MatrixWatch
September 5th, 2003, 04:25 AM
Merchant Account Termination: GotMatrix.com
Is this the end of the road for GotMatrix?
GotMatrix.com, a large matrix site that launched earlier this year, has been plagued with problems lately. They were just recently reported to the Ohio-State Attorney General's office for allegedly violating certain laws. Now, Got Matrix has been dropped by their credit-card merchant, PlugNPay.com. Matrix Sites depend upon a constant supply of new credit-card orders coming in so the current customers on their ever-growing lists can "cycle off". Lately however, many pay companies have been considering the consumers who can be negatively affected by these sites, and as a result, the pay companies are cutting ties with the matrix sites.
This news comes on top of the recent announcement that Kagi, a California-based credit-card merchant, has cancelled their services to two major matrix-friendly pay companies-- Pay Request and StormPay.
UPDATE: 2Checkout.com has terminated their services to Matrix321.com and their sister site, MatrixWinnings.com. None of these sites have issued a formal response as of yet.
Is this the end of the road for GotMatrix?
GotMatrix.com, a large matrix site that launched earlier this year, has been plagued with problems lately. They were just recently reported to the Ohio-State Attorney General's office for allegedly violating certain laws. Now, Got Matrix has been dropped by their credit-card merchant, PlugNPay.com. Matrix Sites depend upon a constant supply of new credit-card orders coming in so the current customers on their ever-growing lists can "cycle off". Lately however, many pay companies have been considering the consumers who can be negatively affected by these sites, and as a result, the pay companies are cutting ties with the matrix sites.
This news comes on top of the recent announcement that Kagi, a California-based credit-card merchant, has cancelled their services to two major matrix-friendly pay companies-- Pay Request and StormPay.
UPDATE: 2Checkout.com has terminated their services to Matrix321.com and their sister site, MatrixWinnings.com. None of these sites have issued a formal response as of yet.