in a better position now than they were before any of this happened. :2 cents:

Blows the doors off of any BBB or third party certification program out there ;) I would regard it as the penultimate certification :P

this is a good news great............