I'm curious as to Stormpay's definition of a "commission based" business model? I have already submitted a ticket to see if I can get an idea on if this is going to effect PTR as well as the autosurf industry. If and when I get a reply, I will post it here.

I realize a lot of people are upset with Stormpay right now, which I understand...but honestly, isn't this similar to what Paypal's been doing to PTRs all along? Seems to me that the processors are trying to cut each other out of the picture but they keep screwing over those of us who are trying to run honest businesses instead of stopping the scammers (supposedly their intentions).

Just my thoughts on the newest developements in "The Days of Our GPTs"...lol!

Tina G

as far as i know paypal hasnt blackmailed anyone to only use paypal, they have frozen accounts from some webmasters because of their policy which i dont see as bad since they are only trying to stop fradulent buisness and not forcing anyone to only use paypal

cheers

Actually paypal has only forced people into following thier aup which has a lot to do with government policies not just paypal. Their aup follows alot of what the banking commission allows and doesn't allow so their acceptable use policy is not by any means forcing someone to choose 1 processor only to abide by theirs to use it. Not much different then a ptr's terms of service really.

The other thread I did post where one can file a complaint on stormpay as what they are doing in essense is illegal. It is a form of trying to monoplize an industry.

http://www.getpaidforum.com/forums/sensati...s_-t425152.html

I realize the situation with Stormpay vs. Paypal is not exactly the same...I just meant that a lot of people were upset with paypal and dropped them as a processor due to all the rules.

What I'm afraid of with Stormpay is what happened with Paypal in as far as a lot of honest webmasters had their accounts frozen and then not being able to get a straight answer from Paypal. Every employee at Paypal seemed to have a different interpretation of the AUP so it got very confusing for a lot of people.

I just want to know if PTR is next on their list so I can remove SP from my program. I may have to use them if I want to continue with many of my autosurfs but I will not be forced to use only them for my program. Right now I have too much invested through stormpay to immediately drop them for my surfing.

Tina G

[center]HORRIFIED BY STORMPAY! :wallbash: [/center]

I was horrified to read the news today about Stormpay's new terms. In fact, I went through and re-read the whole user agreement. So what are the advantages of Stormpay? :huh:

1) The fee to Receive Payments: Non NetIBA Certified: 6.9% plus 69 cents per transaction. :unsure:

2) The chance to lower your fee by becoming NetIBA Certified: 2.9% plus 39 cents per transaction. Of course, to certify your email address for 1 year is 19.99. (If you want to certify your auction username it's a seperate charge of 19.99/year & to certify a website domain is 19.95/year).

Thus, you have to make more than 19.99 a year + 2.9% and 39 cents per transaction before you ever actually make a profit. :thumbdown: -Nevermind that StormPay and NetIBA were incorporated by the SAME person. Mr. John McConnell Jr is the registered agent, the principal officer, and the customer service contact of NetIBA. This man is also the registered agent of Stormpay. For more info on this: http://www.mystormpaylawsuit.com/. (Steven Girsky is the CEO and Customer Service contact for StormPay. I find it amusing that the Chief Executive Officer is also the customer service contact; If I was basically a one-man or 2 or 3-man business, as it sounds like StormPay might be, I wouldn't bother giving myself the title of CEO. :lol: )

So, StormPay is basically verifying themselves and then taking 19.99 a year from you (through NetIBA) so that they only take 2.9% plus 39 cents of your hard-earned money. :wacko: As if it's not hard enough for us to make money in this industry in the first place! :angry:

3) The chance to give your personal information and money to a random, rather suspicious company, NetIBA. Regarding NetIBA, The Better Business Bureau states: "The Bureau has requested basic information from this company. The Bureau has not received a response." <_< (goto the BBB website & look up NetIBA).

So this company comes out of nowhere and supposedly verifies email addresses, etc. Yet in their user agreement, "NetIBA specifically disclaims any warranty . . . v) that the security methods used in providing services will be sufficient, or (vi) regarding correctness, accuracy or reliablity of software, hardware, internet connections, or data of NetIBA." http://www.netiba.com/about.php?view=agreement :o No warranty for security methods? That sounds to me like I wouldn't want them to have any of my personal information! If they can't guarantee their data is correct, accurate, or reliable, then their "verfication" is not any good. :blink:

I find it amusing that they state they have no competitors. What about Verisign? Compare their site to NetIBA! http://www.verisign.com/index.html Of course, Verisign doesn't try to distract from their primary purpose of providing security by offering an affiliate program, which, by the way, the rules for it take up more than half the user agreement! - Oh and you have the benefit of only using Stormpay to provide and receive payment from NetIBA.

4) The benefit of not being able to change or delete your bank account information without emailing them. I'm assuming you just have to ask them to delete it for you and 'trust' that they do so. :ticked:

5) The privledge of doing business with a company that tries to monopolize the industry by force rather than through striving to be superior. In fact, can someone explain this paragraph from their user-agreement to me (#28):

"Using more than one payment processor is exactly the situation that ?fraud? seeks out. This enables the fraudulent user to set up a fake profile with either of the processors, make a purchase or join the program, and then withdraw their earnings to the other processor where the real identity is used. This sort of activity makes it nearly impossible for either processor, or law enforcement to properly handle the fraud because the ?trail? comes to an end. This is the cause for a great many chargebacks to those merchants which can be avoided." :blink:

I really don't understand how this enables fraud. Besides which, is this even legal? <_< I really hope someone looks into that!

With these fabulous advantages that Stormpay brings to the table, I'm sure no one will understand why I choose Paypal over StormPay. (I mean, why would I want a processor that doesn't charge me anything to send or receive money with my personal account?) :blushing:

I don't think the Paypal problem even came close to this issue. I know that some of you will disagree, having had your accounts frozen & some of you having lost money. I can totally understand why you would not want to use Paypal again. On the other hand, it seems that problem has been solved. As I am not a fan of e-gold either, there does not seem to be an easy solution. :(

However, I strongly urge Program Owners not to choose StormPay. They have no right to demand exclusivity or exclusion. We should not allow them to monopolize the industry. We do have a choice. Now is the time to take a stand! It won't be easy but it can be done! Whatever happens, I wish everyone the best! :dirol:

I might be wrong, but doesn't paypal have a $750 spending limit for life? Of course, though, I would prefer to add a credit card to paypal if I absolutely had to.

On the other hand, this is a good joke.

From the PayPal user agreement: "Based on the information you provide, we will determine your Sending Limit. Generally, accounts that have a confirmed email address and credit card on file may send up to $2,000.00 USD. Accounts that are Verified by adding and confirming a bank account will receive a higher Sending Limit or no limit at all."

Wheres the guy who has for a month or two at least been against stormpay?

In his sig he has his forum post where he gives us lots of prrof and pictures.

I was just wanting him to speak up on this issue.

I sure hope he hasnt been banned or left us.

If you read my email above, I link to the page you are referring to. The link is http://www.mystormpaylawsuit.com/

actually I did read your post above and that isnt the link Im refering to as Ive never seen that page before untill today.

Not to be rude though.

I have no sending limit imposed on my account and have received LARGE payments as well (both sides of a transaction).

I have to agree with you friend , stormpay fees is incredible high ! With that fees , no ptr site can accept stormpay , only for auction and other business .

mirrormask?
http://www.getpaidforum.com/forums/mirrormask-m67816.html

thanks a lot 4cutecats thats who I was talking about.

His post gotten from his sig "Please do not support dishonest payment processors"
http://www.getpaidforum.com/forums/index.p...5&#entry4163565

lol hes not banned and hes not inactive one bit lol hopefully he'll find his way over here.

Guys, I didn't even realize you mentioned me here. I was reading through different topics and liked Mystery's post, so I quoted some of it to someone, and later noticed that you were asking for me. :lol:

I'm still around and I still think that StormPay is a scam. But this is somewhat of a bad timing. As I posted in a different thread, I'm beginning to burn out on the whole GPT thing. Really disappointed in it. And tired of warning people away from scams. It feels good, yes but I also have to deal with a lot of personal attacks because of it. Sure, I've gotten compliments too and they feel great. But the whole GPT thing is becoming a bit too stressful for something that's supposed to be an enjoyable hobby.

You guys have a good discussion going here and are already doing a great job without me. I will just say one thing - StormPay's decisions have always been guided by greed. And nothing good ever came out of greed.

Just IMO. :)