04-24-2014, 06:24 AM
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Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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Quote:
Originally Posted by pompousjohn
I think it's pretty unlikely they will survive the shitstorm that's going on right now, they are showing every sign of a company with serious cash flow issues, reducing personnel, delayed payouts, etc. You can bet any of their clients that have backup processing have switched to that and the ones that don't will spend the first $800 they can scrape together on CCbill or Epoch accounts - none of that is going to improve Zombaio's cash flow, and, as the lowest margin ISPS in the business there is little chance they can survive that, lower volume means higher CB rates across the whole portfolio, even less cash on hand (which already seems to be limited) deteriorating relationships with acquiring banks and higher processing fees.
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