x.com to cease operations

I just received this email from x.com:

Dear X.com account holder,

As part of X.com's continuing product shift to focus exclusively on our
industry-leading online payment service, PayPal, we are ceasing operation
of the X Finance business, including the Internet banking division of
First Western National Bank ("FWNB"), as of December 1, 2000. Please
close your FWNB account by following the instructions at
https://secure.finance.x.com/account_closure.asp. Accounts not closed by
December 1, 2000, will be closed by us on that date and the balance mailed
by check to the most recent address that you have provided.

Effective November 20, 2000, we will no longer accept deposits to your
account, including wire transfers. Please be sure to cancel any direct
deposits or automatic electronic funds withdrawals you may have attached
to your account prior to that date. After December 1, 2000, no items
presented for payment will be accepted, including checks, electronic funds
transfer requests and debit card transactions.

Any Certificates of Deposit (CDs) will be redeemed and credited to your
account on or before December 1, with full interest through maturity.

Please be aware that repayment obligations under outstanding Lines of
Credit are unaffected by this action, and payments should continue to be
made in accordance with the Overdraft Account Agreement at
https://secure.finance.x.com/help_termsofuse.asp#lending. Additional
information concerning procedures for future line of credit payments will
be sent at a later date.

Mutual Fund Shareholders
As a result of this action, X.com will be discontinuing the mutual fund
business of X Finance on December 1, 2000. Please check your fund account
balance and redeem all your shares on or before December 1, 2000. All
remaining shareholders of the Funds on that date will have their shares
redeemed on the following business day (December 4, 2000) at the net asset
value determined on that date. A check for the proceeds will be mailed to
the most recent address that you have provided. For more information,
please see https://secure.finance.x.com/info_prospectus.asp.

Thank you for your business with X.com Finance and FWNB. We regret any
inconvenience this action may have caused. To those X.com Finance
customers who already have PayPal accounts, we look forward to continuing
our service to you and to meeting all your e-payments needs. To those who
have not yet opened a PayPal account, we hope you will join the more than
4 million people and businesses currently using X.com's PayPal to send and
receive payments online - and now with the opportunity to earn money
market rates of return, as well.

Sincerely,
Executive Team
X.com

Executive Team
First Western National Bank

 

I totally agree! I opened up a Paypal account and have been trying to get "verified" without success. They claim my bank account can not be used for verification or withdrawl funds from, but I can deposit my paypal funds into it. I spoke with a CCR and he told me to open another checking account. Screw him! I'll stick with ecount. Not only are you allowed to deposit $2K every month (without verification) but they also send you a debit/mastercard to use against your account. If you want to shop on line with your ecount account, they automatically give you a mastercard number to use right then. All this for a small fee of $1.00!

 

Dont you think paypals going down? They have a few competitors now. I wouldnt trust paypal as far as I can spit.

I recieved sign up bonus and referral money from them. No problems.

I dont know whats going on with paymentalt, but check out Exchangepath:

https://www.exchangepath.com/consumer/security.jsp?pId=640592dest=RF

No more signup bonus but they pay a $5 ref. bonus.

 

I agree, I use Exchangepath.com, they are very good and accept way more credit cards then Paypal.