DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2011

DISCONTINUED OPERATIONS [Abstract]

DISCONTINUED OPERATIONS

NOTE 6 - DISCONTINUED OPERATIONS

Discontinued subsidiary - World Commerce Network, LLC

In July 2002, the Board of Directors of Pacific WebWorks, Inc. resolved to discontinue World Commerce Network, LLC.  World Commerce Network became a consolidated entity with the Company in March 2000.

On July 20, 2011 the Board of Directors of Pacific WebWorks, Inc. resolved to activate World Commerce Network, LLC for the purpose of pursuing investment opportunities.  All amounts that were classified as "discontinued" in the prior year have been reclassified.

Pending complaints

In September 2002, World Commerce Network, LLC received a complaint from a leasing company for recourse obligations funded for customer leases during 2000 for seminar related activities.  The agreement between World Commerce Network and the leasing company provides for recourse on leases in which customers have not made first payment.  Estimated recourse obligations for World Commerce Network approximate $95,000 and the company carried an accrued liability to provide for this amount through the year ended December 31, 2011.  There has been no active discussion with the leasing company on this matter since 2002.

Discontinued subsidiary - Fundworks, Inc.

In August 2011, the Board of Directors of Pacific WebWorks, Inc. resolved to discontinue Fundworks, Inc.  The business operations of Fundworks had been dormant for over a year and it had no outstanding liabilities when it was discontinued.