Let me put it simple, if you hear someone mention CashX the Payment Processor then run, run far and fast because you are definitely not safe around it, at least not your money.
First the person running this payment processor is a so called Terry Kurtis whom is known online as a pure cold blooded scammer, I don’t know any details about that person but I will tell you what I do know and my experience with CashX the payment processor scam that he runs and their service.
It all started when a good friend of mine decided to send me some funds for personal matters and asked me to start a CashX account since Alertpay fee’s were a bit too high, normally I didn’t have any problems with that so I went ahead and joined CashX (Big Mistake) and verified my account by sending my ID picture plus confirmed my bank account by following their security procedure, on the 29th January 2011 I was already registered, verified and had the funds in my account from my friend. Everything seem to be working just fine so far until I made the biggest mistake… Tried to withdraw my funds. First choose the withdrawal option through MoneyBookers and nothing happened for 7 days, after sending a support ticket and getting a reply in just few hours I was informed that withdrawals for over $500 in a new account have to go through a verification process and that it would take them 10 days to complete this process. After 12 days nothing has happened and nothing has changed so I decided to send another support ticket and the reply to this one was that they are checking the transaction to see if its legit and if everything is in good standing, my reply to them was that they had more than 10 days to complete this process but OK why not give them more time, after 15 days I contacted my friend and had him call and send a support ticket telling them that he sent the funds and that everything is alright… that was the second mistake, I never heard from them again even though they suggested it was a good idea to have him contact support.
I tried sending countless tickets and never received reply while some weeks before I was getting replies always within 24 hours, the person who sent me the funds also tried with no luck. The next step I took was to cancel the pending transaction and try withdrawing using several different methods giving each transaction at least 1 week to clear with no luck at all… It was clear to me at that point “They simply didn’t want to process the withdrawal and didn’t want to reply to the support tickets either”. End of February (30 days later) and I still have the funds locked in my CashX account for no apparent reason, I decided to deposit the funds into a program in order not to completely loose the funds by having it there as “Virtual Money”. As soon as I deposited I received a reply to one of the many pending tickets I had saying that the funds were already spent and there is no need to send tickets since my balance is $0. That was after they didn’t reply to my tickets for almost 2 weeks.
In the process of waiting for the transactions to be completed I contacted several CashX users to ask for support in exchanging the funds to a different processor, since I guessed that someone must be using it successfully, what I discovered was that they were having the same problem (Withdrawals not being processed) and they had to exchange paying high rates in order to get the money out of there. Right after I deposited the funds into the program I contacted them and told them to cancel my account and delete all of my details, its definitely not safe with them.
This has been my experience with CashX as a Payment Processor and I suggest caution if you are going to use it or better yet Don’t use it at all, the guy behind it is a scammer and you can tell by the above story.
That’s all and I just wanted to share it with everyone for one main reason… So you don’t get caught in the same situation I was.
Dirson E. Jimenez Santana (strosdegoz)
Source : http://blog.donothin...scam-alert.html