Online Money Exchange Calls It Quits
By Staff
Online payment processor FirePay has notified members that it will be shutting later this month.

The UK-based service began the process yesterday by announcing that it would no longer allow users to add funds to their accounts or transfer money. The company stated that users now have 150 days to withdraw funds from their accounts or review account statements.

'Effective Monday, December 10, 2007, FirePay will no longer allow funding, spending or payment transactions,” read a statement from FirePay.

“FirePay account holders will still be able to access their account to review their online statement, register and validate their bank account and withdraw any existing balance free of charge for a 150-day period ending on Thursday, May 8, 2008. After this date, the FirePay website will no longer allow account access and all further inquiries will have to be directed to FirePay via email at Any requests for withdrawal of a remaining balance after Thursday, May 8, 2008, will incur a $25 payment handling fee.”

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