PSW Speaks Up

[TheLegacy]

In case you missed the article - psw has come out with a statement regarding what has happened - they seem to be not over-reactiing and doing it by the book so that they will stay afloat and not go under.

Still supports my theory that we eat our own wounded


http://www.avnonline.com/issues/2003...111203_8.shtml


Some interesting notes::

Lombardi said PSW's attorneys have blocked them for giving "vast detail" on legal proceedings involving the company and Visa/Mastercard and, in a separate case, two Internet companies and a major bank. But he did say lines of communication are established and PSW is pleased so far with the progress.

Lombardi acknowledged, however, that many company staffers - including himself - are working without drawing salaries, "and all but mission-critical spending has been cut.

PSW is negotiating with Visa and MasterCard over what PSW in September called "friendly fraud," meaning customers claiming never to have made the transaction in the first place but the credit companies still charging $100 chargeback fees on such transactions, which PSW called "unfair and unjustified." PSW is also in litigation against E-Commerce Billing and Processing, Fenlight Properties, and Leumi Bank over breach-of-contract and unfair trade practices, including charges they began unfounded rumors that PSW was going out of business in midsummer over a broken credit processing deal.

[TheLegacy]

no one gives a shit about pswbilling ?? guess everyone is in agreement with this then

[brand0n]

i went with ibill and have never had a problem

[DarkJedi]

Anyone got the new J Lo cd ? Its pretty good.

[basschick]

TheLegacy, it's not that we eat our own wounded (although they can be good with a little pepper and salt).

psw isn't paying people. that's fucked up. when they first stopped paying people, they DID pay for a booth at internext plus promo stuff. that's bullshit. paying what you owe is what will keep your trust with your customers.

but also when people get upset on threads, wondering if they will get paid, they ignore them. come on - they owe darren $300,000. is he supposed to just go "well, psw posted a month ago that they would start paying us. i'll just sit here patiently for as long as it takes."?

also psw specifically told us that the problem was their bank, and that they had gone to another bank and the problem was fixed.

whatever problems they are having, they are not communicating, they are not paying, and they are not making paying who they owe money to a priority. some people rely on money they get from their sites to pay their rent. they don't get out of paying their rent by saying "well, my processor needed a booth at internext when they couldn't afford it and now they're having problems. i'll pay you as soon as they pay me."

that is not how to do business in any industry.

[TheLegacy]

Originally posted by basschick
TheLegacy, it's not that we eat our own wounded (although they can be good with a little pepper and salt).

psw isn't paying people. that's fucked up. when they first stopped paying people, they DID pay for a booth at internext plus promo stuff. that's bullshit. paying what you owe is what will keep your trust with your customers.

but also when people get upset on threads, wondering if they will get paid, they ignore them. come on - they owe darren $300,000. is he supposed to just go "well, psw posted a month ago that they would start paying us. i'll just sit here patiently for as long as it takes."?

also psw specifically told us that the problem was their bank, and that they had gone to another bank and the problem was fixed.

whatever problems they are having, they are not communicating, they are not paying, and they are not making paying who they owe money to a priority. some people rely on money they get from their sites to pay their rent. they don't get out of paying their rent by saying "well, my processor needed a booth at internext when they couldn't afford it and now they're having problems. i'll pay you as soon as they pay me."

that is not how to do business in any industry.

Thank you for your feedback, finally someone is saying something. I guess that at times I get a bit upset when someone is in trouble and we quickly jump on them. I am not making light of Darrens situation or others who money is owed too...hell if I was in their situation I would probably be booked a flight to rhode island to find answers myself... its only that this is the first time that PSW finally said something and no one seems to care or try to understand that it may not be their fault.

As for internext - I was with the understanding that they arent going to internext - or paying their employees - or doing any advertising until they get this sorted out...its not like they are blowing money around.

I am not associated with psw, but I just feel that until they get their shit together, we shoudnt be all over their asses for something that may or may not be their fault. Prefer to look at it honestly and see if they are battling someone in the background to fight to get the money to the people who its entitled too - if so - then they need our support to get it back!!

[basschick]

they did go to internext. do a search on psw and read all the threads. you'll see how after making a lot of promises, they ignore the people they're not paying. you'll see that they did go to internext right after they stopped paying everyone.

[hyper]

i buy short uin and chargeback

[Darren]

Ok fine this situation might not be PSW fault BUT...

When I don't get paid by PSW I have to pay my affiliates out of past earned profits. Why can't PSW do this?

When PSW have moved to a new bank and are still processing and have been for sometime how come they can't pay out on these new transactions that are going through?

Why cut off all lines of communication via e-mail and phone?

Why send checks they know are going to bounce?

Why lie to us.

I do not believe for one second that JON does not have money to pay his empoloyees and to pay people, instead of making a statement to AVN why not e-mail us or tell us on the phone...

The reason he doesn't is because he knows its a pile of shit, he says they pay people when they get disbursements well not paid me.

I do feel sorry for Eileen and Miguel who helped me out so much but there are ways of doing business and PSW simply are not doing it the right way.

Ive backed them for the last 5 months.. PSW contact me u have my details.

[TheLegacy]

Originally posted by Darren
Ok fine this situation might not be PSW fault BUT...

When I don't get paid by PSW I have to pay my affiliates out of past earned profits. Why can't PSW do this?

When PSW have moved to a new bank and are still processing and have been for sometime how come they can't pay out on these new transactions that are going through?

Why cut off all lines of communication via e-mail and phone?

Why send checks they know are going to bounce?

Why lie to us.

I do not believe for one second that JON does not have money to pay his empoloyees and to pay people, instead of making a statement to AVN why not e-mail us or tell us on the phone...

The reason he doesn't is because he knows its a pile of shit, he says they pay people when they get disbursements well not paid me.

I do feel sorry for Eileen and Miguel who helped me out so much but there are ways of doing business and PSW simply are not doing it the right way.

Ive backed them for the last 5 months.. PSW contact me u have my details.

Darren, as I said before - I do feel for you in the situation its just if they are sincere about trying to find a way to get you the money, and if it is not their fault, then maybe we should be patient. I do know for a fact that salaries are not getting paid, and that advertising has been cancelled, and when I was discussing internext, I was refering to this coming one - they are not on the list.

It is hard for me to believe that these people are secretly behind everyones back keeping the money after they have over the years been well respected and assisted many webmasters.

[Centurion]

Originally posted by TheLegacy


I do know for a fact that salaries are not getting paid,

It is hard for me to believe that these people are secretly behind everyones back keeping the money after they have over the years been well respected and assisted many webmasters.

You "know for a fact" that the people at psw are working for free?
You know for a fact that people who have to pay rent/mortgages,
food, clothing, automobile, etc etc are working for free?

And you've never heard of people being secretive behind webmaster's backs?
Ever heard of:
Lancelot
Globill
AcPay
??

[basschick]

TheLegacy, are you really new to this business? webmasters are frequently treated just this way - it isn't scarce.

how do you know people are working there for free, and how WOULD someone with rent to pay who makes no more than maybe $2500 per month continue to afford to do so when they're not getting paid.

psw blames their bank, they change banks and now it's visa's fault. even if all that were true, they should have had cash reserves 'cause things happen in business. they should certainly make paying their webmasters a priority, even if it's only partial REGULAR payments, and they should be in constant daily communication during the problems. but they're not. they feel put upon by their income source and they ignore the webmasters.

Centurion, don't forget wsb on your list of processors that were secretive and non communicative who disappeared on us without paying.

[Centurion]

Originally posted by basschick
Centurion, don't forget wsb on your list of processors that were secretive and non communicative who disappeared on us without paying.

OMG..how could I have forgotten WSB..must be the old "out of sight..out of mind" thing.

And I call not answering their phone, emails, or interacting on major webmaster boards like this one to be VERY secretive!

[Krome]

Any company that changes its name to JP Media and does not tell everyone that they are billing then starts crying when charge back hell happens as people genuinely charge back on what they believe is an authorised charge deserve all they get.

I hope the dumb fuck wit that thought of the idea is not just having his salary with held but has donated his brain to medical research so that the term retard can be properly medically categorised.

[Darren]

Ok this as been bothering...

As we know from october the 1% CB thing kicked in... now with PSW continueing to process a lot less transactions than we put through them what happens if our accounts go over 1% ?

[Centurion]

Originally posted by Darren
Ok this as been bothering...

As we know from october the 1% CB thing kicked in... now with PSW continueing to process a lot less transactions than we put through them what happens if our accounts go over 1% ?

You won't get the money you aren't getting now.

So actually, you're not losing any money this way either.
Of course, you're not making any either.

[gothweb]

Originally posted by Centurion


You won't get the money you aren't getting now.

So actually, you're not losing any money this way either.
Of course, you're not making any either.

And then you will get blacklisted, and not be able to process adult through anyone.

[Darren]

Originally posted by gothweb


And then you will get blacklisted, and not be able to process adult through anyone.

this was my point.

[prostock]

Originally posted by TheLegacy




It is hard for me to believe that these people are secretly behind everyones back keeping the money after they have over the years been well respected and assisted many webmasters.

I myself cant belive you would say a thing like this unless you are with them , I guess globill and wsb didnt do this ether and fuck every one as well ! they played a game with all people till the last minute , and again if i so remeber right and again i might be wrong but i do belive at one time PSW made a statment we have the found to pay people we are a big company and we are not broke , now if i am right then why are they not doing it ?
As well as Darren said they are still doing billing for people so why are they not paying people from there profits there , and please not try to tell me all these people are there working for free ! Shit i need workers like this . I know my guys might go a week but months HELL NO , and we all know he is still getting his fat check at the end of the week !