Hi everyone,

I'm currently in the process collecting supporting information against Stormpay. The reason is I would be submitting dispute case for a very large amount (above $10K) funded through VISA.

To have a strong and valid dispute case, first I need to find some supporting documents or evidence to indicates the unethical intention of Stormpay in managing its money. My bank has asked me to prepare all supporting documents and I'm in the process of consolidating all my correspodence with the above mentioned merchant.

Any lead or info is greatly appreciated. I believe that if my case is successful, it would give a lot of insight to those who would hope to dispute against Stormpay in the future.

I would put up a blog soon to let everyone about the progress of my dispute. What I could say now is that we are in the preparation stage. Hope will give everyone the good news soon.

Good for you! Wish you lots of luck. I too put in a large amount into 12daily right before they froze the account. Do you think there's a chance I can get anything back?

If you are to file a case, it should be done with proper supporting information. Basically, your bank will do a chargeback upon receiving your dispute but SP will counter with your transaction history as evidence. I will keep everyone updated regarding my case.

Make sure you point out to your bank that the recipient never got the money SP was supposed to send them. You have to be really clear when stating this to your bank. Ask for proof that SP sent actual money to the recipient.

Yeah.. Another brave one stood up. I don't hav anything to help you man.. So sorry.. I wish u LUCK.. giv us the update.. I'll view this thread everyday and spread the words in all the forums in my country.. GOOD LUCK man..

This will not work for the majority of the people here. Most people sent money to Storm Pay and then Storm Pay sent the money to the SP accounts for 12DP, Alien Trust, etc. Then SP froze the money in those merchants accounts. What they did was wrong, it was illegal, however the money DID get sent from you to 12DP and other HYIPs, and SP has the transaction history to prove it.

Your advice would actually hurt most people's chances of a chargeback if they followed through with it.

My chargeback was successful. I stated that they never passed on the money and kept it instead. So in a sense I'm right. Their transaction record doesn't mean much since there are so many chargebacks against them. Banks will realize that SP is at fault...

yeah numanuma! way to go. wish you good luck in getting back the righfully yours. keep us updated, pls.

well, it's a little comforting knowing such encouragement. i'm still preparing the official letter to be submitted to my bank. thank you all for stopping by and gave me the reasons to fight on.