Quote:
Originally posted by Gator
I'm pissed, but it's not iBill's fault.
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Sure it is. Yes, Worldcom tanked. So they can't pay iBill. However, while it would be expensive, iBill did have the *option* choose to to eat the loss themselves. They decided not to pay Webmasters for those sales. Sure they didn't get the money, but a webmaster's contract isn't with WorldCom.
After all, it is their responsibility to pay webmasters for *sales*, not for what iBill actually get's paid. Unless they get chapter-11 status too, they are still responsible for their own debts. Only WorldCom gets off the hook from their Ch11 status.
For all I know this sort of thing is in iBill's contracts already. So I am sure what they did was legal... However, they did not *have* to do it they way they did. It isn't like 900 is a huge portion of sales. Can we say "one-time expenditure" and "tax write-off"?