Plimus Shuts Down Vendors and Affiliates With No Notice

Plimus, the California based payments processor has apparently shut down hundreds, or possibly thousands, of vendors and their affilates, with less than 24 hours notice. Plimus apparently showed a complete lack of concern for their customers, and questionable business ethics and morals to boot, after suspending payment to these affected vendors and affiliates, for up to 3 months. The Plimus suspensions came with very little notice, leaving vendors scrambling to find alternative payment platforms to continue running their business.

It seems Plimus conveniently suspended payments, subject to “additional research”, only 4 days before vendors and affiliates were to be paid for earnings accrued during the month of December. Speculation in internet marketing forums is that Plimus is in trouble financially, and may not have been able to make payments owed on January 15, 2012.

You can read more about the Plimus Vendors shut down at webchicklet.com.