Thread: iBill down?
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Old 01-20-2005, 04:02 PM  
Webby
Too lazy to set a custom title
 
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
Shoplifter:

Quote:
I think this is going to be the defining moment. Hoping for the best.
Sure is Shoplifter!! :-)

And the update as just been posted and is not what anyone wants to hear. This is not our problem, but that of the owners of Ibill - I don't care what their banking arrangements are - only with the contract signed with em which have been broken.

BTW... Here's the update:

Quote:
Payout Update 01/20/04
EU Payout Update
Our EU funds are still being held securely by our EU Processor. The initial commercial account that was established did not meet the depository standards of our EU bank and processor. We have established another relationship with Credit Suisse and expect to have the account open in the next week. At that time, our European processor will transfer funds for payout to our clients. We will provide an update on Wednesday, January 26th on the status of the scheduled payout.

US Payout Update
At this time we are not in a position to provide a date on outstanding US Payouts. We hope to have an update by next week.
The next stage is clearly to inhibit the currrent management from accessing any funds from First Data or any other banks and having these funds placed into the hands of a third party for distribution among the actual owners of the funds - namely webmasters.
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