View Full Version : No more credit card payment option in my store.
PayZip my credit card processor was put uot of business by Mastercard who closed their account claiming they are a third party payment processor when in fact they are not. Depending of what news I get in the next couple of days I might ask you who bought goods from me in the past 3 months and paid by a credit card to help me out, the method I will email you if and when the time comes. I am trying to find another processor who is as professional and confidential as PayZip was but until I find one the only payment I can accept is money orders. To prevent any baseless guesswork the full email I have received from them this morning is pasted below:
"Dear Payzip Merchant,
It is with great regret that we have to inform you that Payzip's merchant accounts have been closed down by our acquiring banks. The accounts were closed down due to pressure from Mastercard, who claims that Payzip is a third party payment processor.
Asiadebit/Payzip has gone to great lengths to prove that this is not the case, but in the end Mastercard chose to close the accounts. On top of the closure, they will fine our company, Asiadebit Pte Ltd (Singapore), 2,500 USD per day dating back since the day we started operating Payzip. This adds up to several million dollars.
We have no other choice but to cease operations effective immediately.
We understand that this will also have huge implications on your business as there are outstanding funds due to you. Be assured that we have tried every possible way to avoid this and to maintain our business as well as yours, but to no avail.
Our current standpoint is to counter sue Mastercard, but that is a process that can take years and with no guarantee of success. We are not the only payment processing company that experienced this problem. Several companies such as ours have ended up in a similar fashion as you might know from before.
Words can't describe how terrible we feel about this situation. If there is anything we can do to help you out, such as getting a new merchant account, please let us know and we will do the best we can. If we get any funds released, we will of course disperse it back to you. The chances for that to happen at this point look pretty grim though.
Sincerely,
The Payzip Team"
So for now no credit card payment.
mili
vmod32
02-15-2006, 06:33 PM
wow.. that sucks the big one. I hope you did not get screwed too bad. This is just another way Mastercard makes their money. Fucken greedy corporations.
seaboard18
02-15-2006, 06:59 PM
Unfortunately Mili, you have no chance of recovering anything from PayZip. Due to the nature of your business, if I were you, I would stick to international money orders for the duration of your current venture. If that is not an option for you, you may want to look into some of these IPSP services that may help you obtain credit card processing again. hxxp://www.merchantseek.com/index.shtml. Good Luck.
I am not mad at PayZIp, if anything they will go bankrupt. Yes MOs are always an option but man the hassle involved turns many off.
mili
dellsam34
02-15-2006, 11:50 PM
Beside mony Orders, you can use Paypal to receive payments since it covers the biggest countries in the word including US and Canada, most of poeple prefer Paypal over those credit card busters. however they charge about 3% a transaction plus international transfer fees.
How about Greenzap?
Anything -BUT- Paypal please!!!
PayPal rats people out and is not an option in this country anyway.
I got several things happening that should bear fruit in the next couple of days.
mili
Darkbob
02-16-2006, 06:09 AM
Mili... I read your message about people who bought from you in the last 3 months helping you out. I feel for you... you sold the stuff and shipped it out. But can you seriously see anyone stung by buying an AVR-X turning around and paying for it all over again just to help you out?
The AVR only works for 4 hours at a stretch in the 501's which makes these PVRs useless. Perhaps if the damn thing actually worked... but with the present problems is it realistic to ask people to pay twice for garbage?
Not trying to give you a hard time... just a bit of a reality check for you.
I'll make you a deal. You get Magician to get my AVR working and I will personally guarantee to pay you $109 all over again and you don't even have to ship me another card. You have my word on it.
--Db
Well allegedly software on Friday and I sold a lot more stuff than AVR-X cards by the way which work in most cases.
mili
seaboard18
02-16-2006, 08:33 AM
Its like this guys, if you play you pay. Mili sold a product that got your TV back. At the time, the AVR-X worked while other testing devices were speculated as working. Mili did not make you or anyone else buy a AVR-X.
PayZip's problem has nothing to do with the AVR-X. Mili used PayZip and lost money. The topic of the thread is Mili -vs- PayZip and is also an explanation of why Mili can't process credit cards at the moment. There are buttons that lets you start threads about anything you desire to talk about at the top of each forum. They work! Maybe a detailed explanation is needed to explain how to use those buttons. Its apparent that most of the members here that purchased an AVR-X can't comprehend how to start bitch threads, much less learn how to program an AVR-X.
This is Mili's thread about his pitfall with PayZip. It would be a decent thing for everyone to post comments and suggestions to Mili about this problem that he has encountered.
RoofleChicken
02-16-2006, 09:03 AM
E-Gold.
Absolutely, positively, correct. 100% anonymous, instant, and flawless.
Darkbob
02-16-2006, 04:45 PM
PayZip's problem has nothing to do with the AVR-X. Mili used PayZip and lost money. The topic of the thread is Mili -vs- PayZip
Actually this thread is about replies to Mili's message which you can read up at the top of the thread. Mili said that he might be asking users who bought within the last 3 months help him out. Some users replied that they would be more inclined to help out if the product they bought actually worked. Seems on-topic to me so far but you are right that we should stick to the topic (replies to Mili's message).
--DB
miceros
02-16-2006, 04:48 PM
So, how far back you have not been paid by payzip? I bought an AVR-X no long ago (1 month) and it cleared at my bank.
seaboard18
02-16-2006, 07:39 PM
Actually this thread is about replies to Mili's message which you can read up at the top of the thread. Mili said that he might be asking users who bought within the last 3 months help him out. Some users replied that they would be more inclined to help out if the product they bought actually worked. Seems on-topic to me so far but you are right that we should stick to the topic (replies to Mili's message).
--DB
Actually Darkbob, my post was directed mainly to you in the first place. You read quite a lot into Mili's post, don't you?
Depending of what news I get in the next couple of days I might ask you who bought goods from me in the past 3 months and paid by a credit card to help me out, the method I will email you if and when the time comes.
It appears that ************ has decided that Mili is bankrupt now. Generally when a third party processor is faced with Visa and Mastercard fines, including a shut down of their operation, they fold up shop, due to frozen assets, [bank accounts] and [$2500.00 a day fines.] However, they are warned far into the future before this action is taken by Visa and Mastercard. Its not instant. You need to read more about how the process works. Mili would suffer huge losses from previous sales, due to the hold back percentage charged by PayZip that covers past sales dating back 6 months ago. These processors generally do not just stop paying there clients, point blank, until Visa and Mastercard halts there ability to process further transactions. Further, there are differences associated with [Serviced Merchant Accounts and Third Party Merchant Accounts.] Visa International rules and regulations differ in regards to how the acquiring banks handle changes in the rules that govern the processor to server a high risk internet transaction.
In your case and in ************'s case, its my opinion that you read more into Mili's statement, asking for help in the future, than actually exist. If you have decided to be a trader and join ************ and take there side, then you should go back over there and do your bashing. Mili said he may ask for help in the future. This does not imply that Mili will ask for double payments for goods sold in the past. Any person that deals with credit card processors faces these pitfalls and are informed of the potential for great loss when it comes to high risk internet transactions.
Darkbob
02-16-2006, 09:29 PM
If you have decided to be a trader and join ************ and take there side, then you should go back over there and do your bashing.
I'm not bashing anyone and I don't know what kind of trade you are thinking of or who I might be trading with... I'm a bit confused by your reply.
I don't know what kind of help Mili is going to ask. I had assumed that he would be asking for some kind of financial help to help recoup his losses. But you are right, that was my assumption and nothing that he said directly.
One thing I do know for sure... Mili doesn't need you to fight his battles for him. If he thought I was bashing him he'd say so himself.
And just so you know Mili, I really do know a bit how you feel. Small business guy gets slammed by shit like this... it just makes you sick. Hang in there guy.
--DB
seaboard18
02-16-2006, 10:42 PM
I'm not bashing anyone and I don't know what kind of trade you are thinking of or who I might be trading with... I'm a bit confused by your reply.
I don't know what kind of help Mili is going to ask. I had assumed that he would be asking for some kind of financial help to help recoup his losses. But you are right, that was my assumption and nothing that he said directly.
One thing I do know for sure... Mili doesn't need you to fight his battles for him. If he thought I was bashing him he'd say so himself.
And just so you know Mili, I really do know a bit how you feel. Small business guy gets slammed by shit like this... it just makes you sick. Hang in there guy.
--DB
I can understand your confusion about [trader].. I was unable to edit the post, so what I mean is that you are a [traitor] to Mil's forum, selling out to DSI instead of being loyal to Mili. Your original indicates that your post was scripted to cause such an assumption. This should clarify the confusion for you and others that sell out to DSI's unethical tactics, bashing Mili and Mili's members.
Zookd
02-16-2006, 10:52 PM
I got my AVR-X 2 days ago it's not working, no support no e-mails and I don't even know how to send it back since he doesn't answer my e-mails. I have the dish yellow card but I'm not familliar with card programing, That's why I've shoosen AVR-X.
i got mine 3 months ago and still not working. take your time, do some reading,then bitch.
Darkbob
02-16-2006, 11:25 PM
I can understand your confusion about [trader].. I was unable to edit the post, so what I mean is that you are a [traitor]
Ah! Now I understand the source of the confusion. Perhaps English is not your first language or perhaps you are a high school drop out or whatever. Totally understandable. Have a good one.
--DB
are you too the same person and playing games with us
somebody check the ip's
OK...
I am far from bankrupt, what PayZip holds is 15% of 6 months' worth of sales and 4 week's worths of total sales. I will not want anyone to double pay for anything that would make no sense.
IF and it is a big IF still I will ask people to help is to charge back on their payments then send a money order when they got their money's back. That is a last ditch effort. I am in the process of setting up another way to accept credit cards and it will take time. If you got AVR-X problems post them in the appropriate forums I will delete bitching from this thread which has nothing to do with hardware anyway. I am not replying to emails cause I am still not sure what steps if any I will take. I am here to stay though so those of you celebrating my demise have to wait a little longer. I am talking to PayZip and they said last night there is a chance they stay in business but process only in Euros when shit is cleared up. Negotiations are in place so it is not a total loss yet.
mili
tierone
02-17-2006, 03:24 AM
Mili, I understand your problems might either stem from your violation of payzip policy concerning: http://www.payzip.com/restricted.htm
Payzip List of Restricted Products / Services
The following products and services are not allowed to be sold:
Satellite signal decoding products, cards and card programming
Or payzip ignoring the rules for your account and was found out by MasterCard but either way I don't think it is appropriate to involve members of this site in your problems with PayZip.
I have already e-mailed you with the request not to be notified of any scheme or resolution that would involve my participation concerning me or my credit card. Good Luck!!!
what about whores, drugs, guns, and widgets?
shit fire dude if you dont want to then dont why be so dramatic about nothin
HuSatellite
02-17-2006, 03:52 AM
Payzip's site has no sign of closure?
No it is none of the issues you mentioned they were happy with me and I am one of thousands of merchants affected.
mili
Budreaux
02-17-2006, 05:42 AM
Well, Mili.. I purchased from ya just acouple weeks ago.. if ya need a charge back, let me know.. I'll gladly work withya to get you the money for the product I purchased and received.\
Just make sure I get my VIP pass...lol
Budreaux
luvbandit1
02-17-2006, 06:17 AM
i bought some products from u they still havent arrived but have tracking info the will be here soon do you want me to do a charge back and then send u a mony order.
No please just hold on until I send word.
mili
Texas Trophy
02-17-2006, 07:05 AM
Damn mili, didn't you have a problem about a year ago with credit card processing? I remember you asking me to charge back something that I puchased from you and pay again. I haven't bought anything recently, but I wouldn't hesitate doing it again.
luvbandit1
02-17-2006, 07:46 AM
Ok ,will Do
Soldermonkey
02-17-2006, 09:26 AM
Hey Mili. When you say do a charge back, do you mean I should dispute the charge?
mruk69
02-17-2006, 01:57 PM
No please just hold on until I send word.
mili
So Mili are you saying wait and you will tell us when to do a Chargeback.
JSF2000
02-19-2006, 01:23 PM
Who has got the confirmation that PayZip is not going to transfer any amount which a client might have in his/her PayZip account? I also use payzip but SWIFT transfers still seems to be processable - though last one is not completed yet.
No don;t do a thing yet please and when and if I ask you you dispute the charge indeed and I wont contest it. For now we are still negotiating and payzip is indeed telling the truth and are on the ball. Merchants from all over the world selling books, software and all sorts of different stuff are affected and no money is coming out of PayZip for now.
milil
lorentodd
02-19-2006, 07:32 PM
No don;t do a thing yet please and when and if I ask you you dispute the charge indeed and I wont contest it. For now we are still negotiating and payzip is indeed telling the truth and are on the ball. Merchants from all over the world selling books, software and all sorts of different stuff are affected and no money is coming out of PayZip for now.
mililI did a chargeback already on 3 avr-x's, I thought that was what you wanted. My credit card company said that all chargebacks concerning your account were suspect and was being investigated. Also wanted to know if the product I purchased came from dssmili. I told them I didn't know that name. Were did they come up with that name. I thought everything went through payzip.Then they said all charges that were made to payzip concerning your account were being audited, and they would send me the necessary paperwork to fill out.Sounds like to me they are gathering information on everyone who charged to this account.What Should I do now? Please help.
I seriously doubt you are telling the truth here with your single post. Email me with your order number and telling me you posted this here and I will follow up on it. I suspect I know who you are.
mili
lorentodd
02-19-2006, 08:05 PM
I seriously doubt you are telling the truth here with your single post. Email me with your order number and telling me you posted this here and I will follow up on it. I suspect I know who you are.
miliWhat e-mail address do I use?
mili@dssftp.com of course.
mili
lorentodd
02-19-2006, 08:18 PM
mili@dssftp.com of course.
miliOk, fixing to send you the number and also a copy of the the e-mail I just received from my credit card company that includes the information I should send back to them about this.
lorentodd
02-19-2006, 09:00 PM
ok
miliPlease e-mail me back when you check this out. I am getting nervous about all of this and really all I was trying to do was help you out.
I am yet to receive your email.
mili
Matisse
02-20-2006, 03:23 AM
seems like a good time to adopt the policy of money orders from now on.....every site thinks they are the ones immune to this type of thing happening...if people that used credit cards begin getting those $4500 demand letters....that would be unfortunate...they didnt remember how it was for dtv...over 110,000 testers got a reality check.....along with a demand letter...many paid up!
credit card usage for purchasing dss pirate items are a bad combination,
luvbandit1
02-20-2006, 05:54 AM
mili is this guy for real should we be getting ready for the worst or what
I am yet to receive any emails from him it. It is either too difficult to forward his emails to me or he is a fearmonger.
mili
poncholo
03-02-2006, 03:02 AM
Mili
I been out almost 2 weeks, today I just read your post about CC matter, but in your web theres still the option of Credit cards and e-checks a new one, are you now able to accpet CC again ?
Thanks
I can take VISA cards for now then in two days Mastercard also.
mili
Mill,
I purchased product from you in December 2005 and then again in February 2006and used payzip.net, should I ask my Credit Card company to recall both transactions?
For now please do only the one I asked you to do. I am still hoping they will pay out. The reason for this charge back request I explained in teh email: I can't continue to pay for the sub. Thank you guys you have been great and understanding so far, I will try doing my best.
mili
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