SegPay Called out for suspicious activity

[RawAlex]

There has been a pretty endless parade of odd billing companies out there. You can find them with addresses that point to mailbox rental places, small homes in the UK, and all over the place. It's been a favorite technique of the cross billing crowd to not only have the most merchant accounts possible, but also to insulate themselves from problems as much as possible by owning not only the paysites and programs, but also the billing companies and the IPSPs as a result.

It's actually a bit like ESTdomains in this manner - try to control as many of the places that people will go to complain, and try to minimize the risk to your core business by wrapping yourself like an onion.

[gonzo]

Originally Posted by RawAlex

There has been a pretty endless parade of odd billing companies out there. You can find them with addresses that point to mailbox rental places, small homes in the UK, and all over the place. It's been a favorite technique of the cross billing crowd to not only have the most merchant accounts possible, but also to insulate themselves from problems as much as possible by owning not only the paysites and programs, but also the billing companies and the IPSPs as a result.

It's actually a bit like ESTdomains in this manner - try to control as many of the places that people will go to complain, and try to minimize the risk to your core business by wrapping yourself like an onion.

Kinda like Paxum the company that owns the dickpill scam wants to process your money instead of Chris Mallick.
Im guessing how it will end.

[will76]

Originally Posted by gonzo

Kinda like Paxum the company that owns the dickpill scam wants to process your money instead of Chris Mallick.
Im guessing how it will end.

Who in their right fucking mind would use Paxum. I know, just use it as a pass through and withdraw the money as soon as you get it. But, they are a penis pill company. They sell snake oil. None of them have experience with wallet type sites / credit card processing stuff. There is a 100% chance they will crash and burn. It might take a little longer, but as soon as they actually get big enough to fuck up on a large scale, their shit is going to implode.

[will76]

Originally Posted by gonzo

Kinda like Paxum the company that owns the dickpill scam wants to process your money instead of Chris Mallick.
Im guessing how it will end.

Yeah the Paxum shit was hilarious when they launched. First they listed a mail box etc address as their business address. Then after receiving heat for not having a business location the guy lists a "rent by the month" office address in some crappy building as their physical location. Shortly after they started using the address to their physical location where they sell the dick pill snake oil as tbe physical address for paxum, the company that wants to handle millions of dollars of other people's money.

Im waiting for this one to implode, surprised they made it this long to be honest. It should be any day now.