Pioneering payment processor Kagi abruptly ceased operations as of midnight, July 31, 2016.

One of the earliest shareware payment processors Kagi in Berkeley, CA, announced it is has ceased operations effective yesterday, July 31, 2016. As a supplier I received an email shortly before midnight last night stating final account data will be distributed by August 20. Monies are with a third-party. There is little further information other than apologies and a hint of problems with fraud by a supplier.

I used Kagi myself for ten years or so. I’m sorry to see them go. Does anyone have any more information on what happened?

submitted by /u/babsbaby
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