We owned a shop selling consumer goods and signed up for a merchant account with a company called W-Pay.com.

We were a little suspicious about them as they had no address, no telephone number and one email address which when replied to, was never signed.

We started selling goods and taking payments but with held the goods until we received the 1st payment form these people.

That did not arrive, as suspect4ed, so we demanded that they refund our customers and close our account.

We had to put serious pressure on them to do this, and all they asked was for us to carry on taking payments, which was never going to happen.

Luckily, we signed onto our account area and refunded everyone, about 1 hour before they blocked our access, so no-one lost out but us. Anyway, watch these people, they have several names

Totaltrans.net
Wpay
cspmts.com
cpipay.com

A whois search shows nothing, these people purposely try to hide. If you are a merchant, don't sign up to them, if you are a customer, get in touch with your bank and get a chargeback.

Hope this saves some people some money.