STORMPAY

My view of the last week's actions by Stormpay is this:

- Stormpay announced that it wanted to be the only payment processor used by the 'Paid to Surf' companies, as use of multiple processing companies increased the scope for fraud. Stormpay gave them only 24 hours to comply with this.

- Stormpay then said it did not want to run accounts from 'paid to surf' companies (this was no secret so why do so at this time?)

- Stormpay alleged that it needed to inspect their business plans and had been refused

- Stormpay said the companies had not been paying their subscribers and Stormpay had decided to take action. Well, up till then the companies had been paying me!!!

Finally Stormpay froze the accounts of 12 Daily Pro and others and has not released the funds.

Stormpay hold three significant payouts from 12 Daily and Alientrust which belong to me.

I can obtain no explanation from SP of why these have not been credited to me. On the other hand I get daily updates from 12DP and Alientrust of the actions they have taken to try and release the funds.

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