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Jaanis
January 23rd, 2004, 02:16 PM
Here is an email I just got from RX Medical:


Please be advised that commission payments for the week ending 1/16/04 will not be paid today due to internal problems that our credit card processing companies are having. These problems have resulted in our company not being able to receive funds for commission payouts this week. Commission payments for the period mentioned above will be made on Monday, when we expect to receive funds from the credit card processors. We apologize for the inconvenience, and assure you that we will resume normal commission payments schedules next week. With best regards, RX Medical Network Accounting P.S. As most of you probably know, we have significantly upgraded the commission reports. Please take a look if you haven't done so already.


It doesnt sound like a problem yet, but this is third OP that has had funds suspended from them by a CC processor. Could this be a problem in the future with other OP's as well?

Star
January 23rd, 2004, 02:19 PM
What about the week ending 1/10?


who else didn't get cc funds this week?

Jaanis
January 23rd, 2004, 02:34 PM
I hoping to get them tomorrow.

DaveM
January 24th, 2004, 04:36 AM
Please be advised that commission payments for the week ending 1/16/04 will not be paid today due to internal problems that our credit card processing companies are having. These problems have resulted in our company not being able to receive funds for commission payouts this week. Commission payments for the period mentioned above will be made on Monday, when we expect to receive funds from the credit card processors.


Someone needs to be more specific about what the problem is/was so as not to create speculation.

Star
January 24th, 2004, 12:56 PM
SOmetimes with merchant accounts when you hit the monthly limit of your agreement, they won't release the funds until the following month begins.

pharm_boy
January 27th, 2004, 03:29 PM
Our monthly limits are pretty huge, so have no fear there. This also had nothing to do with funds being suspended.


This was just a matter of the funds not hitting our accounts in time to get payments out on Friday. They all went on Monday as mentioned and will be going out on Friday this week.


Payouts is seeing a lot of reorganization right now, but the end result will be a far more reliable department.