Press Release Summary = In an unexpected and stunning development, on March 23, 2006, StormPay.com stopped accepting all Internet payments. The only exception to this sudden change are payments originating from one of it\'s own auction pages. This dramatic reversal came with absolutely no warning, and was made immediately effective.
Press Release Body = In an unexpected and stunning development, on March 23, 2006, StormPay.com stopped accepting all Internet payments. The only exception to this sudden change are payments originating from one of it\'s own auction pages.
This dramatic reversal came with absolutely no warning, and was made immediately effective as of the date of its online note to its sellers and vendors on March 23, 2006.
dBizWhiz.com received absolutely no advance warning that StormPay was considering such a move, and is not aware of any other sellers or vendors who likewise received any advance warning from them.
The change of policy itself is a significant change in the operations of this company and does bear some inquiry into the real reasons behind such an important reversal.
However, for those online sellers who received no advance warning of this withdrawal from the market, this stunning development left many businesses scrambling to replace their payment-service provider!
In addition to providing no advance warning of their intent to suddenly withdrawal their online payment services, StormPay provided no individual notification to its sellers, neither by e-mail, nor standard mail.
dBizWhiz.com\' and/or its sister companies received received absolutely nothing in writing from StormPay, and only accidentally discovered that all their payment links had been disabled purely by accident!
Companies do, and are entitled to make corporate policy decisions ad nauseam.
The serious issues of concern relate to the manner and function of how this significant policy change was executed by this company.
It is possibly all too easy to simply ascribe actions such as these as \"corporate arrogance.\" However, to the seasoned business professional, the context of policy reversal combined with the manner of execution, suggests that dBizWhiz.com should inform its visitors and readers of this development.
The rather weak reason provided by StormPay for their change of policy adds fuel to the concerns regarding the need for further evaluation.
A full copy of the StormPay Notice dated March 23, 2006 may be found at dBizWhiz.com\'s website http://www.dbizwhiz.com
Web Site = http://www.dbizwhiz.com
Contact Details = Alan Jacobson P.O. Box 251073 Plano , 75025-1073 $$country
2022
