Quote:
|
Originally Posted by FightThisPatent
I have been reading all these ibill threads, and i can understand the frustration of EU webmasters since the info you have received could be confusing. Avnonline and xbiz ran stories on the inteca/ibill/EU thing, so let me try to summarize things:
Inteca (which has same principal owners of Toccata) has been approved by the EU bank to hold funds in escrow for dispursements to EU webmasters directly, w/o iBill being able to touch the money (i think the bank was seeing the "taking from peter to pay pay" kind of story and put a stop to that).
As far as Inteca;s credibility goes, Chris Wlliams doesn't have to answer that in any GFY thread. His integrity is obviously good enough for the EU bank to be able to release large amounts of moneys to, in order to make the payouts to webmaster.
As far as having similar physical addresses, it has been said that Chris held a position in EU iBill, so having some space at iBill makes sense. Inteca and Toccata were probably incubating in the physical space as ibill (subletted, etc), so it's not a big mystery.
The iBill situation is a mess, and many people that I know were and are affected by the situation. The Inteca deal is a good thing for EU webmasters, and Inteca had alot of hurdles to overcome to be able to step into the middle of the normal money transaction from Bank to iBill to webmasters, so its understandable that things are slowly coming online (ie. the complaints that some have posted about trying to access inteca).
I hope this helps to summarize things for EU webmasters. I would say to have patience, and wait as Inteca is able to finalize all the many moving pieces in order to help solve the problem of getting EU webmasters paid.
Fight the Confusion!
|
FightThisPatent - Understand what you are saying it that is a nice picture and one I'd prefer to believe given any option.
The problem first arises from Inteca - a totally unknown entity without a physical address or any other "substance" which any normal "org" would have no problems providing data on.
On Chris Williams - I personally don't give a damn who he is or past glories. All that is known at this time is his "organization", Inteca, refuses to issue any information, down to simple levels of contact or even state which laws they operate under. I don't deal with "unknowns" or stories about "approval of EU banks", especially where iBill is concerned.
The fact that Mr Williams held any position at iBill is not to his credit. This was a company stupid enough to rely on one US bank, First Data, and was sold to Molina/Gallanis and others with debts which were clearly non-sustainable, tho, InterCept agreed to take on those debts - with what result?
One my
worth - unless some serious proposals for settlement arise *very* shortly, - I'm interested in iBill being terminated by others and passed to genuinely independent recievers appointed by a court and without any further appointments by iBill of contaminated "third party escrow agents" or "updates" and an inquiry into iBill from prior to the day Intecerpt became involved.