Paymonde Bites the Dust! - Page 2

Greenguy · 2006-11-16, 12:32 PM

Quote:

Originally Posted by Toby

Kudos to KennyB and IACash for their response to thier affiliates about this issue.

I was just coming by to post that - lol

It was announced this week that Paymonde (previously MyVirtualCard) has ceased operations; according to their website they are going out of business.

I want to assure you, regardless of the situation, you will be paid on all Paymonde/MVC sales and rebills made prior to today’s date. Unfortunately we have no control over the actions taken towards Paymonde/MVC by their banks, we will assume responsibility for our processor and pay affiliates in full.

Thank you for your understanding in this matter and your continued support. Please do not hesitate to contact me if you have any questions or concerns.

Thanks,
Kenny B!

Kenny B! · 2006-11-16, 03:08 PM

It was announced this week that Paymonde (previously MyVirtualCard) has ceased operations; according to their website they are going out of business.

I want to assure you, regardless of the situation, you will be paid on all Paymonde/MVC sales and rebills made prior to today’s date. Unfortunately we have no control over the actions taken towards Paymonde/MVC by their banks, we will assume responsibility for our processor and pay affiliates in full.

IA Cash used Paymonde/MVC as a secondary processor. All CCBill sales are fine (past, present and future) and it is business as usual; not to worry.

Paymonde’s CEO has made a statement you can read here http://www.xbiz.com/news_piece.php?id=18162 regarding the unfortunate events that lead to their decision to close the doors. There has been much talk (good and bad) done on various message boards regarding the owners. I firmly believe that this was not a malicious cash grab attempt or a scam by any means.

Thank you for your understanding in this matter and your continued support. Please do not hesitate to contact me if you have any questions or concerns.

Thanks,
Kenny B!
ken@iacash.com
icq: 234-817-781
Toll Free: 866-735-8805

Kenny B! · 2006-11-16, 03:49 PM

Better to stay on top of things is my thinking.

Although in my email to affiliates it seems I wasn't so clear and many thought we stopped billing for our sites completely. Thats not the case and I had to send out a second email, sorry about that people, better to be clear then wonder why people started removing links.

Wild_Unicorn · 2006-11-20, 07:46 PM

I was processing Edge Content with them and they owe me a massive whack of cash.. I sure hope they honour what their CEO has said regarding the payouts

Does anyone know CEO Howard Cohen's e-mail ??

Toby · 2006-11-20, 08:23 PM

Quote:

Originally Posted by Wild_Unicorn

I was processing Edge Content with them and they owe me a massive whack of cash.. I sure hope they honour what their CEO has said regarding the payouts

I hope you get what you are owed. Past history on processors going out of business isn't on your side, but from what I read I do get the feeling that they honestly intend to pay everyone IF they can eventually get access to funds that are being held. My best guess is a minimum of six months wait.

Wild_Unicorn · 2006-11-20, 08:53 PM

If you had read half of what is on GFY about all this i'm not so sure unfortunately

Kenny B! · 2006-11-21, 09:55 AM

Quote:

Originally Posted by Wild_Unicorn

Does anyone know CEO Howard Cohen's e-mail ??

Your best bet is to email sales@paymonde.com to get a hold of Howard.

2006-11-16, 03:08 PM	#2
Kenny B! I'm normally not a praying man, but if you're up there, please save me Superman! Join Date: Dec 2003 Location: Montreal Posts: 472	Notice to all IA Cash affiliates Re: Paymonde/MVC closing It was announced this week that Paymonde (previously MyVirtualCard) has ceased operations; according to their website they are going out of business. I want to assure you, regardless of the situation, you will be paid on all Paymonde/MVC sales and rebills made prior to today’s date. Unfortunately we have no control over the actions taken towards Paymonde/MVC by their banks, we will assume responsibility for our processor and pay affiliates in full. IA Cash used Paymonde/MVC as a secondary processor. All CCBill sales are fine (past, present and future) and it is business as usual; not to worry. Paymonde’s CEO has made a statement you can read here http://www.xbiz.com/news_piece.php?id=18162 regarding the unfortunate events that lead to their decision to close the doors. There has been much talk (good and bad) done on various message boards regarding the owners. I firmly believe that this was not a malicious cash grab attempt or a scam by any means. Thank you for your understanding in this matter and your continued support. Please do not hesitate to contact me if you have any questions or concerns. Thanks, Kenny B! ken@iacash.com icq: 234-817-781 Toll Free: 866-735-8805 __________________ ken@iacash.com icq: 53962376

2006-11-16, 03:49 PM	#3
Kenny B! I'm normally not a praying man, but if you're up there, please save me Superman! Join Date: Dec 2003 Location: Montreal Posts: 472	Better to stay on top of things is my thinking. Although in my email to affiliates it seems I wasn't so clear and many thought we stopped billing for our sites completely. Thats not the case and I had to send out a second email, sorry about that people, better to be clear then wonder why people started removing links. __________________ ken@iacash.com icq: 53962376

2006-11-20, 07:46 PM	#4
Wild_Unicorn I want to set the record straight - I thought the cop was a prostitute Join Date: Aug 2003 Location: London Posts: 296	I was processing Edge Content with them and they owe me a massive whack of cash.. I sure hope they honour what their CEO has said regarding the payouts Does anyone know CEO Howard Cohen's e-mail ?? __________________ GET YOURSELF SOME CHEAP CONTENT EDGE CONTENT - BARGAIN SETS UNDER $5 Last edited by Wild_Unicorn; 2006-11-20 at 07:51 PM..

2006-11-20, 08:53 PM	#6
Wild_Unicorn I want to set the record straight - I thought the cop was a prostitute Join Date: Aug 2003 Location: London Posts: 296	If you had read half of what is on GFY about all this i'm not so sure unfortunately __________________ GET YOURSELF SOME CHEAP CONTENT EDGE CONTENT - BARGAIN SETS UNDER $5