Sunday, June 10, 2012

Wealth4All - No more Payza and STP deposits

Wealth4All Team
This is the last chance to deposit using Payza and Solid Trust Pay because W4All has decided to discontinue those options and stay with IPayout Global eWallet starting June 30th.
STP withdravals still available until your balance with that payment processor dries up.

Below you can read their last update.


SOLID TRUST PAY, PAYZA WILL BE DISCONTINUED.  As of JUNE 30th, 2012, we will discontinue DEPOSITS from Solid Trust Pay, Payza and any other third party broker.  The reason for this decision is very simple.  There is a lot of scrutiny from the US government on these institutions and they must comply with a mountain of paperwork and regulations in order to do business in the United States.  When they do this on a state by state basis, they must close all transactions for that state or receive huge fines and even imprisonment.
As of right now, we have over $500,000.00 in those two processors and we as a company can not afford to have that money locked up or held hostage by those companies.  Remember, this is your money along with ours and we must protect it.
We will still allow withdrawals from Solid Trust Pay (STP) so that we can lower our liability with them and eventually bring the account to Zero.  But once we have taken our money out, we will not allow deposits and or withdrawals from them any longer. The same goes for any of the third party processors, they must all go thru the same process.

I have no problems with the Ipayout system, you can deposit to yout Ipayout ewallet via Bank wire or Cash or Solit Thrust Pay!
Their fees are much cheaper, and the W4All deposit fee is 0%.
I hope this move doesn't deter new members from joining due the hassle of setting up an other eWallet,
the Global eWallet set up procedure can be completed in 5-10 minutes.

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