Can't believe that is happening. Wonder if other merchants experience the same thing. Or how they avoid it. Hope it all works out soon. I would severely miss not having you here.
Of course my good buddy I didn't mean to bite the hand that feeds you. I meant about we have reconsidered, <---- that is BS, pure and simple. Get your stay of execution in the mean time shop around and when you are ready to make your move make it.Wish I can, but you can't exactly bite the hand thats holding your investments. I don't think this theft going on, but to hold 2 weeks (and counting if I didn't pull the plug) is just strange even if this is a 'risk' case.
Sorry guys,
It's been more of a 'bad' news situation.
From those nasty fraudulent charge-backs from the Philippines, There was 5 total and two from the US now totaling $4,500 in transactions alone, not counting lost product. Well, our credit card processor didn't appreciate that so much. So after 3 years IKV is now labeled as high risk and they're giving us 2 weeks before shutting us down. Our merchant provider has found a new bank for us, but they want 7.95% off every transaction. That's just robbery, but in all honesty I'm willing to do it, but have found alternatives yesterday.
The major issue is that our processor has been showing absolute zero activity since the 30th of March, meaning for all the orders we have been taking in since, we haven't been paid Anything. so every order we pack and dispatch is purely on my dime. We're owed $10,500.00. It's as if our back end was down for 2 weeks plus dispatching orders. You can imagine how difficult it is to run like that, we're talking over 500 orders shipped basically for free and at the cost of products, shipping supplies etc while paying to keep the business running. It definitely doesn't bode well considering I just purchased our first house this month.
I had spent the day tracking this stuff down and as it turns out..Well, when you make an order through us, it goes to Authorize.net, which sends it to Digital financial group, which sends it to Merchant-now, which is then sent to Cts holding, then to us. My merchant provider is merchant-now financial, he said the processor is NOT actively looking to shut ecigs down but we have been flagged by the risk department and they could be holding all of our funds. To find out more, I started calling calling everyone in the circle and the odd thing is, is that none of the mention groups knew what I was talking about and at the end they wanted to connect me back with Merchant-now. Extremely frustrating and confusing. I wish had cool super secret toys for you guys for this down time, but this is the ugly truthand I can't really re-open till I know the payments start coming through or I can get a grasp on what is exactly happening.
Sincerely,
Isaac
Ouch Nick!Oh man that BITES !!!!!
I was quoted 7.95% too and a reserve. I know you'll get it worked out Isaac, I hope it's very soon.
It never ceases to amaze me what parts of this human race will do.
Hey Lofty,I agree with the lawyer bit. Regardless of who has your money, you don't.
I just really hope it isn't Josh, especially after one of our previous conversations...
I'm going through the same crap as well. Not on the same scale, but somehow someone got my debit card info and has thus racked up (or tried) around $1,100. PC is clean as a whistle, wifi disabled and has been for about a year, and I don't do any buying/selling through my phone. Sadly, it's a trail I don't even want to embark on... but one of the merchants I buy from is not totally secure. The person whacking my funds is from Germany... or, bought a bunch of crap from Germany. *sigh*
Isaac, as always man I'm always just a phone call away. If you need anything, or even if you want to just vent - gimmie a call. Phone is on 24/7, you know that. I'll see if I can find anything that might aid you with all this crap.
Edit: Not sure if this will help you bud... www [dot] findlaw [dot] com -- if anything you might be able to make a post there and get some guidance on who to contact.
LOL That it did Morph. Thank you!!! This week we should be good to go since I can concentrate fully on the matter and the shipments should be coming in too.okay just change ya name git ya mother in-law to sign for the company and open up......then send me my atty's !!!!!!!
hey um just sayin lol
(someimes you need to laugh to keep from crying)
I hope I at least made you smile ;-)
Thanks allot Mark,Perhaps take a look at the dwolla payments system? It is an alternative to classic credit card processors or Paypal.
The downside is that I believe it is still US-only, but it might be a worthwhile option to have in the mix.