Updated 2/7/2019: As of September 22nd, 2016, PacNet no longer offers payment processing services. In 2016, the U.S. Justice Department shut down PacNet Services and froze its assets, accusing the company of knowingly facilitating widespread, organized mail fraud on a global scale. According to the Justice Department and a CNN investigative report, PacNet Services processed payments for over a hundred different mail scams that primarily targeted the elderly. The U.S. Attorney General claims that the fraudulent payments involved tens of millions of dollars in 2016 alone. PacNet Services’s operations are shut down because the Treasury Department’s Office of Foreign Assets Control has designated the company a significant transnational criminal organization.
PacNet Services Ltd. (pacnetservices.com) is a merchant account provider based in Vancouver, British Columbia. Founded in 1994, the company specializes in international credit card processing for e-commerce businesses and online charities. The World Payments Guide on the company’s website lists over 200 countries in which PacNet Services offers some kind of payment processing solution. PacNet Services also does business under multiple other names, including Accu-Rate Corp (accu-rate.ca), Chexx Inc. (chexxinc.com), and PacNet Air (pacnetair.com). The company does not list an acquiring bank on its website and is headquartered at 595 Howe St, Vancouver, British Columbia, V6C 2T5, Canada. According to news articles and social media profiles, Rosanne Day is the CEO of PacNet Services.