payment processors @ BehindMLM

In less than a year three major darlings of the Ponzi payment processor niche have ceased operating in the US or been shutdown entirely. Co-incidence or evidence that US regulators are increasing efforts to go after payment processors who are lax with fraud prevention, whether willingly or not? For those who came in late, last [Continue reading…]

When you see my name associated with a particular company out there, I always tell clients… I make it clear they’re not allowed to use my name in any sort of promotional fashion. Number one it looks horrible. Mainly from a marketing standpoint it’s a bad idea, in my opinion, to lead with lawyers. Right? You [Continue reading…]

Reports from Payza clients began to filter in yesterday about the payment processor having problems in some US states. In an announcement sent out to clients in the affected states, Payza advised

It’s hard to get a sense of what happened between Bidify and the payment processor Towah. Starting around mid to early 2012, Bidify affiliates began reporting problems with getting their money out of the payment processor, who cited some investigation that could take “540 days” to get resolved. The details of this investigation are sketchy [Continue reading…]

Since it was founded in 2006, Liberty Reserve was a widely used ewallet payment processor for a multitude of MLM companies. On their website, the payment processor professed it was the oldest, safest and most popular payment processor … serving millions all around a world. And indeed Liberty Reserve was just that, until it was shutdown [Continue reading…]

Following weeks of commission delays for non-Brazilian TelexFree affiliates just over a moth ago, ewallet provider Global Payroll Gateway (GPG) abruptly announced that they could ‘no longer support TelexFree‘. The announcement was made in mid September, with GPG informing TelexFree’s affiliates that International Payout Systems (i-Payout) would be taking over the supply of ewallet services [Continue reading…]

In yet another blow to TelexFree’s non-Brazilian operations, today Global Payroll Gateway announced that they were dropping the company. Global Payroll Gateway’s announcement comes on the back of weeks of commission delays for TelexFree’s affiliates, with the company itself failing to pay affiliates for close to a month now.

There’s a general consensus in the MLM industry that if you see an MLM company using one of three particular payment processors, then at the very least it’s worth taking a precautionary approach. Payment processors handle money between MLM companies and their affiliates. In an age where global affiliate membership is the norm, payment processors [Continue reading…]