Originally Posted by captainjapan.

i use to work for that fucked up company, ibill. I've never heard of any of those names listed. i came way after all the bullshit went down. basically segpay was and still is the new ibill. all the crooks from ibill formed their own company and its called segpay. i only worked there 5 months. it was a total joke. i was in sales trying to drum up business, but mostly took calls from pissed off webmasters wanting to know where their money is. i was making really good money for doing nothing so i stuck around for 5 months. very shady people that worked there. jeezus.
i found out exactly what went down. basically all the upper management and sales people kept "paying themselves forward" is how i was told. they would keep all your money up front to put in their own pockets first then they thought they could "pay the webmasters next month" but they kept doing it month after month. sure they had their cars and huge houses. one guy who came back told me he was in sales and made like $25,000 a month for a few months straight and he bought not only himself but his mom a house too! and thats just a sales guy. God only know how much upper management was putting in their pockets.
So basically it all snowballed after a few years of paying themselves first and then its like "oops, we dont have any money left for our actual clients because we all put it in our pockets". Its nothing but total greed and robbery. I cant believe they got away with it actually. Its no different than robbing a bank. You webmasters probably already know this whole story though.