IKOBO is going out of business!!!

Discussion in 'Payment Processing' started by redhits, Nov 6, 2008.

  1. #1
    Dear Coca Bogdan,

    We regret to inform you that iKobo is discontinuing services. Effective immediately, no further money transfers to your iKobo account will be allowed. Your card issued by Palm Desert National Bank will continue to be active until November 13, 2008. Your card will no longer work after this date. However, the card funds are safe and guaranteed, even after the card is de-activated.

    Please use your card at an ATM or to make purchases between now and November 13 to spend down the balance of funds on your card. Any remaining balance as of November 13, 2008 will be refunded to the sender, the US resident, as stated in the bank cardholder agreement (https://www.ikobo.com, link at bottom of page to “US Program Terms and Conditions”) .

    We will assist you in any way possible. If you have any further questions regarding the above notice please contact us at .

    It has been a pleasure serving you and we appreciate your business. We apologize for the inconvenience this may cause.

    Sincerely,

    iKobo
     
    redhits, Nov 6, 2008 IP
  2. tysond

    tysond Peon

    Messages:
    50
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #2
    i just got this email, and i am very upset over it. does anyone know of a replacement to ikobo? they were one of the easiest and fastest methods of getting money from my brother to me internationally.
     
    tysond, Nov 6, 2008 IP
  3. Adrián2

    Adrián2 Peon

    Messages:
    353
    Likes Received:
    75
    Best Answers:
    0
    Trophy Points:
    0
    #3
    devine, do u use eport?, seems like a good way to accept paypal in countries that are not supported.
     
    Adrián2, Nov 6, 2008 IP
  4. redhits

    redhits Notable Member

    Messages:
    3,023
    Likes Received:
    277
    Best Answers:
    0
    Trophy Points:
    255
    #4
    seems like that they really have a big problem ...
    all their cards gonna be canceled... we can withdraw money only till 13th ... lol a bad luck day ...
     
    redhits, Nov 6, 2008 IP
  5. xpwmaster

    xpwmaster Active Member

    Messages:
    29
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    86
    #5
    this is realy bad news for me . i used to use there service for 2 years now . this thing destroyed my weekend . moneygram and western are expensive and to much hastle to use . i have no idea now what method we can use instead of ikobo
     
    xpwmaster, Nov 6, 2008 IP
  6. redhits

    redhits Notable Member

    Messages:
    3,023
    Likes Received:
    277
    Best Answers:
    0
    Trophy Points:
    255
    #6
    i bet that

    they destroyed mine to
     
    redhits, Nov 6, 2008 IP
  7. tysond

    tysond Peon

    Messages:
    50
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #7
    Make that the 3rd person, i keep going to my email and re-reading the email just to make sure im not dreaming. i heavily depend on ikobo. i have emailed them asking why this is happening so if i get any more information i will let you guys know.
     
    tysond, Nov 6, 2008 IP
  8. xpwmaster

    xpwmaster Active Member

    Messages:
    29
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    86
    #8
    maybe epassporte gift acount can be used to load friends or family money to there cards . anyon ever tried that? i looking for alternative for ikobo
     
    xpwmaster, Nov 6, 2008 IP
  9. moobarack

    moobarack Peon

    Messages:
    6
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #9
    Ok, but what's going on with "Now you can send via phone..." which was displayed in the page just now. I guess that's gonna work for US citizens only? I am completely lost now. After checking the page again a couple of secs later, I was able to see the info is gone now and there is now a new update:

    "IMPORTANT NOTICE: We are no longer accepting new customers or further loading at this time. Please stay tuned for updates."

    What updates? Aren't they dead?
     
    moobarack, Nov 6, 2008 IP
  10. redhits

    redhits Notable Member

    Messages:
    3,023
    Likes Received:
    277
    Best Answers:
    0
    Trophy Points:
    255
    #10
    Moobarack , they are down for 7 days now
     
    redhits, Nov 7, 2008 IP
  11. Nonny

    Nonny Notable Member

    Messages:
    2,093
    Likes Received:
    120
    Best Answers:
    0
    Trophy Points:
    210
    #11
    iKobo's funding pulled out:
    http://www.bizjournals.com/atlanta/stories/2008/11/03/daily100.html

     
    Nonny, Nov 7, 2008 IP
  12. freestar100

    freestar100 Banned

    Messages:
    419
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    0
    #12
    This is really quite unfortunate. IKOBO have already a large base of customers and I am sure they will be disappointed of the closing of this payment processor.
     
    freestar100, Nov 7, 2008 IP
  13. host102

    host102 Peon

    Messages:
    235
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    0
    #13
    Aww I just found out about it too. Was going to use it.
     
    host102, Nov 7, 2008 IP
  14. zsindhu

    zsindhu Peon

    Messages:
    35
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #14
    Is Payoneer.com a good enough option for Ikobo refugees?
     
    zsindhu, Nov 8, 2008 IP
  15. tonystuck

    tonystuck Peon

    Messages:
    195
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #15
    I did't received this but at Fri 11/07/08 11:14 PM, i got this emails from IKOBO, this emails content totally different as you.
    Confuse????? :confused:

    --------------------------

    Dear XXX,

    As of November 7, 2008, Global Bank of Commerce, the issuer of your iKobo Visa Prepaid card, will assume all management of your card services and will be your sole contact of information regarding your iKobo accounts. The company, iKobo, Inc, will no longer be part of your experience.

    During the last few days, you may have experienced a temporary interruption in your ability to send money. There is no interruption, however, in your ability to access any funds held on the card. The iKobo card that you currently hold will be supported by Global Bank of Commerce and you may continue to access the funds held on the card via ATM or Point-of-Sale merchant that accepts Visa debit cards. However, some changes will come into effect regarding the ways to contact customer service, and the card loading options.

    Global Bank of Commerce will be notifying you on how these changes will improve the Ikobo service to better serve your money transfer needs going forward. The bank expects that your ability to send money will be restored within the next two weeks.

    Thank you for trusting iKobo and Global Bank of Commerce for all of your money transfer needs.

    Sincerely,

    iKobo, Inc & Global Bank of Commerce, Ltd
     
    tonystuck, Nov 8, 2008 IP
  16. tonystuck

    tonystuck Peon

    Messages:
    195
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #16
    This very unfair, ikobo should send mail check to us!
     
    tonystuck, Nov 8, 2008 IP
  17. redhits

    redhits Notable Member

    Messages:
    3,023
    Likes Received:
    277
    Best Answers:
    0
    Trophy Points:
    255
    #17
    Anyway , i really like how they deal their business - exit, talking nicely,etc..

    not stealing our money and declare bankrupts, as many others financial company like to do their exit
     
    redhits, Nov 8, 2008 IP
  18. tonystuck

    tonystuck Peon

    Messages:
    195
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #18
    have any one still have balance on ikobo?
    i missed to withdraw the balance, i was send them emails but no reply after 4 days
    Now they have take out the login system! I can't login anymore~!!!
    Ikobo said the balance will send back to SENDER but i still can see my balance on my account. Do you have same problem?

    ps: just now i can login via http://www.ikobo.com/login.html, backdoor?
     
    tonystuck, Nov 18, 2008 IP
  19. mentos

    mentos Prominent Member

    Messages:
    15,280
    Likes Received:
    473
    Best Answers:
    0
    Trophy Points:
    330
    #19
    Yes i still have $300+ at my Ikobo account.
    And they did reply my email by saying that they are in process returning the money.
    And it done batch by batch,so be patience,next week maybe its your turn
     
    mentos, Nov 18, 2008 IP
  20. tonystuck

    tonystuck Peon

    Messages:
    195
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #20
    Yesterday night, I check balance and it display zero. I think they have process but i cannot find any transfer history/statement. I asking to sender and waiting their feedback.

    Again, Just now i trying to login and check, but it display "Incorrect login and/or password", I think they has been closed the login system. Can you try to login and see how?

    Thanks you.
     
    tonystuck, Nov 18, 2008 IP