The first time i encounter a problem about finances with coingeneration.com was when i consulted my upline and inquire on him why suddenly i could not cashout with the site. It was in June 25/13 my upline told me that coingeneration.com was hacked by a person from Ukraine and stole an amount of about 80k on Payza account but there should be no worry because in a matter of 2 days i can cashout again. So i was confident then , the matter was forgotten because its business as usual after a few days.
Now the latest problem on coingeneration.com again was about finances. Payza.com is letting go of coingeneration.com. Here's the statement from website coingeneration.com;
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"We find it important to explain the situation with Payza and provide further instructions how to proceed with credit card payments. Below is the email we have received from Payza:
"In any relationship, it is important for us to know our clients and have confidence in their activities. Unfortunately, we feel that we cannot achieve the requisite level of comfort with you or the operation of your account. Therefore, after careful consideration we must advise you that we are not in a position to continue our business relationship with you.
As we are no longer in a position to provide service to your business, we kindly ask that you transition to an alternate provider that may be better suited to meet your business needs.
Please know, our intent is in no way to hinder your business however we advise you to remove all Payza Buttons and Payza related references from your website. At this time, you will no longer be able to receive any more payments through Payza, all funds in your Payza account have been placed on hold, and access to your Payza account has been restricted.
All funds will be held for a probationary period of 180 days in order to cover against any and all reversals, chargebacks, disputes, and fines. You may contact us after this period for a full reassessment of any remaining funds in the Payza account."
At the present time we witness a situation where majority of members have purchased threads however we have not received actual funds from Payza yet. Taking into account the current turnaround we have resolved the following: All users that paid us through Payza will have their earnings blocked except for trial thread earnings.
Blocked users have the following options available:
* Use another payment method to complete your transaction.
* Wait until we receive your payment from Payza.
* Request refund of funds from Payza.
We suggest members that used Payza to contact them directly to revert all made payments and use the direct credit card funding option instead. There are no guarantees we receive your funds from Payza therefore all recent deposits will be rejected.
Trial thread payments will NOT be affected in any way, please use another payment method to request payout of your earnings until we have our custom processing solution in place later this week.
We would like to apologize for this inconvenience and possible delays processing your requests at the moment.
Now the good news:
We didn't have a significant amount on our Payza balance, most important - WE HAVE THE FUNDS TO KEEP UP WITH PAYMENTS REGARDLESS OF NEW MEMBERS JOINING THE PROJECT AND WE'RE READY TO PROVE THIS AGAIN TO ALL. NO FUNDS WILL BE LOST. WE GUARANTEE THAT.
DG largest private PC network continues to expand steadily and our business operation will not be impacted by current situation. We're approaching new performance limit of the most powerful computing system and have taken the necessary measures to ensure proper operation of the company within difficult environments as well. Further details will be provided in our next update, our staff will be in chat room during the weekend to update on latest status of credit card payment facility.
Truly Yours,
The Management
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If i am to consider my status with payza.com i dont have a problem with the payment processor. I also have no problem with funds being waited from or to payza.com. The problem i had now with coingeneration.com is that i still have not reach a break even with 1 thread that i had subscibe. And there is no longer any cash withdrawal button on the back office. But as i have search on the chat room and coingeneration.com / forum i had known that the cashbutton would be back on July 24/13 , so we just have to wait for that.
I also had input on my account profile my usernames for egopay.com and paxum.com , which are recommended by admin of coingeneration.com.
https://www.egopay.com/?16463
https://www.paxum.com/payment/registerAccount.php?affiliateId=6054
IMPORTANT MATTERS ON THE PAYZA MATTER:
1. Based on the admin statement it looks they are proceeding on a credit card payments .
2. Payza's statement from my point of view is not comfortable working with coingeneration.com in the sense that they are telling DG that they dont know DG and are not comfortable with the sites activities ( i dont know what they meant). They are distancing themselves from DG.
3. Instructions were given for those waiting for their payments on or of coingeneration.com
4. Their good news was that they are assuring that they have the significant funds to keep up the payment. And also DG largest private PC network continues to expand steadily and our business operation will not be impacted by current situation
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