BBB Record On Stormpay

If you check the BBB from Tennessee for Stormpay it now says that they would like to speak to you about your inquiry into stormpay.

That is an interesting update to their site, here is the link the part about wanting to talk to you is under customer experience:

The BBB would like to speak with you regarding your inquiry. Please call our office at (615) 242-4222 and select the option to speak with our operator. Thank you.

http://data.middletennessee.bbb.org/commonreport.html?bid=2146166

It looks like the Better Business Bureau has also issued this statement about Stormpay:


Date: February 7, 2006

To: BBB Members & Media

From: Kathleen Calligan, President & CEO
Telephone (615) 250-4242


StormPay.com Freezes Accounts

The Better Business Bureau of Middle Tennessee alerts the public to the business practices of StormPay.com of Clarksville, Tennessee. During the first six weeks of 2006, StormPay.com has generated more complaints to BBB than any other Middle Tennessee or Southern Kentucky business.

In the past seven days, BBB has received 18,926 inquiries from consumers around the world checking on the reliability of StormPay.com.

Complaints filed by consumers from around the world state that StormPay.com has frozen their online accounts and will not release funds due. StormPay.com is an online payment processor which acts as an intermediary in the processing of funds between a web site and a customer. “Since the end of January, BBB has received over 180 complaints from users of StormPay.com” says BBB President/CEO, Kathleen Calligan. “A review of complaints filed by users indicate that the company is holding in excess of $460,000” explains Calligan.

An email sent to at least one complaintant by StormPay, states in part “…should you choose to attempt to recover your funds through other means, that conduct will result in the forfeiture of any refund…”

The majority of complaints filed with BBB, concern StormPay’s freezing of accounts from users who participate in “auto-surfing” programs. An “auto-surfing” program reportedly generates money to the user every time a user visits a participating web site.

It is the position of the Better Business Bureau that auto surfing programs can post a financial risk to participants. Often “auto-surfing” programs are thinly veiled pyramid schemes cleverly devised to participants.

Due to the complaint volume, international scope of participants and amount of money involved, BBB is requesting the assistance of federal authorities for further investigation.

**** Oh yeah, for all you people who think Stormpay is going to continue doing business as usual when this is all over….

Wake up and smell the coffee.