Tipsy

There's several reasons why that's a stupid idea. Stop and think about it for a moment.

Oh and...350 people screwed by yet another processor with problems

__________________
Ignorance is never bliss.

keyboard warrior

Well will see if there are any ibill employees left when it is all said and done - you must be one of them!

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- nothing here -

sincity

You would be wrong. I run several businesses and I would pay my employees before I would pay my clients if I was in this position. I would never be in this situation but that is another story.

chupacabra

chupacabra

well, i'll give you the benefit of the doubt then and assume you are just wildly optimistic, and cant resist voicing such in public to make it seem more real... as i said before, i hope everyone, including you, get their owed money. but, once burned..

directfiesta

That explains who you are : an idiot.

It is said so on:

http://www.ibillsucks.info/

__________________
I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....

sincity

I want you to understand this perfectly. You will never get hemorrhoids. You are a perfect asshole.

Methodcash Rick

Here's an interesting question, ( to me atleast )

Say I DO fill out the new and improved IBill ( but Not IBill ) application for the merchant account, and get approved..

They will then run the "warehoused" rebills and such..

Since those charges are being processed on MY merchant account, and they are my customers, and my risk, does that entitle me to:

A.) Get the rebilling data ( i.e. ALL customer info, as I would if I had my own merchant account from the get go ),

and

B.) could I move that merchant account ( since it is MY merchant account, and I am the Guarantor on the account ) to a gateway of my choosing??

If the answer to both those questions or even one for that matter, is NO, then it is not a TRUE merchant account, yet you still would have the risk involved with having your own merchant account...

I'm just curious to an answer from IBill on this matter, since my "Rep" hasn't returned my calls, and hasn't "Been at his desk" as of late...

Just my worth, and I'm sure some will say I'm talking out of my ass.

Zprogramz

Those are good questions and I am curious to see the answer from Ibill. Not that I would use them but I am curious. Why would anyone pay 15% to process through their own merchant account in the first please, just to keep their old rebills going?

AnalProbe

Ahahah no.

iBill is going nowhere. to even speculate that is foolish. And when your prediction is wrong in 6 months I will be the first one to point it out.

Been hearing that processor going titts up shit for 8 years now.

And as for my post, I misread the notice, and after I posted I noticed my rebill info slowly being re-integrated into my stats.

I love newbs who predict the downfall of a multimillion dollar company over reporting problems. Funny shit.

Maybe I will make it up for your Hooters night and you can slag me to my face. See what kind of an ass whomping an ex Canadian cop can try and dish out.

DeadFidel

For those sitting back, with a glass half full attitude, you might want to check to see if your rep is still employed with ibill, other wise your mail; both hard and electronic may be sitting in someones box unread. Just Found out that Linda is no longer a part of their team.
Mine, Michelle, "auto responded" that she will not be in the office today.

I hope this drama comes to an end soon.

Methodcash Rick

Yeah, I have a sneaking suspicion, that mine is no longer there, after 3 almost 4 years of dealing with just him...

Oh well

eisbaer

my account representative is still there. Just got an email. EU Payouts should be made this week but its still a we try to pay this week not a we will pay this week....

Wait and and see....

TheLegacy

how many sites do you have?
how much are you in the hole with IBill?

I am sure you can understand everyones questioning your validity since you are sitting at 60+ posts (*most of which are in this thread) - and standing so strong with IBill that it gives more than a reasonable doubt that you are more than just a good client of theirs who trusts what IBill says.

I hope your right - many of my friends who are owed thousands will be greatly affected and are already signing up with CCBill. What shocks me is that you promote yourself as a smart business man with incredible hope and belief that you will get paid by IBill - any good business man / owner in this industry will have a secondary processor as a backup or at least plan on "what if" after what happened to PSW and a few others.

are you putting all your eggs in one basket or have you considered maybe the idea of "what happens if IBill doesnt?" - as much faith and trust as you may place in them, are you prepared to loose your business over that trust?? and do you honest feel that someone who's lively hood depends on getting paid should be as bold as you and not cover their ass by signing up with CCBill?

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Morphious

Just spoke to my rep at Ibill.

From what they say there "May " be a $1,500 set up fee ( they said they may cover half of this as we have already paid for visa .. ) for the Merchant Account, You will not have Terminal access, You will be the guarantor! so Yes you can be TMF for this account causing any other account you hold to be TMF as well!

Good news, you MAY be able to get your user database from them ( if you are lucky ) and move that to another ISPS.

As per him, money has started to come into the account from First Data an they will start to distribute that as soon as today ( did not say how much or who to )

sincity

I do not care if you question my validity. I never put all of my eggs in one basket. I never wrote that I am fully committed to IBILL. I wrote that I truly believe that everyone will get paid. I do not think they are lookinging to fuck anyone.

I noticed that you keep pushing CCBILL. Why is that? The same thing could happen tho them that happended to IBILL.

sincity

As per him, money has started to come into the account from First Data an they will start to distribute that as soon as today ( did not say how much or who to ) [/B][/QUOTE]

That is very good news. I guess they are not looking to fuck anyone.

imageman

I do hope this is a fucking joke, what another $1500 so Ibill can piss it away. No fucking way.




.

Daymare

Not if that $1500 lets you unlock your database of X number of rebills.

even if you've got $2000 in a rebills, then it's worth it.

TheLegacy

That is very good news. I guess they are not looking to fuck anyone. [/B][/QUOTE]

http://www.gofuckyourself.com/showth...adid=367157&s=

Think again

It's going to cost $1500 to process VISA again through your merchant account. Use Epoch and CCBill

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Methodcash Rick

Yes it's YOUR merchant account, and it's your risk, yet it's NOT your merchant account per se...

Yes, you assume the risk, you are the personal guarantor.

According to my rep this morning, you can NOT move the "Merchant account from them to another gateway ( i.e. Netbilling ) you will NOT have access to customer information ( i.e. CC info and other info ) which you WOULD have access too, with a REAL merchant account...

So in essence, you have ALL the risk of a real merchant account, but no benefits of a real merchant account..

The IBill fees are NOT going to change, so you'r estill going to be paying the 15% or whatever high rate you pay, there will STILL be a reserve.

So please tell me where the benefit is... ANYONE who even has basic risk management skills, can see, this is a risky proposition, at best...

Tipsy

But of course iBill are a million dollar company, will always keep their word and would never screw anybody

__________________
Ignorance is never bliss.

TheLegacy

thank you for posting this - wish someone from IBill would calm some fears happening here instead of getting others to post for them...

__________________

TheLegacy

If you feel that IBill has crossed the line legally now and want to take action... then read on

Aside form the aforementioned problems they are having, they have not released the September 30th reserve payouts, which is money they are supposed to have been holding for their clients from February '04.

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.

If you want to send a clear message to the dolts at I-bill then the person to contact is:

Marcos Daniel Jiménez
United States Attorney for the
Southern District of Florida


99 N.E. 4th Street
Miami, FL 33132
(305) 961-9001

Give them a call this week and tell them that you have cause to believe that Internet Billing Co. of Ft. Lauderdale has misappropriated funds supposedly being held in reserve for their clients.

__________________

icedemon

You hit the nail on the head. Pounded it so hard it came out the other end. iBill is pretty much done for unless they can come up with a really good explaination (I never trust their explanations anyway).

What happened to the $750 to be able to process Visa earlier this year? Isn't that a breach of contract, cause it hasn't been a full year yet since that $750 was paid out to take Visa?

directfiesta

Alt least, I am " PERFECT "... lol

Everyday is a new story, either for the amount due or for the model of processing....

They owe me $$$ for my sites and $$$ for the Visa fee I already paid.
Even an idiot like you can understand that, unless you are not a " PERFECT " idiot...

Why the hell would I get a " half-breed " merchant account with them ???

Meanwhile, were are official updates from them ????


http://www.ibillsucks.info

__________________
I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....

Methodcash Rick

Very interesting point..

I'll have to dig up my IBill contract and look at it again...

Jack76

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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SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

onceapilgrim

Still no update from them.

What a fucking surprise.

keyboard warrior

iBill News
Last Updated: Tuesday 5 October 2004 at 11:20 AM U.S. Eastern Time

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- nothing here -

onceapilgrim

They promised another update at 4pm est giving more info on payments.

Still nothing.

keyboard warrior

Another update message will be posted on Tuesday, October 5, 2004 at 4:00 p.m. EST.

still waiting

__________________
- nothing here -

FaberX

This just posted at CMI:

Payout Summary October 5, 2004

We have continued to receive and field the numerous calls from you regarding our situation with First Data, the move to our new processor, as well as delayed payments. Below is an update on each of the following:

First Data
iBill ceased processing with First Data on Wednesday, September 22. First Data holds approximately $11M in reserves on iBill and $4M in settlements. Of the $11M in reserve, approximately half of it is your reserves. We are continuing our efforts to negotiate with First Data to develop a formal release schedule of your reserves as well as the overall iBill funds that are being held. We have offered First Data the option of paying our merchants directly if it helps expedite the process.

iBill US Direct
Merchant agreements are available through your account manager for our new iBill Direct account. With 100% backing by iBill, you now have the ability to establish a direct relationship with an acquiring bank. Under the iBill Direct business model, you will benefit from the following:

* Daily settlement of Visa and MasterCard paid directly from the merchant bank

* Elimination of the MasterCard portal

* Immediate Visa activation for new and existing clients on all URLs

* Instant approval on your adult merchant account because you are sponsored by iBill

* Initial six month reserve hold, reviewed quarterly for potential adjustment upward or downward (no more rolling reserve)

* Your account is backed by an iBill cross corporate guarantee


For current clients, setup is simple-there is nothing to change on your end. Please contact [email protected] for more information.

Delayed Payouts
The current situation with First Data has forced iBill to seek funds from additional resources. We have received initial funding today and will resume payout for past due amounts. We plan to complete the 9/21 EU Payout and the 9/22 RevShare payout on Wednesday, October 6th. We will continue to remit payments of past due amounts as funding becomes available. We have a target date of Oct. 31 to be completely caught up and back on schedule with our normal payout cycle.

FaberX

Let's see if they follow thru and pay EU ppl tomorrow, still, I'm not signing up for a merchant account with them...

quiet

well, that's sort of good news. they currently owe me 3 wires, looks like i might get one of them tomorrow

keyboard warrior

target date of Oct. 31 to be completely caught up and back on schedule with our normal payout cycle.

Think i will die before then.

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- nothing here -

Shoplifter

What about the $1500, was that all just BS? I wouldn't doubt it for a second if that was disinformation.

Dawgy

hmmmm.

nice that they finally made some specific date commitments, sortof. lol

__________________
the revolution is coming.

directfiesta

Not sure... Your wires are too BIG !!!!

just kidding

__________________
I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....

scardog

I don't believe it was disinformation. I believe it was on the table as an option for a source of funding to get them on track. Perhaps it was taken off the table for now.

MickeyG

the $1500 is a application fee for the ibill direct program (your own merchant account) nothing has changed about that. If you want to process immediately with visa you must signup for this.

ibill complete (third party billing) status is still unknown. Maybe a couple of weeks, who knows?

tony286

I filled out the forms and contract , no where was there please include a check for $1500 dollars

MickeyG

the rep i spoke with today said so far he's been told the fee is $1500, i asked what about them eating some of the cost since we already paid visa this year and he said they would be discussing it in a meeting later today.

I truely hope there is no fee. I wouldnt be so mad if we got a free merchant account out of this deal.

Also The monies they are using to pay us isn't from first data but from new credit lines they just opened. If payouts go out tommorow to both EU and revshare clients I will feel a small bit of relief.

METROINC

__________________
DUH

quiet

and if you process via eu, there shouldn't be any issues at all. they've been paid out for all of that money. but i'm guessing ibill is out of cash (in general), so can not make the eu payments. would be nice to see one tomorrow, but really they still are behind for 2 more wire payments assuming they do send out one tomorrow.

Shap

Let me know if you get paid out tomorrow quiet.

The Other Steve

There is a post from iBill somewhere in one of the threads where they admit that there is no difference between iBill and iBill EU - what affects one affects both of them.

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Left intentionally blank ... just like my brain

quiet

most definitely Shap

quiet

that's interesting. i will have to try to find it...

oldnewbie

Ok, fine... I'll post #349.

Now, do I hear tree fiddy?