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I hear all the hate and bile here and fully understand it. But the question is can Ibill survive long term.
I seriously doubt if Ibill will be around for long as they will sink because of costs, whether this time they are legit or not.
They have costs to cover day after day, whether they take $10 or $10,000,000. These costs are fixed, the more they grow the more these costs grow. Though not in proportion to their revenue. However to cover those basic costs they need XXX amount of business. With their 5% charges they will need a lot more than normal.
The days of new inexperienced people running big web companies profitably are very much over. So where will the business Ibill need to cover their costs come from? Not from those who know their history I wager.
Anyone processing with them runs the risk that the incoming revenue to Ibill will not cover the outgoing costs which leads to closure and loss of the business.
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