"The following is the official response to the statement Cashtanker made.

The decision by Cashtanker to cancel all StrictPay orders was foreseen and expected, as he does not have nearly enough funds to cover withdraw requests. At the moment, there is $2406.18 in their account. To be frank, his account has never been suspended. He can login right now and do anything but send money. We disabled his ability to send money when he said he would not be paying customers until December 20-25. While we try to trust all of our customers, it is common for websites to make claims like this when they can no longer pay their members in an attempt to drag them on as long as possible.

Also, it is worthy to note that this is not the first time he has tried to blame us for his problems. We had a system issue a few weeks back and he could not make payments using the AutoPay system for about 24 hours, and this affected all merchants. When all other merchants continued to use the service, he then told his customers that we were delaying his payments for the next few weeks, when in fact his balance was the limitation in his ability to make payments.

With that said, Cashtanker has never funded their account with their own money. All funds that were ever available in their account were received from other customers. They told their customers that they sent us a wire to fund the account, yet we have still never received a single funding from them of any type. They have always been free to fund their account to pay their customers, and in fact we hope that they do. The fact is, over the past few weeks of their account activity, they started making payments to customers and draining their account on a daily basis. The reason we let this go on is simple, they were paying their customers.

I think it goes without saying that we have not stolen all of their funds. Why would we risk losing thousands of loyal customers over a couple thousand dollars? It just does not make sense. Also, we already have one new bank account running and functional, and are simply waiting for a few others to finalize the process on their end. Cashtanker and Sam may call us what they would like, but in the end we will still be here and it is unfortunately likely that they will not.

We hope that they do make their payments as promised, between the 20th and 25th of December, as there are obviously thousands of customers that will be hurt if they do not. We feel confident that our customers will see through this desperate ploy and realize the truth. And, for those that do not, we fully understand and respect your decision.

Sincerely,
StrictPay Administration"