Got this email tonight - Dear Affiliate – The credit card associations (including Visa and MasterCard) are increasing their scrutiny of merchants selling products within a number of online segments. Affected market segments include, but are not limited to, the following: Online auctions Foreign Exchange (FOREX)-related products Media Poker chips and other virtual currency As you currently are promoting products that fit within one or more of these segments, Plimus must now undertake a detailed and exhaustive review of your account to assess the stability of the products sold via your efforts. During the period of this review, we must suspend payments for your account for a period not to exceed 30 days, pending our confirmation that all transactions will be honored by the card associations. We recognize that this represents a significant business challenge, and apologize for the inconvenience. If you believe your account should not be considered to be focused on any of the stated market segments, or if you have any questions or concerns, please contact Vendor Support directly. The suspensions are expected today Thursday. Some will not be suspended. Not sure yet how it will work but payments for the 15th are paused. Trying to learn more And anything you can tell will be helpful.
Does anyone knows what is happening with Plimus? This was done without announcement? I got the same mail...
It should come as no surprise as virtual products can easily be a cause of disagreement from the buyer and seller point of view
I am the senior account manager at AlgoCharge.com. Our company focuses strictly on online payment processing solutions for new and online companies. We have been in the industry for over 10 years with a primary concentration in the Forex and Binary Options arenas. We understand that Plimus has recently made the decision to shift their payment services away from industries like Forex and Binary Options. From personal experience, Plimus is an upstanding company and it would be uncharacteristic for them to keep your funds and flee. However, I can only represent the company I work for. AlgoCharge caters to many new and established online companies in need of immediate payment processing. We support major credit cards, e-wallet solutions and banking services. We offer multi-currency support and pay our merchants on a monthly or bi-weekly schedule, depending on their transaction volume. If your company is in need of immediate payment processing but is not eligible for a direct acquirer account, you can take advantage of our Start-Kit solution. Our benefits include: -No upfront fees -No Commitment -High Conversion Rates -Company Descriptor Please visit our website for further information. Don't hesitate to contact me directly for any questions you might have about immediate online payment processing.
@ husla3x, many thanks for the info - I've just submit some products for an approval from Plimus, if this thing is correct Plimus are really going down. Could you someone, refer some Forex alternative after Plimus is down