Quote:
Originally Posted by DannyCox
PSW went down owing me right around $70K and on top of that, I also lost all the rebills that would have been worth over $300K. WTS lost their merchant account for credit card billing, and that cost me close to $30K not including lost rebills. Then IBill goes under owing me over $100K, again not including rebills.
My first merchant account was with a Costa Rican back, back in 1995, and they service charged me and fee'd me to death! Only got half my money from them. Then I start up with Deautche Bank in Germany, and after a year, they decide to stop doing On-Line Adult business. Lost money there too!
On top of all that, I've been screwed out of close to $300K by the various programs and "partners" out there!
And people wonder why I have so few friends in this industry! I quickly learned to be leery of everyone that does this, a long time ago....
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Deutche Bank cost a lot of people a lot of money, including me. Not 300k, but enough to feel the pinch and forget about the c5 vette I wanted. So sad, too bad. Times have changed. Business ain't what it used to be, but it is more "normal". Like we all should have known it would be. We bleed and we prosper like Wal Mart. But there are a few Sharper Images out there and I don't feel like going down that road.
As for trust, this is business, to misquote Mr. Thompson, is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There's also a negative side.