News PacNet (Chexx Inc) named Criminal Organisation by US Government

[Konda]

https://www.biv.com/article/2016/9/v...ganization-us/

This will probably affect a lot of people here as their "Chexx Inc" company is used by many programs to send their affiliate payouts (checks, wires, direct deposits, etc.)

So expect delays in affiliate payouts from some programs and maybe even bounced checks for checks that were already received and not cashed yet

[JJE]

Paxum use(d) Chexx Inc. for wire withdrawals. Wonder what's going to happen there. Might be some more downtime in Paxum sorting out a new provider.

I also think they provide services for AWE. Might be a lot of problems for people getting paid there.

[freecartoonporn]

i remeber pacnet services was being used by payoneer services for funds depositing directly into bank accounts/.
but then they ditched them and got onboard with rivera digital

[Konda]

The life and crimes of Sin City's million-dollar mail fraudster

[BigFurry]

Damn - the European EFT (SEPA) withdrawals in Paxum have also been sent from a company named PacNet. Sucks.

[Mooby]

Paxum still use Chexx Inc for check withdrawls. Has anyone received one of these checks recently?

Waiting for Ruth to chime in on this one...

[Barry-xlovecam]

Unfortunately, it's all about cash flow.

Your money is not in motion -- the money is frozen.

[Brian mike]

Originally Posted by Mooby

Paxum still use Chexx Inc for check withdrawls. Has anyone received one of these checks recently?

Last week. I live in Canada, so far so good.

[Konda]

Originally Posted by Mooby

Paxum still use Chexx Inc for check withdrawls. Has anyone received one of these checks recently?

Waiting for Ruth to chime in on this one...

I guess checks cashed until PacNet's accounts got frozen (yesterday) were still good, but for people that received checks and haven't cashed them yet it might be an issue now that their US accounts are frozen and the company was added to the US Government blacklist. Checks came from names like "The Payment Factory", I'm sure most affiliates have had those.

I know many big affiliate programs use Chexx for their checks and wires and based on the comments in this thread apparently Paxum uses them as well to for non-card withdrawals so I think this will affect lots of affiliates.

Most affiliate programs fund their Chexx account like a week before payouts are due, so it really sucks if their funds get frozen while 'in motion'.

Exposed: The secret powerhouse processing millions in global fraud

In an unprecedented move, the U.S. Treasury Department has deemed PacNet a "significant transnational criminal organization" landing it on the same short list as some of the world's most notorious mobsters, drug cartels and murderers.

The government's black list newest member

[Mooby]

Originally Posted by Brian mike

Last week. I live in Canada, so far so good.

It will affect Paxum's US customers more, since USD withdrawals were processed by Chexx Inc and drawn on a bank in SC.

[JJE]

I think the implications for Paxum are quite big, too. From what I can tell, they use Chexx for EFT and wires, perhaps all non-card withdrawals globally (all I've used for some time now). I'd like to hear from Ruth.

I submitted a wire a few days ago which was processed, I'm starting to wonder if it'll arrive now. I can't see how they could continue to use Chexx while this problem is in place. Even though Chexx seems to be caught in the net thrown rather than directly implicated in the mail stuff, I don't think there's a timely fix around the corner.

[Paul Markham]

This happened before and the money was frozen for a long time. A lot never got paid.

Needs AdultCentro to get onto this and not transfer next months money to Paxum. Until it's all cleared.

[Konda]

Originally Posted by Paul Markham

This happened before and the money was frozen for a long time. A lot never got paid.

Needs AdultCentro to get onto this and not transfer next months money to Paxum. Until it's all cleared.

That was WebmasterChecks I think, but seems to be a similar situation.

In regards to Paxum, It should not affect transfers TO paxum, nor card funding/withdrawing. But if they indeed use Chexx Inc for all non-card withdrawals it still might affect quite some people here, unless they already have set up backups.

[Mooby]

Originally Posted by Konda

That was WebmasterChecks I think, but seems to be a similar situation.

I believe those affiliates finally got paid, but the original payments bounced. I'm not sure if WebmasterChecks finally paid out or if a different processor was used.

[cybermike]

Is this why requesting checks from paxum I'm getting

Errors :
Service temporary restricted. Please try again later.

[Konda]

US authorities name Irish figures in Pacnet fraud investigation

Chexx mentioned here as well

Chexx already informed program owners not to send any transfers anymore

I wonder how many programs sent them money for affiliate payouts recently that might now be frozen. And how many affiliates might have uncashed checks that can probably not be cached now.

And any news from Paxum? Do they have any other providers for their non-card withdrawals besides Chexx/Pacnet?

[rabbit]

not sure how big the impact will be just yet... we promote thousands of sponsors and only one was using Chexx for checks- hugetraffic.
cant say how many were using for wires- to affiliates or to paxum

[JesseQuinn]

this is not good :/

from what I understand from Luke the situation with Chexx account funds is as follows:

-ACH and UK/CA EFT is not available
-SEPA EFT is working
-US/UK/CA checks are not working, not sure about Euro checks
-wire is working

so account funds are not frozen, at this point at least. I'll be testing both wire and SEPA EFT today and will report back if there are any issues

I'm really hoping this isn't the end of Chexx. They've been a wonderful company to work with and it would really suck to have to run my biz without them.

[Konda]

Originally Posted by rabbit

not sure how big the impact will be just yet... we promote thousands of sponsors and only one was using Chexx for checks- hugetraffic.
cant say how many were using for wires- to affiliates or to paxum

I know that quite a few big programs use them, the checks usually say "The Payments Factory" and wires come from different companies such as "Option Logic" and "Counting House"

[robwod]

One would assume, or hope, that any programs negatively impacted by this would communicate relevant information to affiliates regarding existing undeposited checks, or delays in forthcoming checks.

[rabbit]

Originally Posted by robwod

One would assume, or hope, that any programs negatively impacted by this would communicate relevant information to affiliates regarding existing undeposited checks, or delays in forthcoming checks.

yes kudos to webclicks.com already sent an email today

[Konda]

Originally Posted by rabbit

not sure how big the impact will be just yet... we promote thousands of sponsors and only one was using Chexx for checks- hugetraffic.
cant say how many were using for wires- to affiliates or to paxum

Some others that use(d) them: Mindgeek for all their programs, SexTronix, 21stCentryCash,
Hentai Biz, those checks usually say Affil-Support LLC but it's also Chexx Inc or at least used to be.
There are probably lots of others as well where it shows other company names but still is handled by Chexx Inc.

[Paul Markham]

Originally Posted by Konda

That was WebmasterChecks I think, but seems to be a similar situation.

In regards to Paxum, It should not affect transfers TO paxum, nor card funding/withdrawing. But if they indeed use Chexx Inc for all non-card withdrawals it still might affect quite some people here, unless they already have set up backups.

I'm getting a bank transfer from AdultCentro via Paxum. So need Ruth and someone from AdultCentro to speak up on this.

[xXXtesy10]

cominng soooonnnn.

[xXXtesy10]

"When we called the company named in the posting, the CEO was horrified to hear that Burke might be seeking investments on behalf of his company.
"I did not authorize any of this -- I have no knowledge of this," he said. "I don't want nothing, nothing, nothing, nothing to do with him."

like lube assholes?

[Petra]

Got this earlier today from Payoneer:

Major news outlets have recently reported that the Canadian payments processor PacNet Services Ltd. is currently under investigation by law enforcement for involvement in mail fraud schemes.

For a minimal portion of our payment routes, Payoneer relied on PacNet as third payment party payment provider. Upon learning of the allegations against them, Payoneer immediately ceased all business operations with PacNet.

This development surprised Payoneer as it did the entire payment industry. We are currently in the process of finding alternative methods and routes for those previously served by PacNet. As such, some of the payments you have recently issued may be delayed.

Your patience and understanding in this matter are greatly appreciated.

[anexsia]

Would this affect Paxum withdraw to Bank account? I'm just curious because I was going to switch some affiliate payment methods to Paxum so I could send it to my bank account.

[Mooby]

Originally Posted by Petra

Major news outlets have recently reported that the Canadian payments processor PacNet Services Ltd. is currently under investigation by law enforcement for involvement in mail fraud schemes.

For a minimal portion of our payment routes, Payoneer relied on PacNet as third payment party payment provider. Upon learning of the allegations against them, Payoneer immediately ceased all business operations with PacNet.

This development surprised Payoneer as it did the entire payment industry. We are currently in the process of finding alternative methods and routes for those previously served by PacNet. As such, some of the payments you have recently issued may be delayed.

Your patience and understanding in this matter are greatly appreciated.

Still waiting in a similar statement from Paxum. So far the silence is deafening...

[xXXtesy10]

[RuthB]

CNNMoney recently broke the news that PacNet Services Ltd, is currently under investigation by the US Attorney General for global mail fraud.

Paxum would like to inform and reassure its clients that Paxum has no direct affiliation with PacNet Services, now or in the past, and we are very surprised by the situation.

Paxum only used Chexx Inc (PacNet) as a third party payment provider for Check and EFT Withdrawals, and as a result of the allegations and current US government investigation, we have ceased all business with Chexx Inc.

Unfortunately, as a result of this situation, Paxum has been forced to cancel all Check Withdrawal operations for the current time. We do not yet have a timeline for its return. EFT withdrawal will be temporarily unavailable until we move to a new processor.

Wire withdrawal will not be affected, and ACH withdrawal (withdrawal to US banks) is also unaffected.

We are currently in communication with Chexx Inc to determine which payments have already been issued, and which are pending. Upon receipt of this information we will return correct balances to all affected accounts.

We greatly appreciate your patience and understanding at this time, and we apologize in advance for any inconvenience caused as a result of this unexpected situation.

[JesseQuinn]

^^^^thanks for that info

received this update:

"...received an update from our Accounting Team concerning the holds affecting all bank accounts affiliated with Chexx Inc. At present, we are unable to process payments from any of our bank accounts in any currency or payment method, including wires back to our clients. These restrictions affect our bank accounts both in and out of the United States.

(snip)

Any payment files that have not yet been processed should be considered void and we recommend looking into alternate payment processors to fulfill any outbound payment needs.

While we do not have a time frame for this hold, the Marketing Team for our parent company will be updating the PacNet website as news comes in:

https://pacnetservices.com/

Thank you,"


I have just over 26k frozen by this. trying not to throw up right now

[xXXtesy10]

[JJE]

Ruth, you say wires are still working however previous wires I've received are from 'Chexx' (non-USD). Are they now from a different provider? I don't want to issue any new wires if they aren't... Dare say most other people would agree. And would a wire I submitted (and received an email it was processed) last Thursday/Friday have been halted? I've not received it yet.

On the bright side, hopefully the new EFT provider has a more reasonable withdraw limit.

[ErectMedia]

Middle Men Part 2 in theaters soon...

[BigFurry]

Ruth, couldn't you use TransferWise for European EFTs? And let them exchange the USD, at their rate.

[xXXtesy10]

[incredibleworkethic]

Originally Posted by ErectMedia

Middle Men Part 2 in theaters soon...

Yep, and I bet he could make it in plain sight lol.

[Konda]

Originally Posted by JesseQuinn

^^^^thanks for that info

received this update:

"...received an update from our Accounting Team concerning the holds affecting all bank accounts affiliated with Chexx Inc. At present, we are unable to process payments from any of our bank accounts in any currency or payment method, including wires back to our clients. These restrictions affect our bank accounts both in and out of the United States.

(snip)

Any payment files that have not yet been processed should be considered void and we recommend looking into alternate payment processors to fulfill any outbound payment needs.

While we do not have a time frame for this hold, the Marketing Team for our parent company will be updating the PacNet website as news comes in:

https://pacnetservices.com/

Thank you,"


I have just over 26k frozen by this. trying not to throw up right now

Damn that sucks. I am wondering how much big companies like MindGeek have pending there as they also use them for all their programs.

I knew this would have quite an impact in this industry because so many companies here relied directly or indirectly on Chexx Inc. and I didn't even Paxum and Payoneer also used them, but luckily it seems only for parts of their business and not for everything.

[Petra]

Originally Posted by Mooby

Still waiting in a similar statement from Paxum. So far the silence is deafening...

I've asked what services are affected and I don't even hear crickets. It's pretty concerning since this is our main method of payout to performers and affiliates.

[Konda]

Originally Posted by Petra

I've asked what services are affected and I don't even hear crickets. It's pretty concerning since this is our main method of payout to performers and affiliates.

Their statement is listed above
"Paxum has been forced to cancel all Check Withdrawal operations for the current time. We do not yet have a timeline for its return. EFT withdrawal will be temporarily unavailable until we move to a new processor."

[Paul Markham]

Are Bank Transfers to Europe unaffected?

[myleene]

Are canadian drawn cheques frozen too?

I think I have 4-5 in the mail.

I want to deposit my money.

[Petra]

Originally Posted by Konda

Their statement is listed above
"Paxum has been forced to cancel all Check Withdrawal operations for the current time. We do not yet have a timeline for its return. EFT withdrawal will be temporarily unavailable until we move to a new processor."

Yea, that's paxum. But my comment was about payoneer. Probably a little more confusing since a mod merged the payoneer thread into the pacnet thread.

[anexsia]

Paxum said ACH/Withdraw to US banks is working but when I usually do withdraws to my US bank I select the "Withdraw To Your Verified Bank Account (EFT)" option. So would that option work or not work? I just don't want to have payments sent to my account if I can't do the "Withdraw Funds to Your Verified Bank Account (EFT) - Takes 5-7 business days" option."

The Paxum site states "EFT withdrawal will be temporarily unavailable until we move to a new processor. Wire withdrawal will not be affected, and ACH withdrawal (withdrawal to US banks) is also unaffected."

Isn't the ACH withdraw to US banks the EFT option?

[Paul Markham]

Originally Posted by Paul Markham

I'm getting a bank transfer from AdultCentro via Paxum. So need Ruth and someone from AdultCentro to speak up on this.

I need Ruth to tell me this or someone from Paxum.

[Caldo]

Hope this will be fixe soon ...

[topadult]

So, if we have $ in Paxum or Payoneer account now, is it safe?

[CAHEK]

Originally Posted by topadult

So, if we have $ in Paxum or Payoneer account now, is it safe?

[Brian mike]

Originally Posted by topadult

So, if we have $ in Paxum or Payoneer account now, is it safe?

I asked that same question to Ruth few minutes ago and she said were safe

[RuthB]

Originally Posted by topadult

So, if we have $ in Paxum or Payoneer account now, is it safe?

Yes, your funds are safe with Paxum.

The only Paxum services that are affected by this situation are Check Withdrawal and ACH/EFT Withdrawal.

You can still send and receive transfers without issue.
Paxum cards are operating normally
Wire withdrawal is operating normally
Add funds by wire is operating normally

ACH (which is EFT withdrawal to US bank accounts) will be back ASAP with EFT reinstated shortly after that.

Thank you in advance for your patience and understanding, we greatly appreciate it.