In a post to LinkedIn three weeks ago, Lorant Barla, CEO of Romania-based Softland, said, "Digital River is automatically 'pre-signing' contracts in your MyCommerce account without your approval. The new MSAs [Master Services Agreements] stipulate additional platform fees and payments delayed for up to 60 days (we are still waiting for the payment from July)."
And:
One of the vendors who has been asking to be paid showed The Register a note received from Digital River's law firm, New York-based Mintz & Gold, in response to payment inquiries.
The law firm says that Digital River presently doesn't consider merchant debt claims to be valid obligations.
Seems like a total meltdown. Hopefully merchants get to recoup at least some of their losses from this fiasco.
Comments
Some crazy details in here:
And:
Seems like a total meltdown. Hopefully merchants get to recoup at least some of their losses from this fiasco.