News Flash: NSFG, 12DailyPro Issues, Alien Trust
Posted by rabbit on February 2nd, 2006
North Sea Forex Group (NSFG)
NSFG, one of the best high yield programs on the net at the moment, will be closing to new members on March 25th. You can read more about it here. If you would like to learn more information about the program and to join you can send a blank email to info@ns-fg.com.
12DailyPro has been having some serious issues with Stormpay, their payment processor, recently. Two days back there were told by Stormpay that they would need to remove EMO as a payment option in order to have access to their Stormpay funds. 12DailyPro relunctantly complied with the request and removed EMO as a payment option two days ago. Yesterday without warning Stormpay decided to freeze 12DailyPro’s account. Up to this minute 12DailyPro has not been told why their account has been frozen, even though they have made numerous phone calls with their lawyer. Now speculation is rife that Stormpay is having a cash flow issue. 12DailyPro has a huge Stormpay withdrawal request from last week that has not yet been honoured, even though they were told 12DailyPro that it would get the withdrawal once they remove EMO as payment option as requested.
The situation that is happening here reminds a lot of a similar case that took place with another payment processor called Evocash in the summer of 2004. By the end of the summer they were out of business taking thousands of people’s money with them. The situation also reminds me of IntGold’s cash crunch situation last year when they were not able to pay out money owed. While Intgold is still around, no one is really using it anymore. Most ecurrency exchangers have abandoned it, and programs are no longer using it as a payment option.
My suggestion to all of you would be to wind down any business dealings you have with Stormpay. It is much better to deal with currencies / processors with good business ethics. I for one will be taking my money out of Stormpay at the earliest, and will be reducing my stake in programs that only accept Stormpay (ex. Alient Trust).
You can follow the ongoing saga here.
Alien Trust
Alien Trust is working on some technical problems with the site and is not accepting new members and upgrades at this time. Existing members will be credited for the downtime and are not required to surf.
February 3rd, 2006 (2 days ago) at 2:20 am [ Quote ]
It’s looking mighty shaky in the world of autosurfing. All I can say is, if StormPay doesn’t unfreeze 12DP’s account (and the other autosurfs), chances are, many people are going to feel the pinch.
February 19th, 2006 at 3:48 pm [ Quote ]
Yes agree. A lot of people have a lot of money tied up in these autosurfs — especially 12DailyPro.