Stormpay alternatives

Discussion in 'General Business' started by balkanboy, Feb 11, 2006.

  1. #1
    Since Stormpay is not payment option anymore, I was searching for alternative payment processors that send money to all countries worldwide, because my and lot of other countries are not supported by paypal.
    I have found Emocorp that has no fees for money transffer beetwen accounts, sign up is free ad there are lot of methods to add funds to account. I sow that Registerfly accepts them as payment option so I belive they are reliable. Any expiriances?
     
    balkanboy, Feb 11, 2006 IP
  2. DomainMagnate

    DomainMagnate Illustrious Member

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    #2
    I think egold is most secure of all
     
    DomainMagnate, Feb 11, 2006 IP
  3. xfairguy

    xfairguy Well-Known Member

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    #3
    EMO is also used by autosurfs, so you can have similar situation as with StormPay now.
     
    xfairguy, Feb 11, 2006 IP
  4. D_C

    D_C Well-Known Member

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    #4
    I dont like how hard it is to get an active EMO account. They need way to much information if you ask me. There is this thing called alertpay, which is used by alot of GPTS sites too.

    www.alertpay.com i think. If not just google it.
     
    D_C, Feb 11, 2006 IP
  5. balkanboy

    balkanboy Banned

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    #5
    I have loged into my Stormpay account,everything is good and here are the news from Stormpay website


    StormPay Inc. is currently suffering from DDOS (Distributed Denial of Service) attacks which prevent StormPay from sending or receiving email communications as well as prevents customers from being able to access their StormPay account’s through the StormPay.com website. These DDOS attacks in no way compromise the security of your StormPay account as they are only designed to prevent legitimate traffic access. Federal authorities are investigating the origination of the attacks and have confirmed that they are very close to making arrests in connection with the DDOS attacks.

    We are sure that many of you are aware of the recent controversy with Charis F. Johnson and other “Auto-Surf websites”. The funds of those merchant’s and specifically Charis F. Johnson have been locked in their StormPay accounts as investigations are ongoing into what appears to be massive illegal Ponzi schemes. Any payments you may have received from these “Auto-Surf’s, that were still within the StormPay system have been restored back to the accounts’ of those ‘Auto-Surf’s where the funds are protected and preserved in an effort to try and refund customers who may have been victims of these programs. We can confirm that there will not be enough money available to get everybody reimbursed but we are formulating an orderly plan to reimburse victims to the limited extent that may be possible.

    The problem we are seeing is that customers are viewing their "earnings" from the “Auto-Surfing” websites’ and believe that StormPay Inc. is holding funds sufficient to cover those "earnings". StormPay is not holding funds sufficient to cover the alleged "earnings" or "payments" or "payouts" that are reflected on the Auto-Surf’s website (we suspect we are holding only a small fraction of what is being reflected as "owed" to customers on the websites). Some customers that received a "payout" from these “Auto-Surf’s received that at the expense of somebody else who contributed to the program but who may have never received any "payout". Consequently, the reason that we have restored funds back to the accounts of these so called “Auto-Surfs” that represent payments that some members received was so that we can attempt to reimburse as many people as possible. In the usual Ponzi scheme, if you received a payment from the program it had to have come from the payments that another member made to the program. Therefore, if you have received a payment, you received someone else's money. That is the problem with a Ponzi scheme, once it collapses a lot of people get hurt. There is no way to make everybody “whole” and most people will lose money as there simply won't be available funds to make everybody “whole.” The reason that is, once people withdraw their “payouts” or “earnings” out of StormPay, that represents other peoples money, and if the only money coming in is from new “investors” (and not any other source), there is no “new” money available to make payouts or even refunds to some members.

    Assume you have a customer (customer #1) who funds their StormPay account with $1000 and sends that money to one of these “Auto-Surf’s”. Then customer #2 follows up by funding their StormPay account and thereafter sends $1200 to the same “Auto-Surf”. Thereafter, the “Auto-Surf” sends $1200 to customer #1 for their percentage of promised “return” on their original “payment" and thereafter, the program shuts down as it did in these cases. In a Pyramid type operation/program/scheme there is no longer any new money coming into the program to pay back customer #2. Customer #2’s payment was what was used to pay customer #1. If this is not a Pyramid operation there should be money to refund customer #2 but there is not in this case. StormPay Inc. cannot allow customer #1 withdraw the money in his StormPay account (which was received from the “Auto-Surf”) into his own personal bank account, since it is really the money belonging to customer #2. The only solution is to reverse as many of the funds as possible so that many more victims of the ponzi/pyramid schemes can be reimbursed their original “investment”. Keep in mind that many of the first people into the schemes have already withdrawn the funds rightfully belonging to the later participants. Despite our best efforts to correct the seemingly wrong doing of these “Auto-Surfs”, there simply will not be enough remaining monies to make everyone “whole”. Again, this is due to those admins and other participants of the programs’ who have withdrawn monies rightfully belonging to others. StormPay Inc. is currently undergoing an audit, near completion, and done with our absolute and complete cooperation, which will show that every penny of money we have ever had control of can and has been accounted for.

    StormPay does not permit the processing of payments for any illegal program and our Terms of Service expressly prohibit the processing of any payments for any illegal Ponzi or Pyramid scheme. Our Terms of Service do expressly provide:

    “17. Get Rich Quick" Schemes: Get Rich Quick Schemes are prohibited resell items by StormPay. Get Rich Quick schemes include any type of self-employment, start-up businesses, or investment opportunity where the claims of profit or returns on investment are unrealistic or unsupported. By law, if a business opportunity costs $500.00 USD or more, the promoter is required to support any claims regarding earnings or profits with written documentation.

    Pyramids don't pay. StormPay Inc. and the Federal Trade Commission caution consumers about clubs or programs that promise quick money for recruiting new members. Don't bank on the pyramid promise that someone else will pay you. For more information on get-rich-quick schemes, visit the FTC at www.ftc.gov.”


    There are claims afloat that StormPay Inc. has performed unauthorized charges from customers’ bank accounts or credit cards. StormPay can, and will prove to any and all investigators that all charges made were made from each individual’s own computer, or a computer from which the customer has accessed, and was an authorized charge by that customer. StormPay Inc. intends to investigate each and every assertion wherein it has been claimed that StormPay Inc. initiated and unauthorized bank or credit card debit, and will prosecute those persons, and seek recovery of, all funds wrongfully charged back, including all costs involved to do so.

    StormPay Inc. would like to take this opportunity thank it's customers for their continued support - past, present, and future. We very much look forward to the time in which all investigations have been completed and the truth is revealed to the public and our valued customers. We anticipate having access to our website in the coming hours and resuming normal business operations.

    Sincerely,

    StormPay Inc.
    1690 Golf Club Ln.
    Clarksville, TN 37043
     
    balkanboy, Feb 12, 2006 IP
  6. PedstersPlanet

    PedstersPlanet Peon

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    #6
    Anyone know any alternatives which are UK based, or has an international presence? I'm with Paypal and Nochex, and just wanted to broarden my options further.

    TIA
     
    PedstersPlanet, Feb 12, 2006 IP
  7. ForumPosts

    ForumPosts Peon

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    #7
    I'm really liking eGold.

    I forgot my account number a while back (requesting it by their website contact), and instead of the impersonal email you'd get with Paypal, I had a representative on the phone within a couple of hours.

    The money is also tied down to the price of gold on the stock market (a pretty safe investment), so you usually make back the fees they charge if it's left in their a week or so.
     
    ForumPosts, Feb 12, 2006 IP
  8. dashboard

    dashboard Peon

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    #8
    egold / moneybookers / epassporte
     
    dashboard, Feb 12, 2006 IP
  9. arnek

    arnek Active Member

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    #9
    I would go with moneybookers, they support quite a few currencies and I've never heard anything bad about them, except , SLOOOW service(support)
     
    arnek, Feb 13, 2006 IP
  10. demosfen

    demosfen Peon

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    #10
    E-gold is the best option, thanks to your balance being tied to the price of gold.
     
    demosfen, Feb 13, 2006 IP
  11. YIAM

    YIAM Notable Member

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    #11
    I want to buy some egold from paypal. Please tell me the best place.
     
    YIAM, Feb 16, 2006 IP
  12. bluemouse2

    bluemouse2 Well-Known Member

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    #12
    stormpay is good. I like them
     
    bluemouse2, Feb 16, 2006 IP
  13. PedstersPlanet

    PedstersPlanet Peon

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    #13
    Glad to see theres humor around here
     
    PedstersPlanet, Feb 16, 2006 IP
  14. demosfen

    demosfen Peon

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    #14
    I don't know if there is a straightforward way to pay for egold with paypal, but here is a forum related to e-gold buy/sell services - http://www.goldcatalogue.com/forums/index.php?c=1
     
    demosfen, Feb 17, 2006 IP
  15. wert

    wert Well-Known Member

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    #15
    safepay.com
     
    wert, Sep 12, 2007 IP