Thread: Is the cancellation of all the merchants WD's a good thing?

amy-tpe and others.

Why do you come in here? I’ve had a long day and sometimes life can be a shit fight as it is. I see your name and know instinctively I’m going to read something that makes a person feel totally uninspired. Why do you bother to come in here if the Pips is dead in the water to you all. Some names just stand out as mourners.
We are not at a funeral

This is not an official sight; management will not answer any of your questions so why bother lacing every post with neg vibes and questions that go NO WHERE!!

We are not at a funeral!!!!!!!!!!!!!!!

There are three possibilities that may have caused the merchant withdrawals to be canceled.

1. It may be that the CEO is double checking the verification of merchant accounts. The rationale behind this is that some merchants were using their PicPay withdrawals to provide cash directly to the members. This could bring unwanted attention from homeland security and jeopardise the entirety of the 2% program. However, this does raise a question. Why stop all (or at least most) of the merchant withdrawals rather than just the offending merchant.

2. The second reason could be that a new, and far superior method of paying merchants is about to come online. And thus the payments were stopped in order to get them into the new system. The fact that the CEO has said that a major announcement is coming this week supports this idea. (However, without knowing the content of the announcement it is sheer speculation to conjecture that the announcement and the merchant withdrawals are somehow related. (On the good side: they may be. On the bad side: they may not be.)

3. The third reason, of course, is the one that all of us secretly fear. That is, that PxPS simply doesn't have the funds to continue paying the merchants in a timely manner. I have read in other places that the merchants are furious and feel like they have been unfairly treated by PxcPxy. Many of them are ready to wash their hands of Pxps entirely.

Thus it may be that the future of the company hangs in the balance right now. In these next few weeks there will either be a break in the impasse, and dramatically good things will begin to occur, or there will be a break in the spirit of Pxpsters, and they will begin to demand answers. For now there is a window of opportunity for things to go well, but the window is closing and this opportunity will soon be gone.

- TwiceWise

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53 days and counting

Thanks twicewise for putting it in a rational mode.

I speak as a merchant and yes all that have spoken with me are furious and we are not impressed with the "no comunication" regarding all pending withdrawals being cancelled, the member who posted the the email going around seems to be the only one so far that has received that specific one about "limits - etc etc" as around 6 other merchants and myself in replies from emails we sent in simply stated "merchants are being checked for fraud and will not be long" that was the message 7 of us have received.

Hey Twicewise, what's the significance to the 53 days in red? That your retirement day?! :lol:

That's how many days I'm giving the CEO to get his act together. I started out with 60 and am down to 53. I don't believe it's wise for him to have an unlimited amount of time before he feels compelled to make good on his promises.

You can read more about it here http://www.rolclub.com/viewtopic.php...sc&start=0

- TwiceWise

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By the way, did I mention that this is day 53

amy-tpe and others.

Why do you come in here? I’ve had a long day and sometimes life can be a shit fight as it is. I see your name and know instinctively I’m going to read something that makes a person feel totally uninspired. Why do you bother to come in here if the Pips is dead in the water to you all. Some names just stand out as mourners.
We are not at a funeral

This is not an official sight; management will not answer any of your questions so why bother lacing every post with neg vibes and questions that go NO WHERE!!

We are not at a funeral!!!!!!!!!!!!!!!

Great post, she is up there with SPO as the most depressing, uninspiring, negative, miserable people on this forum. :roll:

I get the impression, she's literally and geographically...from DOWN UNDER... :lol: :lol:

Twicey,
You've done it again.
Another logical and cool handed post.
My advice to every body is: Give the program at least six weeks,I know, I know we have been giving it six months, but, if something is going to happen, I believe it will happen within this timeframe.Let's face it the program will either sink or swim, if it fails, we move on. If it succeeds we
are all winners.
Anger or careless speculation is not going to change the final outcome in any way.
If the program morphs in the meantime, so be it.
If we can't expect 2% returns and it needs to to 1% or less, okay this still beats bank interest to death.
Be positive! But be sensible.
Pete

Originally Posted by Twicewise

That's how many days I'm giving the CEO to get his act together. I started out with 60 and am down to 53. I don't believe it's wise for him to have an unlimited amount of time before he feels compelled to make good on his promises.

You can read more about it here http://www.rolclub.com/viewtopic.php...sc&start=0

- TwiceWise

--------------------------------

By the way, did I mention that this is day 53

53 days?

I understand there is already a class action suit being initiated against pips and picpay.