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...relief for the outstanding debts will come in the form of discounts on payment processing until creditors have recouped the outstanding amount owed by iBill Fla., (2002-2007). With the standard rate for payment processing set at 14.5 percent of all transactions, creditors will be able to negotiate a lower rate, with rates as low as 4.5 percent, that will run until the debt is settled. The difference between the traditional rate and the debt conversion rate will represent the amount that will be applied to the debt.
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Like anyone is going to entrust iBill with their funds (again!) to get a discount!
WG