More bad news...
Quote:Dear Valued Merchant,
It is with sincere disappointment that we announce that SolidTrust Pay will be permanently ceasing its operations effective April 1, 2020. For 14 years, we have been a leader in the payment processing industry, providing our members and merchants with unsurpassed service. Thanks to your support, SolidTrust Pay’s success has reached far beyond our community of over one million members. Year after year, you have helped us dedicate a generous portion of our annual operating budget to charitable giving both near and far. For this, we thank you.
To our regret, changes in economic and regulatory conditions in recent years have had a significant and negative impact on our operations. These changes have made it difficult to secure the financing required to expand our services outside Canada. In addition, the entrance of large technology companies such as Apple, Samsung and Google into the payment processing sector has made it difficult for us to grow, as we have increasingly found ourselves competing for less and less available market share. After an extensive review, SolidTrust Pay’s executive board has decided that ceasing operations is the most appropriate course of action.
We request that you inform your members about the forthcoming discontinuation of our services and proceed to withdraw any remaining funds in your SolidTrust Pay merchant account prior to April 1, 2020.
It's been quiet for too long without a payment processor crisis I guess..