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Yanisar D.

Thailand

Contributor Level

Total Points
160

About Me

Owner iof a small business selling amulets and charms on line https://www.thai-amulets.com

2 Reviews by Yanisar

  • PayPal

7/15/21

Unpredictable, untrustworthy and pretty much un usable. Can be a good service but for one reason or another they will ALWAYS end up shafting you, and thats a simple fact

  • CCNow

7/13/21

I previously used CCNOW but they stopped making payments, likewise I stopped using the service. I lost a few hundred dollars and counted myself lucky.

Its no surprise that I read the reports of failed payments, lies and deception. You only need to review the annual accounts for Snorasson Holdings to realise this company is in severe difficulty

Whilst in 2015/6 they were turning over a few million USD with positive profits, something happened in 2017 when the company turnover started to decline rapidly. The 2019 accounts report a total turnover of only 600,000 USD with massive losses. - Possibly something to do with money laundering and loss of services as part of the pacnet group: https://www.treasury.gov/press-center/press-releases/Pages/jl5055.aspx

I also suspect the company will be filing bankruptcy very soon and you would be wise not to use any of the services offered as it is unlikely they have any money in the bank to pay anyone.

Its a real shame because its so difficult living in Thailand to find a global payment gateway and I have struggled to find a suitable alternative. Maybe they should give the service back to Digital River

I genuinely feel sorry for those that have lost thousands and really hope they find a way to recover their money. I suspecct those owed a few hundred may never see the funds.

One thing is for sure, it would be nice to know the truth and I think CCNOW/Snorasson owe this much to their customers. Its hard to know if these financial problems are due to mis management or if the money has been embezzeled by the Directors, in which case they should be in prison

And I thought Paypal were bad!

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