Hi,all,i use gspay with about 2 years.i nerver chargeback,and i do the business honest.Althought gspay has high rates,i think they are good gateway company,and they promise to pay the holdback after 180 days.now it is 180 days later,gspay said they were punished by master card,and hold my holdback.even the master card in trouble,but gspay should pay the holdback of visa.
if anybody has same problem,please tell me how you think.also hope gspay staff reply if they will pay the holdback.
here is the reason they tell me , I think they will give you the same reason .
Since recent we are facing a situation where major payment systems like Visa and MasterCard have increased its monitoring efforts towards protection of the trade mark owners rights, and against merchants selling the counterfeit analogues. In practice this may lead to lawsuit cases against these merchants when its being proved that the merchant is invlolved in selling the counterfeit indeed. GSPAY as a Payment Service Parovider may be requested freezing merchant's funds and stop offering services to the merchant. According to our Terms and Conditions (Chapter 6. point d.) Merchant runs a sole responsibility for the commercial activity he/she is running thus is a subject to all possible penalties and consequenses. Feel free to contact our company lawyer by ticket if merchant have any question related to such lawsuit issue.
I've been with GSPay for several years now and they are a honest company, never had any issues with them and they continue to pay me on time.
The reason some people are not getting paid is most likely because the mastercard problem is affecting their accounts and things like that are out of gspay's control... If you owned a company and emplyed people, then your bank froze half of your accounts what would you do?
From experience with GSPay I would say that they'll have the MC issue resolved soon or switch banks and everything will be back to normal, they seem to be good at resolving such issues in the long run. I'm not switching