I have never liked Stormpay, became a member only to make a handful of purchases that were not available any other way at the time, and held my nose every time I used them.
During the 12DP debacle, I did a lot of digging into their background and found them to be some of the shadiest characters to ever cloud the sunny shores of cyberspace. How they've been able to survive as long as they have proves that in the online world, at least, crooks and scammers are a lot harder to stop than in the real world.
Many have said, "I told you so," regarding 12DP, and rightly so. It was rather obvious from the beginning that they and others like them couldn't possibly legally create the kind of revenue necessary to pay the returns they offered.
Yet Stormpay was happy to be the payment processor for these ponzi organizations, AND happy to certify them as trustworthy companies through their sister company, NetIBA. Furthermore, they collected even more money by convincing Stormpay members who were involved in paid autosurfs to get certified themselves in order to pay far lower processing fees when they used Stormpay to pay and receive payment from the paid autosurfs.
As things heated up with 12DP, Stormpay told its members all manner of tall tales, attempting to paint themselves as the good guys, all the while sitting on a small fortune in collected fees from illegal companies they knowingly supported over the past several years.
Now, just when you thought that things might get back to normal with Stormpay as the dust settled and they got back to the business of being a "legitimate" payment processor, they've suddenly locked out even more of their paying customers by making it a requirement to do ALL your Stormpay business through Stormpay auctions.
Read their announcement at https://www.stormpay.com/stormpay/handle_gen.php
What this means to all the legitimate businesses who have been using Stormpay for recurring subscriptions is that ALL their subscriptions via Stormpay have now been cancelled, leaving them with a greatly reduced or even non-existent cashflow even after following all the rules.
It is an absolutely disgusting way to treat hard-working, paying customers and a shame to the business world to think that they are peers in business. I personally hope they fall flat and crawl back under the same rock they crawled out from.