Stormpay Stole My Money
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Time to attempt to blog again!
Something went wrong when I made my last post and it was impossible to publish the blog.
The news then was that Stormpay had insisted that all the big autosurf programmes must dump all their other payment processors immediately and keep Stormpay as the only option. Failing agreement to this, they would lose the ability to use Stormpay. This ultimatum was issued in such a way that it was not really a matter of choice. The site owners had to act immediately, The truth is that the option was that they had to capitulate or have their Stormpay funds frozen. They were not given the option keep their other payment processors, get rid of Stormpay and have their funds returned by Stormpay.
Many of the companies had no choice but to give into Stormpay's demands because most of their membership used Stormpay. Having achieved a monopoly, Stormpay then froze all the accounts and denied the site owners any access to their accounts. They are, at the time of writing unable to even view their accounts let alone move money. It has been said that the amount taken from 12 Daily Pro by Stormpay is 20 million dollars and that they have taken 9 million from Alien Trust.
The worst hit was, of course, the biggest and most popular programme: 12 Daily Pro. There has been plenty of publicity, most of it biased against 12 Daily Pro and written by people who have no idea what is happening and seem not to know what autosurfing is anyway.
The companies that capitulated and got rid of their other payment processors, are either unable to function or have simply disappeared. The companies that refused to give in to Stormpay's demands are still operating.
Then Stormpay customers started to report that Stormpay had taken money from their accounts without their authority. Some people had unauthorised credit card withdrawals made by Stormpay. Some people reported that Stormpay had removed money from their accounts even though the cash was in no way related to 12 Daily Pro or any other autosurfing programme.
Stormpay stole money from me. During the time 12 Daily Pro's account was frozen and they had no access, Stormpay applied 2 "charge backs" to my account. According to Stormpay these debits were made by 12 Daily Pro. This is obviously a lie because 12 Daily Pro's account is frozen (Stormpay do not deny this fact). These two spurious "charge backs" did not relate to any money I had earned or been paid by 12 Daily Pro. They did, however, add up to exactly the amount of a cheque I had requested from Stormpay some 4 or 5 days earlier plus the total balance of my Stormpay account down to the last odd 90 cents. Stormpay cancelled the cheque and "disappeared" the funds. The money I had in my account was not 12 Daily Pro's money in any event. It included commissions for affiliate sales and payments for advertising.
So far Stormpay has issued a few statements which make little sense and they have contradicted themselves. Initially they said they and 12 Daily Pro's account were the subject of an investigation by an outside authority, later they admitted there was no such investigation.
Stormpay's story is that, after over two years of being payment processor for autosurf companies and earning huge fees from doing so, they discovered that these companies are ponzi schemes or in some other way illegal. Instead of issuing notice to the companies that they must move their accounts to another processor, Stormpay bullied them into accepting Stormpay as the only processor, took all their money and started systematically robbing their members. Apparently this has all been done because Stormpay believe the autosurf companies are operating illegally.
The other version of what is going on is that Stormpay have overspent on their much publicised sponsorship of a race track and do not have the funds to honour their obligations to the autosurf companies. This is the reason for pushing the companies into the situation where they had no other source of funds and then appropriating those funds. The longer Stormpay can drag this out, the harder it will be to sort out the mess in the end.
Who suffers? Stormpay customers suffer. Stormpay has made a fortune in fees on these accounts and, not content with robbing the autosurf companies, they are now stealing money from "ordinary" members like me.
I now detest Stormpay. Apart from the financial loss, they have cost me untold hours of time which is far more precious than cash. I have decided that today I will concentrate on work and not try to find news or clarification of the situation on forums. I won't forget Stormpay but I won't let it dominate my life. Constant checking does not good, when there is some real news, it will spread like the wildest of fire.
Nearly two weeks now since Black Friday. Things are showing signs of getting back to normal. The strong autosurf sites have survived the "storm" and are running. Apart from the commissions stolen by Stoirmpay, my other business interests are fine. Time to move on.
~*~*~*~*~*~*~*~*
If you want to work from home on the internet but don't know where to start, visit my Work From Home Directory at Hunting Venus.com You'll find all the help you need.
~*~*~*~*~*~*~*~*
Time to attempt to blog again!
Something went wrong when I made my last post and it was impossible to publish the blog.
The news then was that Stormpay had insisted that all the big autosurf programmes must dump all their other payment processors immediately and keep Stormpay as the only option. Failing agreement to this, they would lose the ability to use Stormpay. This ultimatum was issued in such a way that it was not really a matter of choice. The site owners had to act immediately, The truth is that the option was that they had to capitulate or have their Stormpay funds frozen. They were not given the option keep their other payment processors, get rid of Stormpay and have their funds returned by Stormpay.
Many of the companies had no choice but to give into Stormpay's demands because most of their membership used Stormpay. Having achieved a monopoly, Stormpay then froze all the accounts and denied the site owners any access to their accounts. They are, at the time of writing unable to even view their accounts let alone move money. It has been said that the amount taken from 12 Daily Pro by Stormpay is 20 million dollars and that they have taken 9 million from Alien Trust.
The worst hit was, of course, the biggest and most popular programme: 12 Daily Pro. There has been plenty of publicity, most of it biased against 12 Daily Pro and written by people who have no idea what is happening and seem not to know what autosurfing is anyway.
The companies that capitulated and got rid of their other payment processors, are either unable to function or have simply disappeared. The companies that refused to give in to Stormpay's demands are still operating.
Then Stormpay customers started to report that Stormpay had taken money from their accounts without their authority. Some people had unauthorised credit card withdrawals made by Stormpay. Some people reported that Stormpay had removed money from their accounts even though the cash was in no way related to 12 Daily Pro or any other autosurfing programme.
Stormpay stole money from me. During the time 12 Daily Pro's account was frozen and they had no access, Stormpay applied 2 "charge backs" to my account. According to Stormpay these debits were made by 12 Daily Pro. This is obviously a lie because 12 Daily Pro's account is frozen (Stormpay do not deny this fact). These two spurious "charge backs" did not relate to any money I had earned or been paid by 12 Daily Pro. They did, however, add up to exactly the amount of a cheque I had requested from Stormpay some 4 or 5 days earlier plus the total balance of my Stormpay account down to the last odd 90 cents. Stormpay cancelled the cheque and "disappeared" the funds. The money I had in my account was not 12 Daily Pro's money in any event. It included commissions for affiliate sales and payments for advertising.
So far Stormpay has issued a few statements which make little sense and they have contradicted themselves. Initially they said they and 12 Daily Pro's account were the subject of an investigation by an outside authority, later they admitted there was no such investigation.
Stormpay's story is that, after over two years of being payment processor for autosurf companies and earning huge fees from doing so, they discovered that these companies are ponzi schemes or in some other way illegal. Instead of issuing notice to the companies that they must move their accounts to another processor, Stormpay bullied them into accepting Stormpay as the only processor, took all their money and started systematically robbing their members. Apparently this has all been done because Stormpay believe the autosurf companies are operating illegally.
The other version of what is going on is that Stormpay have overspent on their much publicised sponsorship of a race track and do not have the funds to honour their obligations to the autosurf companies. This is the reason for pushing the companies into the situation where they had no other source of funds and then appropriating those funds. The longer Stormpay can drag this out, the harder it will be to sort out the mess in the end.
Who suffers? Stormpay customers suffer. Stormpay has made a fortune in fees on these accounts and, not content with robbing the autosurf companies, they are now stealing money from "ordinary" members like me.
I now detest Stormpay. Apart from the financial loss, they have cost me untold hours of time which is far more precious than cash. I have decided that today I will concentrate on work and not try to find news or clarification of the situation on forums. I won't forget Stormpay but I won't let it dominate my life. Constant checking does not good, when there is some real news, it will spread like the wildest of fire.
Nearly two weeks now since Black Friday. Things are showing signs of getting back to normal. The strong autosurf sites have survived the "storm" and are running. Apart from the commissions stolen by Stoirmpay, my other business interests are fine. Time to move on.
If you want to work from home on the internet but don't know where to start, visit my Work From Home Directory at Hunting Venus.com You'll find all the help you need.
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