[Boatanchors] mypaysystems.com

[john]

Here's some news gleaned from the web. Note that the company appears
to be Canadian, not US.  Bad vibes all around on this company....  Good luck!

John K5MO


Dear myPaySystems merchant,

Due to circumstances beyond our control, we must terminate our myPaySystems
Internet Billing Account (IBA) services. This unfortunate situation is due
in part to, restrictions imposed by the VISA/MasterCard association on
processing of Internet credit card transactions by third party billing
companies, and, our acquirer Pago eTransaction Services GmbH/Deutsche Bank,
suspending our accounts and accelerating the termination of our IBA
processing capabilities.

All merchants currently processing through an IBA will no longer be able to
process transactions and we are forced to give notice that effective
immediately, August 9, 2004, your myPaySystems IBA Agreement is terminated.
Further, as per section 9.3(e), notice is given that all funds must be held
pending risk review of each account. At this time no release schedule is
available, as each case attracts its own risk profile. There are also
external factors which require final determination. Once we ascertain the
resolution of your risk scenario, your funds may be released in the normal
course.

As we valued your business, we pursued all possible alternative processing
options for our merchants and had implemented a transition plan to migrate
all of our qualified merchants from a myPaySystems IBA to their own
merchant accounts. It was due to the sudden actions of Pago eTransaction
Services GmbH/Deutsche Bank that we were unable to complete the migration.
If you continue to require online payment processing services you may
contact other payment processors that provide similar services. Searching
for "process credit cards online" in any search engine will provide you
with possible alternatives.

At this time PaySystems will only accept written communication concerning
this matter, addressed to:

myPaySystems 
attn: Legal Department 
1500 University Ave., Suite 920
Montreal, Quebec
Canada H3A 3S7


At 04:00 AM 10/2/04 -0400, you wrote:
>Message: 2
>Date: Sat, 2 Oct 2004 14:30:14 +1000
>From: "pete williams" <jupeter at supernerd.com.au>
>Subject: [Boatanchors] Fw: mypaysystems.com - Anyone ever hear of them
>To: "boatanchors" <boatanchors at mailman.qth.net>,	"milsurplus"
>	<milsurplus at mailman.qth.net>
>Message-ID: <005401c4a838$841acb80$42f086ca at oemcomputer>
>Content-Type: text/plain; charset="iso-8859-1"
>
>
>Sent: Saturday, October 02, 2004 10:37 AM
>Subject: mypaysystems.com - Anyone ever hear of them
>
>G'day lists... Not strictly  mil surplus but I plus a  swag of others
>got taken  to the  cleaners by "myPal systems.com"
>Wanting a manual for a  piece of test gear, I found via the net a
>company that  said they could supply. I paid the asking price at their
>suggestion . to  myPay systems.
>After 4 months and  no product  . the  manual website rarely on ---
>myPay went thru the  motions of  providing a   credit on my Visa.
>No action and despite many  email requests and a phone call from OZ
>zilch action
> A search  via  Google  turned up the  site shown below.
>Check it out and take your   patronage elsewhere.
>I would hope that your US  authorities would be taking some action on
>these  alleged fraudsters .
>Best of luck !
>Pete
>Pete Williams
>jupeter at supernerd.com.au
>METUNG 3904  Australia.
>
>
>
>
>
>
><<mypaysystems.com - Anyone ever hear of them.url>>
>
>
>http://www.businessownersideacafe.com/cyberschmooz/eCommerce/1115.html
>#0
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