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  1. #1
    Join Date
    Oct 2005
    Posts
    17

    Stormpay Effectively Gone!

    "Dear Valued StormPay customer,

    Effective immediately StormPay Inc. will no longer accept payments for sales made outside of StormPay Auctions. If you are an online seller who wishes to sell your product or service through the StormPay system, your item must be sold using the StormPay Auctions feature. Listing in the StormPay Auctions is FREE of charge unless utilizing our inexpensive upgraded listing options.


    Q: Why has StormPay implemented this new policy?

    A: StormPay has rendered certain policy changes to insure a safer online experience for both buyers and sellers. This policy change allows StormPay to more closely monitor the products/services sold, insuring that sold items are within StormPay’s acceptable use policies.

    Under these new policy guidelines, customers may no longer log into a StormPay account for the purpose of sending money to another online user, or “offsite” website sale. All “spends” and “receives” are and only can be for the specific purchase of a user’s auction listing and successful purchase of.

    Subscriptions (recurring billing) is no longer supported by the StormPay system. All current subscriptions have been cancelled. We apologize for any inconvenience this may have caused.

    We appreciate your business. As always, if you have any questions, feel free to contact us.

    StormPay Inc."

    Their money transmitter license expires April 4th 2006. Anyone want to bet that renewal of said license was refused?

  2. #2
    Join Date
    Jun 2005
    Posts
    419

    Re: Stormpay Effectively Gone!

    Quote Originally Posted by Martin35
    "Dear Valued StormPay customer,

    Effective immediately StormPay Inc. will no longer accept payments for sales made outside of StormPay Auctions. If you are an online seller who wishes to sell your product or service through the StormPay system, your item must be sold using the StormPay Auctions feature. Listing in the StormPay Auctions is FREE of charge unless utilizing our inexpensive upgraded listing options.


    Q: Why has StormPay implemented this new policy?

    A: StormPay has rendered certain policy changes to insure a safer online experience for both buyers and sellers. This policy change allows StormPay to more closely monitor the products/services sold, insuring that sold items are within StormPay’s acceptable use policies.

    Under these new policy guidelines, customers may no longer log into a StormPay account for the purpose of sending money to another online user, or “offsite” website sale. All “spends” and “receives” are and only can be for the specific purchase of a user’s auction listing and successful purchase of.

    Subscriptions (recurring billing) is no longer supported by the StormPay system. All current subscriptions have been cancelled. We apologize for any inconvenience this may have caused.

    We appreciate your business. As always, if you have any questions, feel free to contact us.

    StormPay Inc."

    Their money transmitter license expires April 4th 2006. Anyone want to bet that renewal of said license was refused?
    Well, they made so much money off of Charis that they don't need to "diversify" their income anymore.
    Deth is always approaching, live while you can...

  3. #3
    Join Date
    Feb 2006
    Posts
    17

    Re: Stormpay Effectively Gone!

    Actually our sources tell us exactly that stormpay is a out of business as a payment processor. Have a look at this stormpay update

  4. #4
    Join Date
    Mar 2006
    Posts
    3

    Re: Stormpay Effectively Gone!

    Good Riddance!!!!

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