Who ever the supposed new owners are , they are realizing too late the power of adult webmasters, especially on GFY. Ibill's name is shit in the industry mainly due to its continued history of lies and deception and the constant reminder every time a noobie visits GFY that Ibill should be treated like the plague.
Don't ever make the mistake of feeling sorry for these guys they are first and foremost out to make money and it looks like at whatever cost to us. Any management team worth their salts would have made sure there was adequate funding available to cover the debt they assumed when taking over ( that's if there are new owners and not just a shell corp. owned by Ibill's previous owners ?)
Andrew has no business posting on GFY if he has no first hand knowledge of the company he supposedly works for ( he could be anyone for all we know ) after all he knows nothing about when we are supposed to be paid never returns e-mails and his post skirt around the real issues. Anyone of us could post these replies.
I think payments are delayed because Ibill is using your money to pay its staff, office space and for the Ibill booth in Vegas. After all if there are 60 employees as was stated here, that is a hefty amount of salary going out (that's more than $120,000 going out each month ) ( to cover that at 15% they have to do at least $1.8 million in sales every month and that's just for the salaries of the staff if in fact they have 60 staff on $2000 a month ) Affiliates will not work with the IBill programs due to the fact a huge number lost all there accrued recurring business on Sept. 2004 and at last webmasters are realizing that they can kiss good-bye to any hope of getting their pre Sept. 2004 money. So its obvious they are no longer getting in enough funds to cover costs hence the recent delayed payments ?
If Ibill owes you money you have a few options, legal action which seems to work? Piss and moan at them via e-mail recorded letters and the phone. Continue applying pressure by posting heavily on all webmaster boards. One way or the other i can see the end is near. Ibill will have to source additional funds to continue trying to float this sinking ship or they will go belly up by March when all those notes are due , having stripped as many assets as possible in the mean time?
