Stormpay Information

[uwantme]

I moved this from another thread that was getting off topic. I have told you before that StormPay is owned by www.tymglobal.com . Tymglobal was one of the first matrix electronics sites out there. They were open even before ezexpo. They have over 6000+ members on their list for the laptop alone. They created Stormpay once Paypal froze their account. See this from their homepage:

Tymglobal is proud to announce “StormPay” The new Online payment Processor. Send and receive payments for “Anything” that you do online! For more details please click the logo below.

StormPay by Tymglobal.


Honesty...Integrity...Upward Mobility...It's About Tym

They are one of the first sites to "rip" me off. They do not show you the list of names before you join and after I paid I found out I was like number 4000 or so on the list. Since they take 70 to cycle yeah its pretty much hopeless. Oh well, my gamble.. Here is the direct link to their laptop matrix: http://www.tymglobal.com/laptop/

and they offer around 5 or 6 other matrices. To my knowledge this site has never been into any trouble and I very seldom hear complaints about them and they have been operating over a year.. Here is the link to their members section for the laptop you can see the size of the list and how many have cycled so far:

http://www.tymglobal.com/users.txt

though it doesnt look like its been updated since April. I know the site was down for a few months maybe thats why.

[MatrixWatch]

I'd like to hear some more about this.. Please continue.

[uwantme]

What else would you like to know? I mean thats about all i know about them and how they started stormpay but if its something specific you want to know, I might be able to find or know...

[damion]

uwantme
tymglobal was where I started at. If you saw the TechTV interview, you would notice that I said something to the effect of, "I got the idea from another site and improved upon their idea"
While I did not get it perfect, tymglobal was where I got the idea from. I thought they closed up shop. Look for my name on the users.txtx link......it is quite a ways down there.
I just happened to be a little better at advertising than they were and the auto-cycling functionality that I created helped better the idea somewhat.

Damion

[FightingBack]

Kind of odd. I heard a while back that stormpay put freezes on matrix sites? I dunno if it was true, it was a while back when I heard it.

[uwantme]

I heard they froze a matrix site once but it wasnt because it was a matrix site it was because they were sending spam or something like that. Stormpays TOS state:

"Buyer beware - Stormpay assumes absolutely no responsibility for any purchases made through the Stormpay system. At any time you join an Income Opportunity or MLM program you are doing so at your own risk. We do not issue refunds if the product, service or program turns out to not be what you thought it was, or if they don't hold up to their promises. You should thoroughly investigate any opportunity before making the decision to join - if it sounds too good to be true, it usually is. It should also be noted that voiding your credit card transaction you used to fund your StormPay account for any reason constitutes credit card fraud as well as violates many other laws, and will be prosecuted to the maximum extent allowable."

StormPay MLM Policies:
While StormPay does accept MLM and Income Opportunity vendors, you should note that joining any MLM or Income Opportunity is done at your own risk. There are many legitimate opportunities on the Internet and each one should be carefully investigated before making any decision to join. StormPay will not offer refunds for these or any other purchases. These matters should be taken up with the vendor.

[Agent|Star]

Nice info uwantme... I had a feeling StormPay was created by a matrixowner or supporter.. Kind of like PayRequest... StormPay has froze a few matrix sites the reason behind it I am not sure.

What gets me about StormPay is they dont give refunds to anyone... If a refund is needed it is between the sender and reciever to figure out... This is risky for a person buying into a bad matrix site... on the flip side perfect for a matrix site owner..

I recently wanted to help someone get out of a bad sites investment... The processor was StormPay, there is nothing I could do to help her... :mad:

I'm interested in hearing more regarding StormPay... Thanks for the info..

[MatrixWatch]

Originally posted by BigStarr
I recently wanted to help someone get out of a bad sites investment... The processor was StormPay, there is nothing I could do to help her...

Well... the dog is right here..

[MrBill]

Anyone in touch with the matrix community should spread the word: a matrix site using StormPay is crooked and should be avoided, just as sellers on Ebay who insist on Western Union payment should be avoided. In these situations, StormPay is identical to Western Union, you send your money and have no redress and no contact info if you get scammed. The only reason to use StormPay as your pay processor is if you want the opportunity to take the money and run.

It'd be really cool if some movement could get started to boycott ANY merchant who used StormPay, but that's probably pie-in-the-sky...

[Agent|Star]

Originally posted by watchdog
Well... the dog is right here..


IS there something you can do? I'm not trying to sound ****y.. I am just curious if you know a method to getting a refund for stormpay bad investments... Let me know.. Id still like to help her & others I may come in contact with taht used StormPay.

[whoodulum]

StormPay just sent out their latest news release (below) and, to say the least, it’s full of bogus and outlandish allegations. StormPay seems to have confused the difference between a HYIP (commission based program), an autosurf site, and a paid to surf advertising site; punishing programs that have been extremely reputable and are neither ponzi nor pyramid schemes by legal definition. StormPay, in a legal battle, will certainly lose to this poignant fact.

It certainly doesn’t appear as if StormPay did their homework in their research. The allegations that programs (no names given) did not present the information that StormPay requested is preposterous at best since it’s been clear from the beginning that accounts were closed for no reason and without explanation as to why, meaning there were no requests as StormPay claims. In addition, StormPay did not freeze ALL accounts of these types of programs and clearly shows bias and discrimination on the part of StormPay.

Frankly, I believe this should be a class action suit against StormPay, considering I am one of thousands of members in several of these programs, some for whose accounts are frozen and some that aren’t. Its a bit suspicious that the two largest online programs, 12DailyPro and Alientrust were affected. It would seem logical that StormPay would play up these allegations if, in fact, they were themselves having financial issues. I hope that legal remedies punish StormPay for all the damage they’ve caused not only the businesses involved, but their members.

[tellmealie]

Okay...I've read all of the info about Stormpay and now I am very curious as to exactly what IS transpiring with them. I recently requested a withdrawal to go straight to my bank account. When I go to check the status of the withdrawal now I cannot even access their site. Think there's any chance of getting the $$$?

[jokach]

Here is a copy of their user agreement (from wayback machine) .... I would think they have to release any funds to you in your account, the question is, how do you contact them now?


User Agreement
--------------------------------------------------------------------------------


1. Upon successful deposit of funds into your StormPay account, StormPay Inc. agrees to provide you (the "End User") a service that enables the "End User" the right to use our service to send and receive credits if those said balance is available in your said account.

2. Disclaimer of Warranties and Limitation of Liability - STORMPAY INC. MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER WITH RESPECT TO THE SERVICE AND/OR THE PERFORMANCE OF THE SERVICE; INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. STORMPAY INC. DOES NOT WARRANT, GUARANTEE OR MAKE ANY REPRESENTATION REGARDING THE USE, OR THE RESULTS OF THE USE, OF THE SERVICE AND/OR THE PRODUCT IN TERMS OF CORRECTNESS, ACCURACY, RELIABILITY, CURRENTNESS, OR OTHERWISE. THE ENTIRE RISK AS TO THE RESULTS AND PERFORMANCE OF THE SERVICE AND THE PRODUCT IS ASSUMED BY THE END USER. STORMPAY INC. SHALL NOT BE LIABLE TO END USER FOR ANY CONSEQUENTIAL OR INCIDENTAL DAMAGES ARISING FROM THE BREACH OF ANY PAYMENTS OR CONTRACTS, THE FAILURE OF DELIVERY, DELAY IN DELIVERY, DELIVERY IN NONCONFORMING CONDITION, THE USE OF THE SERVICE AND/OR THE PRODUCT, OR FOR ANY OTHER BREACH OF CONTRACT OR DUTY BETWEEN STORMPAY INC. AND THE END USER. StormPay Inc. shall have no obligation to provide the Service, and shall have no liability to the End User in the event StormPay Inc. is unable, as may be determined in the sole discretion of StormPay Inc.: to make payment and or changes in methods of payment or operation that can make our service unsuitable for the end user.

3. Effectiveness of Agreement - The End User's use of the Service shall not in any respect whatsoever modify any of the terms, conditions, or restrictions contained in the license agreement or other agreement by which the End User initially acquired rights to use the Product or service (the "End User Agreement"), and the use of our Service shall in each and every instance remain subject to the terms, conditions, and restrictions contained in the End User Agreement.

4. Indemnification - You agree to indemnify and hold StormPay, its affiliates, officers, directors, and employees harmless from any claim, action, demand, loss, or damages (including attorneys' fees) made or incurred by any third party arising out of or relating to your use of the Service.


Activities not allowable:
Your information and your activities, including payments and receipts of payments, through the StormPay service shall not:
1.)Be fraudulent in nature.
2.)Involve the sale of counterfeit or stolen items.
3.)Be misleading, false, or inaccurate.
4.)infringe on any third party's copyright, patent, trademark, trade secret or other property rights or rights of publicity or privacy.
5.)consist of providing yourself a cash advance from your credit card, or helping others to do so.
6.)contain child pornography.
7.)be defamatory, trade libelous, unlawfully threatening or unlawfully harassing.
8.)violate any law, statute, ordinance, contract or regulation, including, but not limited to, those governing financial services, consumer protection, unfair competition, antidiscrimination, or false advertising.
9.)contain any viruses, Trojan horses, worms, time bombs cancelbots, easter eggs or other computer programming routines that may damage, detrimentally interfere with, surreptitiously intercept or expropriate any system, data or other personal information.
10.)be related in any way to gambling and/or gaming activities, including but not limited to payment or the acceptance of payments for wagers, gambling debts or gambling winnings, regardless of the location or type of gambling activity (including online and offline casinos, sports wagering and office pools), with the exception of payments for gaming transactions that are expressly authorized by law in the jurisdiction of both the sender and the recipient of the payment.
11.)create liability for us or cause us to lose (in whole or in part) the services of our ISP's or other suppliers. If you use, or attempt to use the Service for purposes other than sending and receiving payments and managing your account, including but not limited to tampering, hacking, modifying or otherwise corrupting the security or functionality of Service, your account will be terminated and you will be subject to damages and other penalties, including criminal prosecution where available.
12.)Violate StormPay's Acceptable Use Policy.
5. General - Any and all claims or disputes relating to the Service shall be governed by the laws of the State of Tennessee, USA. For the purpose of resolving conflicts relating to the Service, StormPay Inc. and the End User agree that venue shall be in the State of Tennessee, USA only, and, in addition, the End User hereby consents to the jurisdiction of the courts in the State of Tennessee, USA. StormPay Inc. may assign its rights and delegate its duties with respect to the Service without providing notice to, or receiving the consent of, the End User.

StormPay Inc. will terminate any account that is found to be involved in any fraudulent or malicious activity, including impersonating a StormPay representative or attempting to gain other StormPay users passwords. Any decision made by StormPay, its officers, or representatives will be final.

Hacking: if you use, or attempt to use the Service for purposes other than sending and receiving payments and managing your account, including but not limited to tampering, hacking, modifying or otherwise corrupting the security or functionality of Service, your account will be terminated and you will be subject to damages and other penalties, including criminal prosecution.

Chargebacks: If you receive a payment into your account which resulted from a fraudulent or chargedback transaction from the sender, the funds will be reversed from your account and fee to receive the funds will still apply. Chargebacks occur most commonly when a user funds by check or credit card and either does not have the funds in their checking account to cover the transaction or is using stolen financial information. Chargebacks cost us all money, and StormPay Inc. will prosecute any fraud to the fullest extent of the law.

We do not accept any E-Currency Exchangers of any kind, no exceptions.

In the event that your account is suspended or terminated for any reason, any remaining funds will be held for 180 days to clear against any chargebacks.

In the event that you decide to put a Stop Payment on a Check that we have sent you for a payout on your account balance, you will be charged $25.

If you add funds to your account by Check and the check is returned unpaid from the bank for any reason you will be charged $25 for recovery, and $50 for a returned item fee for a total of $75.00. Please be sure that your bank routing and account numbers are correct to avoid any charges.

By using the withdrawal method of sending funds to your US Bank Account, you authorize StormPay to retrieve any funds that were paid to you and then charged back by the sender for any reason if the funds cannot be retrieved from the users StormPay account. If you received the withdrawal by check, you understand that the defecit amount can be turned over to a collection agency for collections.

"Buyer beware - StormPay assumes absolutely no responsibility for any purchases made through the StormPay system. At any time you join an Income Opportunity or MLM program you are doing so at your own risk. We do not issue refunds if the product, service or program turns out to not be what you thought it was, or if they don't hold up to their promises. You should thoroughly investigate any opportunity before making the decision to join - if it sounds too good to be true, it usually is. It should also be noted that voiding your credit card transaction you used to fund your StormPay account for any reason constitutes credit card fraud as well as violates many other laws, and will be prosecuted to the maximum extent allowable."

Advertising: In the event that you advertise with StormPay, we will not accept your advertisment if you do not have StormPay as a payment option on your site.


StormPay MLM Policies:
While StormPay does accept MLM and Income Opportunity vendors, you should note that joining any MLM or Income Opportunity is done at your own risk. There are many legitimate opportunities on the Internet and each one should be carefully investigated before making any decision to join. StormPay will not offer refunds for these or any other purchases. These matters should be taken up with the vendor.

It should also be noted that reversing the funding method used to fund your StormPay account is considered fraud and will be prosecuted to the fullest extent allowable by law, as well as your StormPay account will be terminated.

Registered users of StormPay agree to periodic updates via email from StormPay.

( last updated on October 1, 2003 )

[mercinary]

Watchdog team: Let's run through the list of active Matrix sites and come up with a list of them that are using Stormpay. We can then provide said list to Stormpay. This hasn't worked in the past, but in this new light I imagine it will.

-Merc

[hdfreak]

actually uwantme those links are broken when you click on them yoou end up at this

siteinformation.com


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