Yep, they actually discontinued on 5 January
I also am looking into Setcom and will be doing a comparison of countries covered between Paypal, Moneybookers and Setcom.
I think with all three services we would be able to achieve something - I will check out the options mentioned by you as well - many thanks - or maybe I should join the braindrain and just leave the country (LOL)
It is hard when one wants to do honest open business but governments and regulations stop one from conducting such honest business - and that most likely due to a couple of dishonest people. We are having a lot of that in South Africa lately........
Just for reference this was WorldPay's notification:
"Withdrawal of WorldPay Services for Mexico, South Korea and South Africa.
Over the past few years the environment in which we all operate as businesses
has changed quite markedly. Economic conditions have become more uncertain and
new regulations have come into force which affect global e-commerce and
e-payments. These include the main card scheme rules from Visa and MasterCard,
which govern the way we do business outside of the European Union (EU). These
rules demand that in order to continue our business in any country outside the
EU, we must enter into an agreement with a local bank.
WorldPay have given careful consideration to these regulations and to our
presence in all markets outside the EU. Regretfully, compliance with these
regulations cannot be achieved economically for customers in all regions and it
means that there are some countries and markets from which WorldPay must
withdraw.
We are sorry to have to inform you that your business is based within a country
where we can no longer offer our services, and therefore we are sending you
this email as 60 days notice of termination of your account. Your account will
be closed on 5 January 2005.
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