Thread: iBill Update
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Old 10-05-2004, 01:17 PM  
Jack76
Registered User
 
Join Date: Dec 2002
Location: Poland
Posts: 43
Quote:
Originally posted by TheLegacy
Their contract is very clear when it comes to reserves. 10% of all sales are held in reserve for 6 months to protect against chargebacks. They do not have the legal right to spend that money held "in reserve", if they do not have it, that is a misappropriation of funds, AKA, embezzlement.
That was funny
Ibill didn't pay me reserves from April 2003 to this day.
About month ago I thought that they forgot about it so I asked them about this amount. But they told me that bank is holding these reserves all the time
Reserves holded for 18 months
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