Quote:
Originally posted by icedemon
When I was talking about my billing company, I was talking about the billing company I own "PayWide Billing". If my billing company "PayWide Billing" didn't get paid for 900 Billing like what happened to iBill, my company would still payout to my customers. My customers have a contract with my company, not the company that my company does the 900 Billing through.
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If my billing company didn't get the 900 payments from the telco, we would probably pay each webmaster
one million dollars for the inconvenience.
Sarcasm aside, its very easy to SAY that your not-yet-live billing company would pay webmasters on those 900 charges (even though you would have been unable to collect). But when it comes right down to it, i don't think any
start up processor with any decent amount of volume in those type of sales would have "made good".
On the other hand... in Ibill's situation I have to agree with Quiet that it was a bad move/decision on their part.
Ibill was #1 for many, many years and has made a
considerable amount of money off the webmasters they processed for.
Even though
Ibill probably had zero liability to pay for the uncollected web900 revenues, it would have probably been a good
marketing decision to do so.
If they consider all the accounts they lost by not settling the web900 balances (that Ibill probably wasn't really liable for) and all the negative publicity they got when smaller billing companies who haven't been around nearly as long
were paying (
who those would be I don't know.. but people made references)
I just think if I ran the Ibill PR machine I would have definitely looked a little closer at the angle of letting everyone know that they don't HAVE to pay on the web900, but because of long standing business relationships and everything else... we're still going to pay you off & take the hit ourselves.
Hell, it would probably
STILL be a good idea.... they could say "New management of the New Ibill has decided to settle old unpaid web900 balances..." with an explaination that they themselves still haven't been paid for them of course.
With all the adult forums out there right now, you probably couldn't buy better exposure (figure cost of running banner ads for 12 months everywhere vs paying web900 and having webmasters telling people how honorable Ibill is etc)
Hey Lightspeed... If you don't mind sharing what was your unpaid web900 balance?
(I intentionally say unpaid, not owed -- I don't really feel Ibill OWES it, but that it would have been smart to PAY it anyway.)