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View Full Version : BARDO (related to IPAYSOLUTIONS & INTABILL) is going belly up?


merchant999
07-18-2008, 08:30 AM
Looks like Intabill, Ipaysolutions and Bardo were all using the same Bank and got chopped by the bank with all accounts frozen.

Some idiot website got too greedy and was selling controlled meds and the VISA froze everything related to these related merchants..

At this point, all funds are frozen and Bardo has stopped responding to the their emails.

If you are still processing with them, pull out since you are not likely getting anything out of them, I think they are planning to pack up.

I hope I am wrong.

Overall, things are heating up real bad for the online pharmacy industry, as far as I can see.

Good luck
Merch99

hotdog101
07-18-2008, 11:45 AM
They will never learn will they...

Same story every 3 months out there... has been for years....

Why cant junkies buy their drugs on the street like they used to.

Failsafe Payments
07-18-2008, 11:53 AM
Both iPay and Bardo have been cutting corners for years now. It was just a matter of time.

hotdog101
07-18-2008, 12:04 PM
Of to the next bank right...

Failsafe Payments
07-18-2008, 12:07 PM
Could be but there are fewer and fewer options for pharmacy. Usually these processors are using each others accounts back and forth and when the actual bank goes down you will have the domino effect which is very likely in this case.

I know which bank they are using and the bank have been hanging on a thread for a long time.

merchant999
07-18-2008, 12:35 PM
Yes, I am aware of the bank too; they moved quickly to a second bank which also is in dire straights with local authorities (not US) and visa.
Best laid backup plans are failing too..

merchant999
07-18-2008, 12:38 PM
Called Intabill (not to be confused with instabill); and intabill confirmed they are in the same PSP bucket.

Just wanted to clarify in case my subject line on start of thread was not obvious.

pharmacyclone
07-18-2008, 07:44 PM
lol .... you guys better be kidding nothing is going down .... its a matter of time and will be ended soon since 28th May they having issues so it will take them time to get up again.

high risk industry is something you can never predict about..

gspaycom
07-24-2008, 07:39 AM
We was using Ipayoptions to process pharmacy, they froze our money about 100K telling us the same, some merchant sold controlled meds and all accounts as I was informed about 27 companies, with about 30 merchants didnt get settlements. But I was assured that money will be paid, Im not first day in this industry and i know they would not pay a penny. Inspite to this, we have been paid from our own money to our merchants, they even dont know that thier funds was not paid to GSPAY.

Failsafe Payments
07-24-2008, 05:59 PM
The problem is the domino effect when processors are using other processors who are using etc.......

PharmacyFarmer
08-01-2008, 07:31 AM
we have just been paid, so no worries for the outstanding payments. Biggest worrie we have, new processor! Good luck to all of you!

gspaycom
08-01-2008, 07:46 AM
we have just been paid, so no worries for the outstanding payments. Biggest worrie we have, new processor! Good luck to all of you!

Paid by whom? IPaysolutions?

PharmacyFarmer
08-01-2008, 07:58 AM
we have been paid by intabill, just as usual. We can not process at the moment that is the biggest problem we have. They have mailed out last week that the processor would be up by tuesday laters friday (nothing happened today). We only sell non-controlled so obviously we have been screwed by them few idiots selling controlled. We are running out of options, have tried most now, so what to do ;).

ECSuite_Russell
08-04-2008, 06:55 PM
The problem is the domino effect when processors are using other processors who are using etc.......

That's aggregating, even without the controlled med issue, Visa could shut processors down for that.

edmond dantes
08-26-2008, 01:01 PM
anybody know the name of the bank?

carlasher
09-02-2008, 07:12 AM
i'd like to know the name of the bank if anyone knows.

jalami
09-03-2008, 01:10 AM
Intabill was last using Cartu Bank out of Tbilisi, Georgia (the country). I heard the bank's BIN got suspended due to uncoded gaming transactions which of course badly affected everyone else. It's too bad because Intabill was providing a great service until then. With the geopolitical scene in Georgia these days I doubt that it will ever be online anytime soon. I've been told that Intabill is establishing relationships with other banks but such setups can take months to get online and running.

carlasher
09-03-2008, 03:42 AM
we work with bardo how is this going to affect us?

Daichi1
05-20-2009, 01:42 PM
Bardo have not paid out our 6 month rolling reserve which they claim was frozen with St Kitts & Nevis Bank. We have waited 10 months and are now taking legal action against Bardo.