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View Full Version : Notice to all IA Cash affiliates Re: Paymonde/MVC closing

Kenny B
11-16-2006, 02:50 PM
It was announced this week that Paymonde (previously MyVirtualCard) has ceased operations; according to their website they are going out of business.

I want to assure you, regardless of the situation, you will be paid on all Paymonde/MVC sales and rebills made prior to today’s date. Unfortunately we have no control over the actions taken towards Paymonde/MVC by their banks, we will assume responsibility for our processor and pay affiliates in full.

IA Cash used Paymonde/MVC as a secondary processor. All CCBill sales are fine (past, present and future) and it is business as usual; not to worry.

Paymonde’s CEO has made a statement you can read here (http://www.xbiz.com/news_piece.php?id=18162) regarding the unfortunate events that lead to their decision to close the doors. There has been much talk (good and bad) done on various message boards regarding the owners. I firmly believe that this was not a malicious cash grab attempt or a scam by any means.

Thank you for your understanding in this matter and your continued support. Please do not hesitate to contact me if you have any questions or concerns.

Thanks,
Kenny B!
ken@iacash.com
icq: 234-817-781
Toll Free: 866-735-8805
Evil Chris
11-16-2006, 04:24 PM
A shame to see anyone go out of business.
Funbrunette
11-16-2006, 04:26 PM
Sorry to hear that...I had no idea...!
Kenny B
11-16-2006, 05:35 PM
It really is a shame Chris, Howard was at all the shows and worked hard to build his business.
TastyDollars Ray
11-16-2006, 05:52 PM
Fucking sucks hard! :(

Submitpasses lost some money as well
Vid Vicious
11-16-2006, 06:05 PM
I feel for both of them ..

Cudos to you Kenny for the stance you've taken ... bravo!
lulu
11-16-2006, 08:41 PM
wow, i feel for them. they worked so hard.
Kenny B
11-17-2006, 09:39 AM
It is a shitty situation for all involved. Most of us know Howard and Norton on a somewhat personal level and know this wasn't their plan. They have been torn apart on other boards before any of the payments were even late.

The guys on GFY who are trying to get their clients to do mass chargebacks will make sure no body gets paid.
Terrence
11-17-2006, 04:06 PM
Didn't see that coming :geez: sucks for those guys
Evil Chris
11-17-2006, 04:09 PM
I remember when it happend to other companies and the fallout because of it.
I'm happy to hear nobody got slammed too hard.
Jimmidean
11-22-2006, 06:54 AM
I liked those guys alot and they worked hard to build there company its a shame.
We have also emailed all our webmasters and will be paying them out of our pocket if we have to.
Great to see you taking care of your webmasters Kenny.
Stephane76
11-22-2006, 04:11 PM
Pissed off a lots of people... sad story