Thursday, February 02, 2006

12Daily Pro Back To EMO Today

Wow…  How fast things can change.
I logged onto my 12dailypro account today and Stormpay is gone and EMO is back.

I then started looking around and it looks like 12DailyPro has stopped using Stormpay and has switched back to EMO.

This has got to really screw everything up.  And confidence people had in investing their money has got to be gone at this point, unless like a lot of people are still saying that they are just playing with free money so it doesn’t matter.

It looks like Stormpay said they would not do business with anyone who was also doing business with any other payment processor, and they may have indicated that they would just shut down your account and stop paying anything in the works.

At that point 12DailyPro stopped using EMO and switched all their business over to Stormpay.

Of course this screwed things up.  Now a day later it looks like Stormpay decided to just stop paying so 12DailyPro has now switched back to EMO and sent out an email saying they hope to eventually get the money out of Stormpay.

Part of the problem is that each of these payment processors operate in a lot of different countries, but not all the same countries.  So many people can only use one of them.  This could add up to a significant part of there business by some estimates.

Which has to be bad for business, and the people who got their payment processor cancelled and don’t have access to the new system because it does not allow accounts in their country are now out of luck, and out of their money.

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