Quote:
Originally posted by necoeds
Rumors:
1) Supposedly Ibill got slapped with a HUGE fine from master card recently, it was rumored to be in the $27 million dollar range (as quoted from a previous post)
2) Ibill won't be around in 6-12 months (as quoted by "industry insiders" in an earlier post)
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Where did you see that MC hit them with a 27M fine? They were fined but their reports have it under 100k.
I think there is real concern at this point that Ibill is tentative with the adult business, and that they are somehow unable to continue properly.
For Ibill to be late with a payment is a MAJOR issue. I have been with them since early 98 and not one check up until now has ever been late or bounced. For them now to be fiddling dates and accounting figures and leading us on is a very worrying sign. I am actually a big Ibill fan, but this has me worried.
Probably their EU banks are not paying on time or they are having trouble getting a wire system set up with those banks. One thing I am not clear on, is it only EU guys who have not been paid?
Even if the above is the case they should have covered everyone
out of domestic accounts. They did do this with some guys evidently. The fact that they seem to be unable to do this for all is what really worries me, cos that means cashflow issues.
I guess at this point we will get the story in Vegas about this.