Stella, admin of STP has always been very gracious to do possible to minimize the mayhem and inconvenience at any crisis facing us, the marketers who use their service, not to mention footing the huge cost for this regulation on our behalf. Please read on...
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$$$ > Lots of F5M-MC Gold Booster Payouts - STP PAYOUTS ???
Most F5M-MC members heard about SolidTrustPay needs to have a license to be able
accept and payout cash to USA residents. Other payment processors will follow
this licensing issue that USA has placed.
I am making Gold Booster payouts to lot of USA members but currently there is a
restriction to members who live in North Dakota, Virginia and Arkansas. I can not
make your commission payout through STP. I would suggest to switch to Payza.
I just got off the phone with STP and all other States are okay, just those three
that are currently effected.
Here is copy of a letter from F5M-MC member that was emailed by Stella from (STP):
--------------------------------------
Most F5M-MC members heard about SolidTrustPay needs to have a license to be able
accept and payout cash to USA residents. Other payment processors will follow
this licensing issue that USA has placed.
I am making Gold Booster payouts to lot of USA members but currently there is a
restriction to members who live in North Dakota, Virginia and Arkansas. I can not
make your commission payout through STP. I would suggest to switch to Payza.
I just got off the phone with STP and all other States are okay, just those three
that are currently effected.
Here is copy of a letter from F5M-MC member that was emailed by Stella from (STP):
--------------------------------------
HiThanks so much, John Kielec for always having our backs and again, thanks Stella for giving us the best service of any payment processor in my 15 years marketing online.
Oh, I'm sure it will be pretty much mass pandemonium
Our plan is to create a forum just for affected STPay users and not
clutter up our present blog. We will be posting a release tomorrow
(today was spent with various MSB lawyers and FinCEN regulators, etc).
Basically, it has to be done and unfortunately, there is no way to do it
gracefully. As soon as you apply for a license, you cannot do any
transactions with anyone from the state you have applied to. So far,
that means North Dakota, Virginia and Arkansas. You would think that
a common sense way, especially for a non US company, would be some
kind of 'you can do this while waiting' but nope...it is an all or
nothing event here.
The real kicker is the 3 million dollar price tag that we have to come
up with. We are investing in our members.
What we really need is for people to not call us. There is no way we can
handle an influx of over 500,000 Americans or more asking us what's going
on. The answer is simple..the US government requires all companies to get
licenses, so...we are getting our licenses. The how is easy, the when we
have no idea (but have been told as fast a month and as long as a year).
I'll keep you in the loop and you can hand the loop around for us
By the way...no accounts are frozen. People are completely free to login,
update passwords, verify their accounts, add cards & banks, etc. They just
cannot deposit into their accounts. All balances will be sent back to members,
so people are welcome to either request that now, spent it online, send to a
friend, whatever. And merchants that are credit card enabled have business as
usual...members can use their cards directly at their websites. Those merchants
won't be able to pay back into STPay accounts is all.
Life is never simple and the world is quietly going insane as always
Stella
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Continuing to keep you informed about your money.
Always finding ways help you manifest your own bounty
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VivBounty
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Phone: 206-309-4263
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