Internet Merchants Guide

StormPay

StormPay is fast, simple way acceptable in many countries but carries steep charges when compared to other options. Here, you can earn from downline referrals too.

StormPay is fast expanding, safe and secure way to complete online payment transactions either through StormPay balance or by transferring through credit card or bank account. Here any seller can lists his items for sale to any customer and the sale proceeds go to seller's StormPay account. It has a wide acceptance and apart from few countries, which do not comply to US trade laws, it has presence in all major countries.

StormPay offers "Buy Now" buttons, affiliate program, free hosted home pages, on line auction listings for buy or sell, and income earning opportunity through down line referrals. You can have down line up to six levels and earn handsome money too. With about 2 million page views per day, it offers the option for advertisement at a competitive rate starting from as low as $5.

Sending or Receiving Money

Customers can add fund to their StormPay account using credit card, money order or online checks. Sending or receiving money is easy. It has a Mass Payment option, where payments can be sent instantly to multiple recipients. Unlike some others as WorldPay, it does not allow currency conversion. It has steep charge back and cheque stoppage charges.

Charges

Opening an account with StormPay or sending the money from StormPay account is free while sending payments credit card carries 3% processing fees. There is no withdrawal fee into US direct checking fee or for check by mail but some charges are payable when opted to receive cheque by courier. Auction listings are also free; however there are some charges for premium listing.

Customer Support and Safety

BBB has denied it a satisfactory rating and it remains to be seen how it comes out of recent DDoS crisis and FBI investigations.

It offers excellent customer support and most queries are resolved in 12 hours time. In limited events, for transactions through NetIBA certified vendors only, it does allow charge back or reversals. Usually voiding a credit card charge can lead to termination of StormPay account. However it has a system of ranking suppliers.

As a measure of safety of its customers, it does not allow listing of scheme as Self employment, get rich quick, or any investment opportunity with unrealistic claims of payments, pornography, counterfeit items, cash advances from banks etc.

StormPay accounts can be Unverified, which carry some restrictions on amounts that can be spent; Phone Verified; Certified or the NetIBA certified, which is in fact a third party verified account and carry maximum limit for transactions.

StormPay customers have their won list of grievances. Recently it suffered a Distributed Denial of Service (DDoS), though it claims that there is no compromise with security of its customers. The DDoS allegedly occurred due to large volume of requests sent through a botnet. The matter is under investigation by Federal authorities in US. Here StormPay is not assuring to compensate its victims in full but to a limited extent which is being worked out. When its website was down on Jan 16, it was rumored to be a tactic by StormPay to stop withdrawal from its accounts. Some members, who earned through its pyramid scheme, are clear losers. StormPay was quick to blame its rivals for its problems in its press release. There are some other complaints too as StormPay performed unauthorized withdrawal of money from their bank accounts, or some others as while StormPay withheld the sellers money as for having sold adult content, the same was never passed back to its customers. As per some forums, BBB (Better Business Bureau), the company has poor track record of addressing customer's complaints.

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