U.S. SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C. 20549

                                      SCHEDULE 13D

                       UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                 (AMENDMENT NO. 3)


                                  TRANSAXIS, INC.
                                  (Name of Issuer)

                                   COMMON STOCK
                         (Title of Class of Securities)

                                    253838 10 6
                                   (CUSIP Number)

                                 Paul Egan, President
                            FreeStar Technology Corporation
                  Calle Fantino Falco, J.A. Baez Building, 2nd Floor
                   Santo Domingo, Dominican Republic; (809) 503-5911
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                    Communications)

                                   October 14, 2003
               (Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13C, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box [  ].

1.  Names of Reporting Persons. S.S or I.R.S. Identification Nos. of Above
Persons (entities only):  FreeStar Technology Corporation (88-0446457)

2.  Check the Appropriate Box if a Member of a Group (See Instructions):
(a)________________________________________________________________________
(b)________________________________________________________________________

3.  SEC Use Only:
___________________________________________________________________________

4.  Source of Funds (See Instructions):
     OO

5.  Check if Disclosure of  Legal Proceedings is Required Pursuant to Items
2(d) or
2(e):
___________________________________________________________________________

6.  Citizenship or Place of Organization:  Nevada

Number of Shares Beneficially Owned by Each Reporting Person With:

7.  Sole Voting Power: 350,900

8.  Shared Voting Power:  0

9.  Sole Dispositive Power:  350,900

10. Shared Dispositive Power:  0

11. Aggregate Amount Beneficially Owned by the Reporting Persons (combined):
350,900

12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares: _______

13. Percent of Class Represented by Amount in Row (11): 43.5%

14.  Type of Reporting Person:  CO

ITEM 1.  SECURITY AND ISSUER.

TransAxis, Inc.
Common Stock, $0.0001 par value
348 East 6400 South, Suite 220
Salt Lake City, Utah 84107

ITEM 2.  IDENTITY AND BACKGROUND.

(a)  Name: FreeStar Technology Corporation

(b)  Business address: Calle Fantino Falco, J.A. Baez Building, 2nd Floor,
Santo Domingo, Dominican Republic

(c)  Principal Business: International payment processing and technology.

(d)  FreeStar has not been, and to the best knowledge of FreeStar, none of the
directors and executive officers of FreeStar has been, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors.

(e)  Except as described below, FreeStar has not been, and to the best
knowledge of FreeStar, none of the directors and executive officers of FreeStar
has been, a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.

On March 6, 2002 the Securities and Exchange Commission ("SEC") filed an
action against Raece Richardson and David McKenzie, formerly the president
and vice president of Freedom Surf, Inc. (as FreeStar was formerly known as),
respectively, for securities fraud, for falsifying Freedom Surf's financial
statements.  The SEC's complaint alleges that the two included $5,180,000 in
fraudulently valued assets on Freedom Surf's financial statements filed with
the SEC between January and November 2000.

In connection with the action against Raece Richardson and David McKenzie,
the SEC also charged FreeStar, as successor corporation to Freedom Surf, with
violations of Section 17(a) of the Securities Act of 1933, and Sections
10(b), 12(g), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange
Act of 1934 and Rules 10b-5, 12b-20, 13a-1, 13a-11 and 13a-13 thereunder.
FreeStar resolved the litigation without admitting or denying the allegations
in the complaint by consenting to an entry of final judgments of permanent
injunction from violating any of the foregoing sections of the Securities Act
and the Exchange Act, and rules thereunder.  The settlement represents
neither evidence nor an admission of wrongdoing or liability of FreeStar.
All the violations alleged predated current management's assumption of
control.  For additional information, shareholders are urged to review the
Commission's Litigation Release No. 17397 and Accounting and Auditing
Enforcement Release No. 1514, dated March 6, 2002 at the SEC's website
www.sec.gov.

(f)  Citizenship: Nevada

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

The consideration for the purchase described in Item 4 below was 3,200,000
newly issued shares of FreeStar's common stock.

ITEM 4.  PURPOSE OF TRANSACTION.

Purpose of the acquisition of securities: see Item 6 below.

Except as described in Item 6 below, FreeStar does not have any plans or
proposals which relate to or would result in: (a) the acquisition by any person
of additional securities of TransAxis, or the disposition of securities of
TransAxis; (b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving TransAxis or any of its subsidiaries;
(c) a sale or transfer of a material amount of the assets of TransAxis or any
of its subsidiaries; (d) any change in the present board of directors or
management of TransAxis, including any plans or proposals to change the number
or term of directors or to fill any existing vacancies on the board; (e) any
material change in the present capitalization or dividend policy of TransAxis;
(f) any other material change in TransAxis' business or corporate structure;
(g) any change in TransAxis' charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of
TransAxis by any person; (h) causing a class of securities of TransAxis to be
delisted from a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national securities
association; (i) a class of equity securities of TransAxis becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934; or (j) any action similar to any of those enumerated
above.

ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER.

(a)  Number and percentage of class: 350,900 shares owned by FreeStar, which
represents 43.5% of the outstanding shares.

(b)  Number of shares as to which there is sole power to vote or to direct the
vote, sole power to dispose or to direct the disposition, or shared power to
dispose or to direct the disposition: FreeStar has sole voting and disposal
power with respect to all 350,900 shares reported.

(c)  Transactions in the class of securities reported on that were effected
during the past sixty days or since the most recent filing of Schedule 13D,
whichever is less: None.

(d)  Any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities: Not applicable.

(e)  The date on which the reporting person ceased to be the beneficial owner
of more than five percent of the class of securities: Not applicable.

ITEM 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.

On September 24, 2003, FreeStar entered into an agreement with certain
shareholders of TransAxis, Inc. ("TransAxis") (formerly Digital Courier
Technologies, Inc.) ("TA Acquisition Agreement").  The terms of the agreement
provided for FreeStar to acquire two assets of TransAxis: (a) 373,382 shares of
company common stock (which represented 43.5% of the total of 805,000 shares of
TransAxis common stock outstanding); and (b) a right to convert $349,984 of
TransAxis debt into 2,916,533 shares, which if converted, would have given
FreeStar 87.5% of the outstanding common stock of TransAxis ("Conversion
Right").  The Conversion Right, which was part of a settlement agreement
between Don Marshall, the former CEO of TransAxis, and TransAxis, was assigned
by Mr. Marshall to FreeStar.  In exchange FreeStar was to issue on a pro rata
basis based on the sellers' current percentage beneficial ownership of
TransAxis common stock (including the beneficial ownership of the
TransAxis common stock represented by the Conversion Right) the aggregate
number of shares of FreeStar common stock which is the greater of (i) 7,000,000
(1,000,000 post reverse-split) shares of common stock, or (ii) that number of
shares of common stock equal to $1,260,000 divided by the average closing bid
price per share of the common stock on the five days prior to the closing date.

On October 8, 2003, the parties amended the TA Acquisition Agreement.  The
following was amended under this document:

(a)  The Registration Rights Agreement was amended so that FreeStar was to
use commercially reasonable efforts to cause a Form SB-2 registration
statement covering re-sales of all of the shares of FreeStar common stock to
be issued to or on behalf of the Sellers at the closing to be filed with the
SEC within 180 days after the closing.  Thereafter, FreeStar was to use
commercially reasonable efforts to have this registration statement declared
effective as promptly as possible, and to keep this registration statement
effective until the earlier of (i) one year following the effectiveness date
or (ii) that date on which all of the common stock covered by the
registration statement may be resold without further restriction pursuant to
Rule 144 under the Securities Act of 1933.

(b)  The parties to the agreement concur that the original amount of FreeStar
common stock to be issued in connection with the TA Acquisition Agreement was
31,500,000 (4,500,000 post reverse-split) shares, but that due to a certain
liability of TransAxis, the total amount of common stock to be issued by
FreeStar was reduced to 25,312,053 (3,616,008 post reverse-split).  In
addition, due to a missing stock certificate of that company, FreeStar was
required to deliver a further reduced total of 25,183,418 (3,597,631 post
reverse-split) shares of common stock at the closing, with the remaining
128,585 (17,941 post reverse-split) shares only upon delivery to FreeStar the
missing stock certificate.

On February 20, 2004, the parties further amended the TA Acquisition Agreement
("Amendment No. 2").  FreeStar had identified certain accounting-related
deficiencies in the books of TransAxis which predate the closing date, and that
such deficiencies have and will continue to preclude TransAxis from being able
to obtain audited financial statements without undue effort and expense, if at
all.  In order to avoid the cost of litigation and further disputes and
negotiation, FreeStar and TransAxis agreed to reduce the number of shares
ssuable under the TA Acquisition Agreement from 25,183,418 (3,597,631 post
reverse-split) to 3,200,000 (457,143 post reverse split), which were actually
issued.  In exchange, FreeStar actually received 350,900 shares of TransAxis
stock, or 43.5% of the total issued and outstanding shares of TransAxis, with a
right to receive an additional 22,482 lost shares of common stock and a right
to convert certain debt into 2,916,533 shares of common stock upon the exercise
of its Conversion Right.  FreeStar never exercised its Conversion Right, and
never controlled a majority of the common stock of TransAxis.  FreeStar and
TransAxis rescinded the Conversion Right, effective on June 17, 2004, but
FreeStar retains its claim for $349,984.

After extensive discussions and following the unanimous determination of the
FreeStar's Board of Directors, FreeStar terminated the TA Agreement as of June
17, 2004.  This decision was based on both TransAxis' and the sellers' failure
to disclose material liabilities and contingencies in connection with that
company, as well as their failure to comply with their obligations under the
agreement.  FreeStar believes that it will recover the 3,200,000 (457,143 post
reverse split) shares issued under the TA Acquisition Agreement.

ITEM  7.  MATERIAL TO BE FILED AS EXHIBITS.

(a)  Stock Purchase Agreement between the Registrant and the stockholders of
TransAxis, Inc., dated September 24, 2003 (incorporated by reference to
Exhibit 2.1 of the Form 8-K filed on October 24, 2003).

(b)  Amendment to Stock Purchase Agreement between the Registrant and the
stockholders of TransAxis, Inc., dated October 8, 2003 (incorporated by
reference to Exhibit 2.2 of the Form 8-K filed on October 24, 2003).

(c)  Amendment No. 2 to Stock Purchase Agreement between the Registrant and the
stockholders of TransAxis, Inc., dated February 20, 2004 (incorporated by
reference to Exhibit 2.3 of the Form 8-K/A filed on March 2, 2004).

(d)  Rescission Agreement between the Registrant and TransAxis, Inc., dated
August 24, 2004 (effective on June 17, 2004) (incorporated by reference to
Exhibit 10 of the Form 8-K/A filed on August 26, 2004).

                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the above information set forth in this statement is true,
complete and correct.

                                       FreeStar Technology Corporation



Dated: February 21, 2005               By: /s/ Paul Egan
                                       Paul Egan, President