Thread: The MONOPOLY EMPIRE of Stormpay..

I am really outraged by the monopoly that Stormpay has created in the payment industry....Obviously they're creating a huge empire controlling, manipulating, and just plainly ripping off people...The last event with 12DailyPro, proves the real nature and characteristic of Stormpay....I have never heard anything more, plainly unfair, disloyal, and manipulative that the politics of Stormpay...They are just prohibiting programs from using other payment processors...With the threat that they will stop releasing funds to those programs...I think that such monopoly is against the free enterprise, competitve nature of a fair, free market. The next "victim" of the "money sharks (Stormpay) could be Alien Trust or any other processor that "defies" their outrageous, unfair and just plain ridicously overpriced fees. This HAS TO STOP! We can not allow their unilateral measures. They are basically in a position where they can charge whatever they want and we have to take it, because the programs already have a huge amount of members in their payment processor; this is certainly very disloyal (not taking into account all the money generated for them in the form of fees)...

I agree. Stormpay are just acting like children here and demanding to be the only processor. They know they can do it because the majority of 12DP users do use Stormpay.

It will probably backfire on them in the long run. I'm soon going to pretty much empty my Stormpay account to get some money back in my pocket, and I'll have to reconsider whether I continue with them for anything but 12DP.

Also, the game that they have with their NetIBA certification (we all know that NetIBA is owned by StormPay)....They delayed my certification for almost a month (that's how long it took to get my PIN letter) in order for Stormpay to keep charging me their abusive fees....

Stormpay, just does not support competiton and fair competition. They knew that eventually, most people, if not all, would realize all the savings that they could have switching to EMO. Now, the argument that EMO was not secure enough and could be used by crooks...Pleaaaase, I have never seen a much mor secure payment processor as EMO...If you've opened an account with EMO, you know what I am talking about...Stormpay, could only wish to have the level of security, fee structure, fairness, professionalism that EMO has...

Originally Posted by jbueno

I am really outraged by the monopoly that Stormpay has created in the payment industry....Obviously they're creating a huge empire controlling, manipulating, and just plainly ripping off people...The last event with 12DailyPro, proves the real nature and characteristic of Stormpay....I have never heard anything more, plainly unfair, disloyal, and manipulative that the politics of Stormpay...They are just prohibiting programs from using other payment processors...With the threat that they will stop releasing funds to those programs...I think that such monopoly is against the free enterprise, competitve nature of a fair, free market. The next "victim" of the "money sharks (Stormpay) could be Alien Trust or any other processor that "defies" their outrageous, unfair and just plain ridicously overpriced fees. This HAS TO STOP! We can not allow their unilateral measures. They are basically in a position where they can charge whatever they want and we have to take it, because the programs already have a huge amount of members in their payment processor; this is certainly very disloyal (not taking into account all the money generated for them in the form of fees)...

You are so right but left out one word BLACKMAIL. It is disgusting. All 75% of 12daily members should boycot SP. I am sticking with EMO. I rather leave 12daily than sign up with SP. I'll join the new program instead. It is time Charis puts e-gold back as a 2nd processor.

There's no doubt, what StormPay did was down right, well, for lack of a better word,and to behave myself on this forum, "dirty"! But, hang in there. With the new system 12DP is bringing, won't have to worrie about StormPay any longer. Will be EMO all the way!!! That, I can't wait for!!

Atleast, that's the way I think it's going to work.

Originally Posted by mtdavis

There's no doubt, what StormPay did was down right, well, for lack of a better word,and to behave myself on this forum, "dirty"! But, hang in there. With the new system 12DP is bringing, won't have to worrie about StormPay any longer. Will be EMO all the way!!! That, I can't wait for!!

Atleast, that's the way I think it's going to work.

Any idea what that program is?

Comparing Stormpay to your local bank.....
Your Local Bank (talking to you): "Yes you can have an account with us..But, you can NOT open other account with any other banks or may even hold your funds and not release them to you..." (Could anything else be more abusive to the principles of an open, free enterprise???)

Stormpay, thinks that they "will get away" with it...There's not way we can break the laws of this Universe....Eventually, this "won battle" will backfire on them...I think something very "positive" may come out of this...Now we know the nature of the "beast" (Stormpay) and the real agenda behind their policies (to have a monopoly of the payment structure)...As lovers of a free enterprise society, we can't just tolerate this blackmail, and this intend of establishing a monopoly...I think other program administrators, should take note of this and learn from the experiences of programs that have generated millions for Stormpay in the form of fees...Stormpay, didn't deal in the honest, fair way that should have (making their fees more competitive), but, resourced to blackmail, arguing reasonings that wouldn't convince a mentally retarded person...Thanks for the attention..

All Hail Caesar!