Just got this... think I'll stick with CCBill as sole processor from now!!
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NexusXI would like to notify each of its valued clients that we will no
longer be processing through Visa and MasterCard outside of Canada. With the
ever-increasing scrutiny by the credit card associations with regards to
IPSPs, we feel that we can no longer offer reliable credit card processing
to international clients. We have decided to withdraw from Visa and
MasterCard processing outside of the Canadian market.
NexusXI will no longer process Visa and Mastercard as of midnight (MST),
Friday, May 15th, 2004.
All of the accounts at our acquiring banks remain open and in good standing.
All NexusXI account holder's funds are completely secure; regular payouts
and holdbacks will be dispersed as usual. Your account will remain open and
accessible at
www.nexusxi.com. All password management functions, consumer
and merchant services will be operating as normal.
With the recent news of yet another processing company declaring bankruptcy,
NexusXI's decision to no longer process Visa and Mastercard is a prudent
decision, and in the best interest of our current clients. NexusXI will be
focusing on its existing services as well as the Pay Per Minute billing
system to be released this month.
This is not the closure of another online processor. This is a business
decision made to enhance the services NexusXI has already developed, and we
look forward to a long and prosperous business partnership with our valued
merchants.
--
Regards,
Brenda Guenther
Nexus XI Communications Inc.
Tel: 1-780-421-5490 ext. 207
Fax: 1-780-669-7013
Email:
[email protected]