Quote:
Originally posted by Lensman
They had an executive roundtable today with some big industry people. The new management team there is top notch, and make no mistake, Ibill is profitable and will be here for us for a long time. Why do you think 2 of the 5 biggest programs out there use them?
With all the credit card turmoil, I feel good about using Paycom and Ibill for my processing.
I'm tired, my flight was delayed 3 hours in Dallas.
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Lens,
Worldcom, Enron, Tyco, HealthSouth and others said they were profitible when they weren't.
Intercept reported an $.11 per share loss this past quarter (mostly relating to the purchase of iBill). The company pays its CEO over $575k a year for only $226.7M in sales (plus a gaggle of hacks that make $200k/yr.).
An average Costco location generates a similiar amount of sales per year and only pays the store manager around $120k-$180k.
http://biz.yahoo.com/p/i/icpt.html
Personally, I have never had a problem with iBill. I have used the service for over a year and I have always been paid on time. I do find them to be expensive and they take on little risk in return.