This still does not look very promising to me.
Dear John,
GPal is happy to announce that operations are back up and running for new checking account transactions. Transactions originated on or after March 09, 2011 should now be processed within our 2-7 business day target.
As some of our customers have been acutely aware of, GPal has been experiencing a variety of growing pains that stem from the Credit Card acquiring banks failing to deliver customer funds to GPal.
[COLOR="Red"]As a result, we have taken the drastic step of suspending credit card payments entirely until such time that we are able to process them in a timely fashion.
Many of you may be waiting on funds from those transactions and rest assured that GPal is doing everything we can to work with the banks to get your funds released from the Credit Card acquiring banks.[/COLOR] If you are one of our customers who have been affected by these credit card bank holds, you can help us speed up the process by having the Buyer fill out the form at:
http://www.gpal.net/CreditCardAuthorizationForm.pdf and sending it to
support@gpal.net.
Throughout all of this, we at GPal have been fighting tooth and nail despite adverse bank action to continue to bring our customers the services they need and we will continue to disburse money to our customers within the bounds of bank requirements. It is our aim to provide you the best pro-rights payment processing service possible and we will not waver from that commitment.
In order to get back on our feet and fully recover, GPal must expand its offerings, including but not limited to offering a Debit Card for easier and immediate funds access for our sellers and expanding our processing base. To do so we need your help.
GPal remains absolutely committed to providing the only pro-rights and non-discriminatory payment service in the world. Thank you for your support and patience.
Sincerely,
Ben Cannon
Chairman/CEO
GPal, Inc.
