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Old 12-03-2003, 12:18 AM   #1
Sophdream
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just received that !

Due to circumstances beyond our control, PSW Billing has been forced to cease processing.

This situation has caused great distress for our staff, and of course for our clients. We appreciate the continued support and positive feedback from our concerned friends and collegues as we continue our fight on the legal front.

PSW will remain in business and continue to fight for clients' funds for as long as it takes. All clients will be paid in full as funds are released by the banks. We will keep you informed in future emails. Rest assured that any outstanding payouts due to you are currently 100% intact and have not been fined or assessed in any way. Our lawyers are working diligently to have all funds released and available for immediate payout as we receive them. We truly appreciate your patience in bearing with us while this is being sorted out. We understand the hardship this has placed on everyone, so please understand that we are doing everything in our power to get your money to you as quickly as possible.

As a sign of good faith, PSW has made arrangements for a smooth transition of your accounts to Jettis, at a deeply discounted rate of 12%. This rate is guaranteed for 6 months from activation. In addition, Jettis has agreed to maintain the discounted rate of 12% for as long as your chargeback ratio stays below .75%.

All that is needed from you to take advantage of the 12% rate is to reply to this email with the URLs you wish to setup. We will facilitate the transfer of your account to Jettis as quickly and smoothly as possible.

Again, although we have ceased processing, our remaining staff will be continuing to 'fight the fight' for this industry, and to retrieve 100% of your funds.

We hope to have your continued support through these difficult times.

Sincerely,
PSW Billing
contracts@pswbilling.com
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Old 12-03-2003, 06:20 AM   #2
Tafkap
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Another processor's biting the dust...
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Old 12-03-2003, 11:04 AM   #3
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damn...

Matt, you around? Can you give us some personal comments?
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Old 12-03-2003, 11:56 AM   #4
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Sounded like they were having troubles. I was really hoping they'd be able to turn things around and get in the green.
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Old 12-05-2003, 04:21 AM   #5
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Yay, we signed up with them in July and never received one penny they owed us.
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Old 12-05-2003, 08:45 AM   #6
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gee, what a sad story to hear...just hope you guys can make things work out
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Old 12-05-2003, 02:15 PM   #7
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Sad story yes. We did not make things work. By the time we realized the situation, they had thousands of our dollars, and we were still paying out producers, etc. Hard to succeed like that.

Oh well, that's life, sometimes you learn the hard way.

I guess we should have known this would happen when we signed up with them.

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Old 12-05-2003, 02:29 PM   #8
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very bad
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