StormPay Freezing Doubler Accounts

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StormPay Freezing Doubler Accounts
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Posted by: forwardone

Why on earth some Admins of HYIP`s and Cyclers continue to use StormPay I don`t know.

I read this on another forum earlier, which comes as no surprise. Stormpay have a certain notoriety similar to that of PayPal for simply closing customers` accounts and freezing them without any notice.

Quote:

Just heard that StormPay isn't allowing admins of doublers to hold accounts with them anymore, and they are freezing all current accounts. Has any admins of doublers had this problem?

Also do you think they will do the same with HYIPs? I use stormpay quite a bit, and would hate to see this happen.

Geoff

Posted by: betrdanevr

Ugh. I've used Stormpay only when I've absolutely had to, and I doubt that I'll do it again.

GINSystem was accepting Stormpay. Don't know if they are currently or not.

I'm with you, Geoff! Totally risky using Stormpay in an already risky business. Who needs the stress??

Terri

Posted by: buildwealth

Or, another take could be that the likes of paypal and stormpay are attempting to protect their customers and themselves from potential legal ramifications of harboring very obvious illegal ponzi bogus scams in the first place, new money paying out old money, if they pay. the old legal term, if they didn't know they "should have" known better.

a large pile of money sitting idle should start a doubler - put all of that idle money in the doubler First - and let the suckers move it on through. and then there was none. no matter how shameful & obvious a program seems to be, there is always a following, even at a time when there are a considerable number of good paying performing online entities for a change.

paypal is a legitimate legal regulated very visible supervised public stock entity vs these hocus pocus programs.

perhaps one would best be advised to heed the warning when the currency entities want no part of a program or its type. a good Red Flag for all.

but it probably will fall on deaf ears still fighting the battle of which came first, the demise of evocash or flo. i'm still working on the chicken or the egg.