Epayment solution Bitpass discontinues their operations

Just got an email from the Bitpass stating that they discontinuing their operations

Here is the email: "Dear Valued Bitpass Merchant,

We want to thank you for your past business, however due to circumstances beyond our control, we are discontinuing our operations.

We have partnered with Digital River to provide operational support during the period prior to shut down. As of today, January 19, 2007, all Bitpass Buyers with US dollar denominated accounts are being notified that they will have seven (7) days to spend any amounts that currently exist in their Bitpass Account."

P.S. Micropayment is a tough business indeed.