Proximatitan.com administration described their current issues with AlertPay payment processor in their recent update. They have their account blocked. As they inform, they are trying to resolve this issue, but judging from the experience of other programs, such issues can hardly be resolved in favor of the program:
One of the payment processors which Proxima Titan Funds accepts, Alertpay has recently restricted our Alertpay's account access on 24th March 2010.
We had opened a ticket immediately on 12:30 pm 24th March 2010 (as per Alertpay's office time) and ticket was answered next day, 25th March 2010 at 5 pm.
We expect the issue to be resolved no earlier than Wednesday 2010. Alertpay funds invested by clients of the Proxima Titan Funds are now held in restricted account and in control of Alertpay.
However, as always Proxima Titan Funds has been considerate with its clients, we have worked out following alternatives -
a) Clients who had invested via Alertpay can withdraw their daily profits via Perfect Money and Liberty Reserve today onwards. Since we will be using company's fund to pay off your withdrawal requests during this period, and therefore the AP to PM exchange fees will be directly born. All withdrawals via PM will carry 5% fees and all withdrawals via Liberty Reserve will carry 10% fees. I would like to clarify that this fees is only applicable on all Alertpay withdrawals carried out via PM or LR.
b) Clients can wait for the issue to be resolved and subsequently request for withdrawal via Alertpay. We expect this to happen by Wednesday. If the clients opt for option b, they shouldn't request for withdrawal at this moment, but wait for our email on Wednesday.
I apologize for any inconvenience caused and hope you all will support us during the period of minor hick-up.