[Carrie]

No word of it on their site, but here's the email they allegedly sent out:

Due to circumstances beyond our control, PSW Billing has been forced to cease processing.

This situation has caused great distress for our staff, and of course for our clients.
We appreciate the continued support and positive feedback from our concerned friends and collegues as we continue our fight on the legal front.

PSW will remain in business and continue to fight for clients' funds for as long as it takes. All clients will be paid in full as funds are released by the banks. We will keep you informed in future emails.

Rest assured that any outstanding payouts due to you are currently 100% intact and have not been fined or assessed in any way. Our lawyers are working diligently to have all funds released and available for immediate payout as we receive them. We truly appreciate your patience in bearing with us while this is being sorted out. We understand the hardship this has placed on everyone, so please understand that we are doing everything in our power to get your money to you as quickly as possible.

As a sign of good faith, PSW has made arrangements for a smooth transition of your accounts to Jettis, at a deeply discounted rate of 12%. This rate is guaranteed for 6 months from activation. In addition, Jettis has agreed to maintain the discounted rate of 12% for as long as your chargeback ratio stays below .75%.

All that is needed from you to take advantage of the 12% rate is to reply to this email with the URLs you wish to setup. We will facilitate the transfer of your account to Jettis as quickly and smoothly as possible.

Again, although we have ceased processing, our remaining staff will be continuing to 'fight the fight' for this industry, and to retrieve 100% of your funds.

We hope to have your continued support through these difficult times.

Sincerely,
PSW Billing