Quote:
Originally Posted by samo
Dasbroot, I really do hope they pay us Monday, as me and all others can use the money. I dont know if you did business with IBILL or not. I was with iBill for 5 years, and they always paid me on time. When things started to go wrong, I beleived every lie they told me. After all, how can such a huge and known company, thats doing millions in business have a major problem I told myself? Not in my wildest dreams did I think I iBill will fuck me.
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Hearing the pain samo and sorry to hear about your experiences with processors - you sure are not alone.
Sadly, there is serious doubts about getting funds from Paymonde and it's something that cannot be relied upon.
Next... to use an iBill term, "looking forward", - only my
but, seriously suggest you have an entity formed within the EU. Webmasters are not "country specific" any longer and the more "tools" you have in place, the better. Foreign corporations can be used for other functions as well as just processing ability.
Have said this already in other threads, but will repeat, - it is vital that you elect to use processors who have a business model in place to cover any funds in the event of a processor experiencing financial problems. The only two processors that I know of that have this biz model are based in the EU - SegPay.com and Verotel.com. The day of being "all good guys" has passed - it's now a matter of "where is the security paperwork?".
If you do not feel comfortable with simply buying an EU corp, I can give you lawyer contacts (some of them can even be handled online), but, before going there, I'd strongly suggest you contact Kristi at SegPay who will probably be able to give guidance on this and ensure that the corporation is in compliance with VISA EU rulings.