IBILL Cancels Christmas..AGAIN! - Page 4 - GoFuckYourself.com

will76 · 12-28-2005, 06:44 AM

Quote:

Originally Posted by Booger

Wheres is that Andrew@ibill Guy?

i think he has been fired LOL

will76 · 12-28-2005, 06:50 AM

Quote:

Originally Posted by andrewatibill

I am still here. I am too busy to post often, but I still check the board every day or two, and I will post if I have anything important to tell you.
Just an FYI for everyone.
gkard payout for 12/1 has gone out
non-gkard payout for 12/7 has gone out
gkard payout for 12/15 has gone out
no information on the 12/21 non-gkard payout (it's still too early in the morning)

You can check CMI for details on your payout.

So iBill is current on all payouts for current processing.
We are still working on settlement funding for money owed from last year, but anybody processing with us since March 2005 is receiving their money.

You can still contact me at [email protected] if you have questions.

Happy Holidays

Andrew, my attorney should have contacted your legal department by now.

YOU, got a repayment schedule worked out for me and approved on your end. IBILL agreed UNDER WRITTEN Contract to pay me back on certain dates. I have upheld my end of the agreement and those dates have come and gone. I don't care if you are having issues on your end. You signed a legal document that you would pay me on certain dates, you guys are bound to that. Please pass this along to your boss, my attorney is on this and wont stop till we are paid in full.

Let your boss know that account: a115509 is going to cash in for full very soon.

BTW, let them know that I appreciate being treated like shit after being a LOYAL ibill customer for 6+ YEARS! Also a hurricane KAtrina victim. Thanks for nothing. I will make sure all NEW customers of ibill know how you treat old, loyal customers.

will76 · 12-28-2005, 06:52 AM

Also, over the years my ibill accounts have generated well over 500,000. Take your 15% from that you guys have easily made over 75K off of me.

will76 · 12-28-2005, 06:57 AM

Quote:

Originally Posted by Danny939

Sued Ibill for money owed, Ibill entered into a settlement agreement, Ibill paid 5 monthly installments, and now missed the last payment. Our lawyers have made a motion to get the money per the terms of the agreement.

So whoever Andrew at Ibill is, I can definitely say Ibill's not honoring the terms of the settlement agreement they entered into with us.

They sent us a contract with repayment terms, we signed it and sent it back. Done deal. They missed the first two payment dates. Now my attorney gets to have fun with this.

We are not excepting anything short of full repayment at this point. In my contract it states the money is a loan, and I will be charging ibill an interest rate of 3% on the money, Like any other loan when someone misses a couple payments you can call the whole loan due at once.

Time to collect and get rid of this year and half headache.

Booger · 12-28-2005, 06:57 AM

Quote:

Originally Posted by will76

Andrew, my attorney should have contacted your legal department by now.

YOU, got a repayment schedule worked out for me and approved on your end. IBILL agreed UNDER WRITTEN Contract to pay me back on certain dates. I have upheld my end of the agreement and those dates have come and gone. I don't care if you are having issues on your end. You signed a legal document that you would pay me on certain dates, you guys are bound to that. Please pass this along to your boss, my attorney is on this and wont stop till we are paid in full.

Let your boss know that account: a115509 is going to cash in for full very soon.

BTW, let them know that I appreciate being treated like shit after being a LOYAL ibill customer for 6+ YEARS! Also a hurricane KAtrina victim. Thanks for nothing. I will make sure all NEW customers of ibill know how you treat old, loyal customers.

Will , did Andrew offer to pay your note payable contract out in installments instead of the march /06 /07 lump sum payouts? IF so how many payments have they missed? Have you had any contact with IBILL or Andrew since the missed payments? If so what were you told? Thanks

will76 · 12-28-2005, 07:34 AM

Quote:

Originally Posted by andrewatibill

I understand how people have been frustrated by the issues with iBill, but all I can say is 3 things:

1) The problems are the RESULT of the former owners of the company. The current owners have TRIED (not very successfully so far, but still trying) to 'right the ship' and get everyone paid. It will NOT happen overnight, but we are still confident that it will happen eventually.

Personally I don't give a shit if it was you or the previous owners, as I understand it, it is all basically the same people who own the company anyway.

Also, when the NEW owners offered me a contract for repayment, they assumed the old owners debt, LEGALLY. No questions about it, they provided the terms, and have not followed through. This has nothing to do with the old owners. This is their debt now, and they are not making payments on it.

What standard does this set for new customers. The new owners are not paying me on debts they legally agreed to pay me, period.

Quote:

2) I don't make decisions regarding who gets paid and when. I try to pass on information as I get it, but I can't pass on information which I don't have, and I won't make up stuff and blow smoke up anyone's...

you sent me several emails saying my first payment was going out today, it was held up because of the hurricane, i'll have to wait because accounting is gone for the week, my email bounced. For like 2 months you made excuses, and if it wasn't you it was your boss then. Either way someone over there is blowing smoke up my ass and it is getting real hot now.

Quote:

3) If you email me and do not receive a response, email me again. I ALWAYS respond to emails. If you have another Account Manager I will forward the email to that person. If THEY don't respond, get back to me and I will follow up on it. Do NOT expect an answer with any information in it (at this time) because we don't have any answers for you right now, but you WILL get a response. We aren't ignoring anyone, we simply don't have the answer to your questions. I know it might seem ridiculous to ask you all to be (more) patient, but that is the only thing we can do for now. Everyone here will be ecstatic when we can finally inform our clients that all payments have gone out. I just don't know when that will be.

PS: I never sold used cars either

Just shut the fuck up.

John69 · 12-28-2005, 07:39 AM

"bump" for andrew

will76 · 12-28-2005, 07:39 AM

Quote:

Originally Posted by Booger

Will , did Andrew offer to pay your note payable contract out in installments instead of the march /06 /07 lump sum payouts? IF so how many payments have they missed? Have you had any contact with IBILL or Andrew since the missed payments? If so what were you told? Thanks

yeah I was suppose to receive 5K within 15 days of signing the agreement with them, which was signed and received back in the end of Sept. Andrew confirmed they received it. I was also suppose to get a payment for Dec that did not show up either.

My advice is to get the "New" owners to work you out a payment plan that you sign and send back to them. That is legally binding for the "new" owners and your lawyer will have a filed day with it. I know mine is. That will be debt the "new" owners will have follow around with them. Even if they go bankrupt, if there is criminal activities we are going to pearce the corperate vail and go after all of them individualy, and I am sure there has been something illegal going on, that wont be hard to prove.

Tired of fucking with them, letting my attorney deal with it.

note to ibill: account: a115509 my attorney will quit when i get paid.

andrewatibill · 12-28-2005, 07:58 AM

Quote:

Originally Posted by SilentKnight

Another question for Andrew:

Its been widely reported on various media sources that the bulk of the $30 million in webmaster revenues that had been withheld by First Data Corp. after the partnership dissolved back in Sept/'04 - has now been released to iBill.

Yet...it appears as though the bulk of webmasters who were owed money - have not yet been paid.

What is the unknown variable in this equation?

If the funds were supposedly released from First Data - where have they gone?

Some (not all) of the First Data held funds were released DIRECTLY TO THE CLIENTS THEMSELVES. None of that money was released to iBill. Clients who agreed to the terms for the First Data release money were paid several months ago. Some who were not paid are still waiting for that money (from First Data), and those who did not agree have not been paid. iBill did NOT receive any of that money.

andrewatibill · 12-28-2005, 08:03 AM

Quote:

Originally Posted by precise

This is just another bunch of LIES.

We are a CURRENT client conned into signing settlement agreement with Ibill and sending sales until recently.

1. Ibill has NOT been paying ANY gkard reserve money since Oct. 15 to CURRENT clients.

2. Ibill has not made ANY of non-gkard payouts in Dec. to CURRENT clients.

3. You personally have NEVER answered a single email after the settlement agreement was signed.

1. Unfortunately at this time reserves are being held by the merchant bank, not by iBill, and we are pushing to get them released as soon as possible.

2. The 12/7/05 payout (non-gkard) has gone out. The 12/21/05 (non-gkard) payout is delayed. We are hoping it will go out this week.

3. I would email you right now but I can't tell who you are from your GFY name. Send me an email today.

Yoda Says · 12-28-2005, 08:04 AM

Quote:

Originally Posted by andrewatibill

Some (not all) of the First Data held funds were released DIRECTLY TO THE CLIENTS THEMSELVES. None of that money was released to iBill. Clients who agreed to the terms for the First Data release money were paid several months ago. Some who were not paid are still waiting for that money (from First Data), and those who did not agree have not been paid. iBill did NOT receive any of that money.

Lies I sense.

Yoda Says · 12-28-2005, 08:05 AM

Quote:

Originally Posted by andrewatibill

The 12/7/05 payout (non-gkard) has gone out. The 12/21/05 (non-gkard) payout is delayed. We are hoping it will go out this week.

Reason you have for delay of payment?

Booger · 12-28-2005, 08:11 AM

Quote:

Originally Posted by will76

yeah I was suppose to receive 5K within 15 days of signing the agreement with them, which was signed and received back in the end of Sept. Andrew confirmed they received it. I was also suppose to get a payment for Dec that did not show up either.

My advice is to get the "New" owners to work you out a payment plan that you sign and send back to them. That is legally binding for the "new" owners and your lawyer will have a filed day with it. I know mine is. That will be debt the "new" owners will have follow around with them. Even if they go bankrupt, if there is criminal activities we are going to pearce the corperate vail and go after all of them individualy, and I am sure there has been something illegal going on, that wont be hard to prove.

Tired of fucking with them, letting my attorney deal with it.

note to ibill: account: a115509 my attorney will quit when i get paid.

Im guessing they owe you about 30-40k . When & what was said on your last PHONE contact with Andrew? I thinks its a disgrace how he can come here and basically say nothing about nothing and not adrdess people like you who he has first hand knowledge of your situation. You obviously have signed contracts and obviously have been told by him and others in IBILL that the check was going to be issued.So What is there story on your case at this point as of TODAY? ANDREWWWWWW?

will76 · 12-28-2005, 08:17 AM

Quote:

Originally Posted by andrewatibill

Some (not all) of the First Data held funds were released DIRECTLY TO THE CLIENTS THEMSELVES. None of that money was released to iBill. Clients who agreed to the terms for the First Data release money were paid several months ago. Some who were not paid are still waiting for that money (from First Data), and those who did not agree have not been paid. iBill did NOT receive any of that money.

i was never given any option to agree or disagree with first data terms, what the hell are you talking about.

Booger · 12-28-2005, 08:21 AM

andrewatibil : 1. Unfortunately at this time reserves are being held by the merchant bank, not by iBill, and we are pushing to get them released as soon as possible.

Webmasters : WHY?
How come this is only happening to ibill and not other 3rd party payment processors? <we were told the same thing about first data money "we dont have it the bank does" and we still havent seen that!

andrewatibil : 2. The 12/7/05 payout (non-gkard) has gone out. The 12/21/05 (non-gkard) payout is delayed. We are hoping it will go out this week.

Webmasters : Why?
What is the reason it is delayed? Does ibill/symetrexx not have the funds <that have been already collected by them> to make these payments or is it another case of the bank holding the money and not giving it too poor innocent ibill?

Webmasters : Why are the people who opted to have YOU ANDREDATIBILL negotiate a payment schedule and sign new contract to get drip payments not getting paid? Is it because ibill/gkard/symetrexx doesnt have the money or is it because the almighty scrooge bank doesnt want to give poor ibill and there even poorer webmasters there money?

Webmasters : And why would you post in last few days that ibill is current on all payments if you know this is not true wich you finally admitted just today?

will76 · 12-28-2005, 08:23 AM

Quote:

Originally Posted by Booger

Im guessing they owe you about 30-40k . When & what was said on your last PHONE contact with Andrew? I thinks its a disgrace how he can come here and basically say nothing about nothing and not adrdess people like you who he has first hand knowledge of your situation. You obviously have signed contracts and obviously have been told by him and others in IBILL that the check was going to be issued.So What is there story on your case at this point as of TODAY? ANDREWWWWWW?

LOL my last corespondence he told me, " Sorry, we don't have a date when we can pay you". LOL I replied yes you do have a date, you picked it and you are 2 months late. Time for my attorney to talk to you from here on out. and that is the last time we spoke.

See how he can't address my issues here, they have no leg to stand on.

Andrew, account: a115509 tell them to pay me and my attorney will backoff.

Booger · 12-28-2005, 08:28 AM

Quote:

Originally Posted by will76

LOL my last corespondence he told me, " Sorry, we don't have a date when we can pay you". LOL I replied yes you do have a date, you picked it and you are 2 months late. Time for my attorney to talk to you from here on out. and that is the last time we spoke.

See how he can't address my issues here, they have no leg to stand on.

Andrew, account: a115509 tell them to pay me and my attorney will backoff.

That Sucks ASS ! It about 99.9999999999999999999% + .0000000000000000000001 gauranteed that ibill/symetrexx/gcard/first data wont be able to pay on the Original Note Payable Contracts of spring05

If they cant pay 5k 3 months ago how are they going to pay 50mil come march ?

Booger · 12-28-2005, 08:32 AM

Quote:

Originally Posted by andrewatibill

Some (not all) of the First Data held funds were released DIRECTLY TO THE CLIENTS THEMSELVES. None of that money was released to iBill. Clients who agreed to the terms for the First Data release money were paid several months ago. Some who were not paid are still waiting for that money (from First Data), and those who did not agree have not been paid. iBill did NOT receive any of that money.

So Come march 25th whos paying the note payables First Data or symetrexx/gkard/ibill/ibdi?

webmeister · 12-28-2005, 08:32 AM

Andrew is doing his best to get us Webmasters paid what is owed. What we need to do in return is to send new business to Ibill so that they can generate enough revenue to pay us. Rob Peter to pay Paul? Perhaps. Just as long as us "Peters" get paid, who cares? One hand washes the other.

Every time you put down Ibill, you are only hurting yourselves.

See you in Las Vegas everyone!

John69 · 12-28-2005, 08:34 AM

Quote:

Originally Posted by webmeister

Andrew is doing his best to get us Webmasters paid what is owed. What we need to do in return is to send new business to Ibill so that they can generate enough revenue to pay us. Rob Peter to pay Paul? Perhaps. Just as long as us "Peters" get paid, who cares? One hand washes the other.

Every time you put down Ibill, you are only hurting yourselves.

See you in Las Vegas everyone!

Pay First! Post later.

Andrew should not even show his face here till payments are CAUGHT UP!

Webby · 12-28-2005, 08:54 AM

Hey "Andrew"!

You conveniently ignored the questions at the bottom of page 3 in this thread concerning the status of gKard, the officers and shareholders in iBill/IBDI/Penthouse.

OK.. Let's try the simple route.

(a) What is your name?

(b) Who do you think your boss is?

(c) Who really is your boss?

Sheesh.. this is going to get real complex now...

(d) Who are the current officers of iBill?

(e) Do the shareholders of iBill include IBDI, Penthouse or any of their paper-shuffling companies?

(f) Why did the "new owners" of iBill take over a company that not only was defunct, but encased in debt and legal problems? Are you saying in previous posts that the "new owners" are not aware or not responsible for the baggage iBill holds?

(f) What "association" exists between iBill and gKard? Who are the gKard officers/shareholders? For what purpose was gKard formed and by whom?

That's enough questions for the moment - I know how complex this is.

PS.. Why did you make "arrangements" to pay creditors then not pay them???

Yoda Says · 12-28-2005, 08:56 AM

Quote:

Originally Posted by webmeister

Andrew is doing his best to get us Webmasters paid what is owed. What we need to do in return is to send new business to Ibill so that they can generate enough revenue to pay us. Rob Peter to pay Paul? Perhaps. Just as long as us "Peters" get paid, who cares? One hand washes the other.

Every time you put down Ibill, you are only hurting yourselves.

See you in Las Vegas everyone!

On drugs. You are.

Booger · 12-28-2005, 09:28 AM

Quote:

Originally Posted by will76

i think he has been fired LOL

The day Andrew gets fired he will be here splilling all the dirty little secrets he found out during his employment there should be some good reading

Ibill has screwed over far more loyal important long term employees than him.Dont foget as of last year Andreatibill did not exist.He was a un-employed salesmen looking for work who applied for a job at IBILL!

... Unless... he left some other shitty sales job to join the fastest sinking ship in the payment processing industry

ilbb · 12-28-2005, 10:12 AM

I can't believe that there are still people that use them

Screaming · 12-28-2005, 10:13 AM

This thread is non ending lol.

Booger · 12-28-2005, 10:33 AM

Quote:

Originally Posted by Screaming

This thread is non ending lol.

Nor is the Ibill Saga !

imageman · 12-28-2005, 10:38 AM

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?

TheLegacy · 12-28-2005, 11:11 AM

Quote:

Originally Posted by webmeister

Andrew is doing his best to get us Webmasters paid what is owed. What we need to do in return is to send new business to Ibill so that they can generate enough revenue to pay us. Rob Peter to pay Paul? Perhaps. Just as long as us "Peters" get paid, who cares? One hand washes the other.

Every time you put down Ibill, you are only hurting yourselves.

See you in Las Vegas everyone!

hurting ourselves? NEVER not if no one ever uses you again !! and dont you take any responsibility for hurting webmasters? and dont you take any responsibility for not paying bills and monies owed even on recent contracts?

WTF business attitude is that where you rob pay to pay peter?? thats illegal and exactly what MLM and scammers do before being nailed for fraud. You cant take money from one client, then pay another while taking it for yourself - its a downward spiral until eventually the result in that no one can pay anyone.. and guess what.. IBill is in that position now.

The technical term is called The Ponzi scheme

The Ponzi scheme works on the "rob-Peter-to-pay-Paul" principle, as money from new investors is used to pay off earlier investors, and to maintain the lifestyle of the perpetrator, until the whole scheme collapses. Profits are never created because there is no underlying investment.

It is named after Carl Ponzi, the man who, in the 1920s, swindled thousands of New England investors using the method.

YOU ADMIT TO DOING SOMETHING ILLEGAL

JFK · 12-28-2005, 11:44 AM

Quote:

Originally Posted by Webby

Hey "Andrew"!

You conveniently ignored the questions at the bottom of page 3 in this thread concerning the status of gKard, the officers and shareholders in iBill/IBDI/Penthouse.

OK.. Let's try the simple route.

(a) What is your name?

(b) Who do you think your boss is?

(c) Who really is your boss?

Sheesh.. this is going to get real complex now...

(d) Who are the current officers of iBill?

(e) Do the shareholders of iBill include IBDI, Penthouse or any of their paper-shuffling companies?

(f) Why did the "new owners" of iBill take over a company that not only was defunct, but encased in debt and legal problems? Are you saying in previous posts that the "new owners" are not aware or not responsible for the baggage iBill holds?

(f) What "association" exists between iBill and gKard? Who are the gKard officers/shareholders? For what purpose was gKard formed and by whom?

That's enough questions for the moment - I know how complex this is.

PS.. Why did you make "arrangements" to pay creditors then not pay them???

as you said it will get real complex now .............Read this
http://www.gofuckyourself.com/showthread.php?t=557471

precise · 12-28-2005, 01:01 PM

Quote:

Originally Posted by andrewatibill

I will suggest it. I would also suggest it for the former owners (and management) of iBill who are now operating another payment processor. I cannot tell you what company, but there are many people here on GFY who seem to be pretty good at getting information, so I leave it up to them to post who they are and what company they are currently running.

1. Which of the owners/management, old or new stole the March, April and May 2005 gkard reserve moneys that were to be paid on Oct. 15, Nov. 15 and Dec. 15, 2005?

2. Which of the owners/management, old or new stole ALL December non-gkard payouts? (Around Dec. 07 Ibill indeed made the overdue Nov. 22 non-gkard payment, while the ACTUAL Dec. 7 as well as Dec. 22 non-gkard moneys have NOT been paid!)

3. Which of the owners/management, old or new have immense difficulties scraping together every payout every time and then boast on it as a major achievement on CMI?

4. Which of the owners/management, old or new enter into settlement agreements they have no intention to honor from the very beginning? (As of today we are owed 2 settlement payments exceeding 9k)

5. Which of the owners/management, old or new are represented here by Andrew at Ibill who post nothing but lies or irrelevant comments?

What is the difference now?

Booger · 12-28-2005, 03:46 PM

ME thinks Andrew gave up! I guess telluing people who havent been paid they have been paid isnt working to well

imageman · 12-28-2005, 04:27 PM

Hey thats not fare to Andrew after all he is very much like the poor little mushroom in that he is kept in the dark and fed shit all day long !

Quote:

Originally Posted by Booger

ME thinks Andrew gave up! I guess telluing people who havent been paid they have been paid isnt working to well

aiken · 12-28-2005, 04:46 PM

Quote:

They sent us a contract with repayment terms, we signed it and sent it back. Done deal. They missed the first two payment dates. Now my attorney gets to have fun with this.

Well, if they're not honoring court-approved settlements to suits, I can't imaine they're honoring very many basic contracts that didn't involve the legal system. I'm not really sure why anyone is wasting their time talking to them directly. Don't take this the wrong way, but anyone hoping to recover anything from these clowns should have initiated legal action a long, long time ago.

At this point, your best bet is getting the lawyers involved so that you've got documentation to give the receiver when they go into bankruptcy. Might get a few cents on the dollar when they sell the furniture and stuff, but you'll have better luck if you establish yourself as a creditor sooner rather than later.

(Usual disclaimers: I'm not a lawyer, don't have anything other than public info about Ibill, get your own advice, etc, etc)

Cheers
-b

Webby · 12-28-2005, 05:23 PM

Quote:

Originally Posted by imageman

Hey thats not fare to Andrew after all he is very much like the poor little mushroom in that he is kept in the dark and fed shit all day long !

Mushrooms are fungi - like mould, yeast and stuff like that?

DEA - banned for life · 12-29-2005, 06:39 AM

Lets see if the non- gkard goes out this week like andrew says might happen

Cogitator · 12-29-2005, 07:21 AM

The money from First Data was taken by Intercept and an IOU put in it's place just before the sale of iBill.

imageman · 12-29-2005, 08:47 AM

IBALL's is dead long live CCBILL and Epoch

precise · 12-29-2005, 11:24 AM

Quote:

Originally Posted by DEA

Lets see if the non- gkard goes out this week like andrew says might happen

You can rest assured that non-gkard payouts are NOT going to happen either, at least, in any foreseeable future.

Everything Andrewatibill says is a 100% blatant lie.

I wonder what schedule they have for January 2006 payouts now. Do not be surprised when you see ?money held by the merchant bank? notice on CMI in a weeks time.

From yesterday?s letter:

??Unfortunately, we still do not have the exact set date regarding
Dec.07 and Dec. 21 payout.

Unfortunately, we do not have any further information regarding the
reserve payout.

Jan.01 payout will go out as scheduled.?

DEA - banned for life · 12-29-2005, 12:22 PM

Quote:

Originally Posted by precise

You can rest assured that non-gkard payouts are NOT going to happen either, at least, in any foreseeable future.

Everything Andrewatibill says is a 100% blatant lie.

I wonder what schedule they have for January 2006 payouts now. Do not be surprised when you see ?money held by the merchant bank? notice on CMI in a weeks time.

From yesterday?s letter:

??Unfortunately, we still do not have the exact set date regarding
Dec.07 and Dec. 21 payout.

Unfortunately, we do not have any further information regarding the
reserve payout.

Jan.01 payout will go out as scheduled.?

What letter are you talking about?

precise · 12-29-2005, 01:22 PM

Quote:

Originally Posted by DEA

What letter are you talking about?

An email from Ibill Support. i keep emailing them on a daily basis

Webby · 12-29-2005, 01:53 PM

Quote:

Originally Posted by precise

You can rest assured that non-gkard payouts are NOT going to happen either, at least, in any foreseeable future.

This thread title needs to change to "iBill Cancels 2006".

Anyone wanna bet?

John69 · 12-29-2005, 02:36 PM

"bump" for andy

Nilsy42 · 12-29-2005, 02:39 PM

Quote:

Originally Posted by webmeister

Ibill is one of the leading payment processors and I for one am tired of all the negativitiy here. Be happy that you received partial payments.

They are relocating to a smaller office so there will be more money for you in the future. Plus new webmasters are signing up every day when they here the crazy rates they charge at IBill.

Hey Webmasters... I have zero problem in admitting that I am a WebAmateur... but I have both Pure Mathematics and Physics from Oxford and London Univeristy, and a long business career small advertising agencies to huge computer companies as an Art Director.

So sure, programming etc may not be my ace card to play, but understanding logic and biz stuff I know as well as any of you.

You guys are slinging shit like old women.
The Director of the first advertising agency I worked for said it is always better to go after good money, than to spend time and money going after bad money.

Now, it seems fucking clear to me that iBill has been doing business with most of you for some years, without any problem at all.

Now, in order for them to accomodate that kind of initial growth that the Web industry needed inturn for their growth, brings automatically overhead costs in all sorts of directions as they as a company had no choice than to grow.

While things are going good, no problem, and everyones happy.

But times are changing, as you all are VERY well aware of, and are probably the main reason of.
Affiliate programs etc, and off-the-shelf solutions and a zillion other simple to install payment systems, not to mention the SMS payment systems are bound to have profound effects on any and all companies like these!!!

Just as the PC had on every single computer system of the old days!
The company I worked for (Norsk Data AS) had nearly 4 billion kroner JUST sitting in the bank, OUTSIDE of their normal accounts etc, plus a shit load of buildings etc.
They went broke as a result of the PC market!

It "seems" to me, from my clear amateur status, that iBill are in trouble. And have been for some time now.
But it also "seems" that they are in fact trying.

Their seemingly lame answers etc, may not be lame.
They may be genuine, but just seem lame, as they can't deliver.
And there IS a difference between CAN'T and WON'T.

I mean, you have afterall been doing business with them for many years without trouble!
What do you think, that they were just waiting to get big in this business, just to butt-fuck themselves and you lot like this?

I don't think so!

I don't think it's exactly the smart choice for newcomers etc, as they are in trouble.
Seems to me they are trying, but can't get there, and you guys are hurting in the meantime.
Frustration is running high.

As Sting said, there's no such thing as a winnable war.
Personally I think it's a sad situation, that such a big runner seems to be going under, and so many are getting hit in the process.

TheLegacy · 12-29-2005, 02:52 PM

"Ponzi" Schemes

Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. Ponzi thought he could take advantage of differences between U.S. and foreign currencies used to buy and sell international mail coupons. Ponzi told investors that he could provide a 40% return in just 90 days compared with 5% for bank savings accounts. Ponzi was deluged with funds from investors, taking in $1 million during one three-hour period?and this was 1921! Though a few early investors were paid off to make the scheme look legitimate, an investigation found that Ponzi had only purchased about $30 worth of the international mail coupons.

Decades later, the Ponzi scheme continues to work on the "rob-Peter-to-pay-Paul" principle, as money from new investors is used to pay off earlier investors until the whole scheme collapses. For more information, please read pyramid schemes in our Fast Answers databank.

http://www.sec.gov/answers/ponzi.htm

I-Bill is doing the same. Robbing from one account - paying themselves and either not paying owed webmasters or paying less than what is owed. Its a federal offense

will76 · 12-29-2005, 03:29 PM

Quote:

Originally Posted by aiken

Well, if they're not honoring court-approved settlements to suits, I can't imaine they're honoring very many basic contracts that didn't involve the legal system. I'm not really sure why anyone is wasting their time talking to them directly. Don't take this the wrong way, but anyone hoping to recover anything from these clowns should have initiated legal action a long, long time ago.

At this point, your best bet is getting the lawyers involved so that you've got documentation to give the receiver when they go into bankruptcy. Might get a few cents on the dollar when they sell the furniture and stuff, but you'll have better luck if you establish yourself as a creditor sooner rather than later.

(Usual disclaimers: I'm not a lawyer, don't have anything other than public info about Ibill, get your own advice, etc, etc)

Cheers
-b

thats why we will be persuing the owners individually. Ibill the company will have nothing of value left to go after but we all know these guys have deep pockets.

Webby · 12-29-2005, 03:55 PM

Quote:

Originally Posted by Nilsy42

Hey Webmasters... I have zero problem in admitting that I am a WebAmateur... but I have both Pure Mathematics and Physics from Oxford and London Univeristy, and a long business career small advertising agencies to huge computer companies as an Art Director.

Agree with you on not wasting time with folks who can't or won't perform - there is no point.

Companies go bust every day and ya move on - it's the cost of trading.

However, the difference between a "normal company" and iBill is that they have lied and conned over time and that pisses off creditors. Sure, again, it is not unknown for companies in a tight corner to lie in the hope of survival.

The flip side to this is ... hard to describe briefly, but a knowing total screwup by idiots who thought they would like to be "kings" of the adult net, firstly by purchasing Penthouse (ego is a great weakness) and then taking over "where the money is" - namely debt-ridden iBill. They "purchased" iBill for little money and took on it's debts. These debts were never honored.

Where did they think they money was going to come from to clear iBill's problems? The only source of funds, - forgetting the prospect of the new purchasers injecting serious money, - was from ongoing trading and "dealing" with webmasters by various means (depending on what day it was) - such as offering worthless shares in another associate company - IBDI, and making "agreements" with webmasters which were not kept in many instances and in others where the timescale for payment would fall outside the time in which this "test project" would run. Namely, iBill would cease prior to payment time and hence kill of the prospect of "personal funds" being used.

The words "Ponzi scheme" have been used - this is probably fairly accurate.

In addition, several companies were set up to "cover" in the event of the demise of iBill and are still being used as a guise today - an example being gKard (ya gotta excuse the ego showing again - the "g" stand for Galanis). This is a company that "associates" with iBill, but still cannot pay funds to webmasters at the due date.

Nilsy42, it's not just about iBill. It's about experienced con artists at work. One was the largest defrauder in US history at one time. It's about "associations" with others of dubious background. It's about massive amounts of money which have already been defrauded from 1000's of people in other issues, and, as yet, remain unaccounted for.

When banks submit there letters of resignation to a company - there is good solid reason, especially in this instance. We are dealing with crooks and their "associates", - whether formally convicted or not - who play games with companies and are well-experienced in "manipluation".

It's kinda rare to have this scenario, but when it pops it's ugly head, - no matter the cost, - many folks want to stay with it and see justice done.

Michaelious · 12-29-2005, 03:59 PM

nothing like blaming the posties

precise · 12-30-2005, 05:57 AM

Quote:

Originally Posted by Nilsy42

Hey Webmasters... I have zero problem in admitting that I am a WebAmateur... but I have both Pure Mathematics and Physics from Oxford and London Univeristy, and a long business career small advertising agencies to huge computer companies as an Art Director.

Ibill situation is not a situation of a business in distress, but rather of a crime in progress.
Galanis and gang never had any intentions of repaying the debts (which was part of the deal when they got Ibill for peanuts in cash) and saving the company.
They just use the shell of what once was a leading adult processor - Ibill, same as they use Penthouse, to con more naive investors/share holders into a bigger trap. And so on.

Booger · 12-30-2005, 06:41 AM

:costumed-

Quote:

Originally Posted by will76

thats why we will be persuing the owners individually. Ibill the company will have nothing of value left to go after but we all know these guys have deep pockets.

I might have to get in on this ,Even if i dont get my money back atleast i will have a list of names of the people responsible for stealing my money.In todays world were information is as good as Gold im sure i can take back what they took from me in more ways than 1 :costumed-

Booger · 12-30-2005, 06:42 AM

Quote:

Originally Posted by precise

Ibill situation is not a situation of a business in distress, but rather of a crime in progress.
Galanis and gang never had any intentions of repaying the debts (which was part of the deal when they got Ibill for peanuts in cash) and saving the company.
They just use the shell of what once was a leading adult processor - Ibill, same as they use Penthouse, to con more naive investors/share holders into a bigger trap. And so on.

I might have to get in on this ,Even if i dont get my money back atleast i will have a list of names of the people responsible for stealing my money.In todays world were information is as good as Gold im sure i can take back what they took from me in more ways than 1 :costumed-

12-28-2005, 06:52 AM	#153
will76 Making $$$$ w/ ClickCash Industry Role: Join Date: May 2003 Location: USA Posts: 18,037	Also, over the years my ibill accounts have generated well over 500,000. Take your 15% from that you guys have easily made over 75K off of me. __________________ ICQ: 86364801 Email: will [at] innovativeassets [dot] com PROGRAM SHIT LIST - DO NOT PROMOTE (click link for gfy thread) FNCash \| Media Revenue

12-28-2005, 08:21 AM	#165
Booger At least I make a living at this Join Date: Jan 2005 Posts: 621	andrewatibil : 1. Unfortunately at this time reserves are being held by the merchant bank, not by iBill, and we are pushing to get them released as soon as possible. Webmasters : WHY? How come this is only happening to ibill and not other 3rd party payment processors? <we were told the same thing about first data money "we dont have it the bank does" and we still havent seen that! andrewatibil : 2. The 12/7/05 payout (non-gkard) has gone out. The 12/21/05 (non-gkard) payout is delayed. We are hoping it will go out this week. Webmasters : Why? What is the reason it is delayed? Does ibill/symetrexx not have the funds <that have been already collected by them> to make these payments or is it another case of the bank holding the money and not giving it too poor innocent ibill? Webmasters : Why are the people who opted to have YOU ANDREDATIBILL negotiate a payment schedule and sign new contract to get drip payments not getting paid? Is it because ibill/gkard/symetrexx doesnt have the money or is it because the almighty scrooge bank doesnt want to give poor ibill and there even poorer webmasters there money? Webmasters : And why would you post in last few days that ibill is current on all payments if you know this is not true wich you finally admitted just today? Last edited by Booger; 12-28-2005 at 08:23 AM..

12-28-2005, 08:54 AM	#171
Webby Too lazy to set a custom title Join Date: Oct 2002 Location: Far far away - as possible Posts: 14,956	Hey "Andrew"! You conveniently ignored the questions at the bottom of page 3 in this thread concerning the status of gKard, the officers and shareholders in iBill/IBDI/Penthouse. OK.. Let's try the simple route. (a) What is your name? (b) Who do you think your boss is? (c) Who really is your boss? Sheesh.. this is going to get real complex now... (d) Who are the current officers of iBill? (e) Do the shareholders of iBill include IBDI, Penthouse or any of their paper-shuffling companies? (f) Why did the "new owners" of iBill take over a company that not only was defunct, but encased in debt and legal problems? Are you saying in previous posts that the "new owners" are not aware or not responsible for the baggage iBill holds? (f) What "association" exists between iBill and gKard? Who are the gKard officers/shareholders? For what purpose was gKard formed and by whom? That's enough questions for the moment - I know how complex this is. PS.. Why did you make "arrangements" to pay creditors then not pay them??? __________________ XXX TLD's - Another mosquito to swat.

12-28-2005, 10:13 AM	#175
Screaming I can change this!!!!! Join Date: Feb 2004 Posts: 18,972	This thread is non ending lol. __________________

12-29-2005, 07:21 AM	#186
Cogitator Confirmed User Join Date: Feb 2002 Location: Florida Posts: 672	The money from First Data was taken by Intercept and an IOU put in it's place just before the sale of iBill. __________________ - this space intentionally left blank -

12-28-2005, 07:39 AM	#157
John69 Confirmed User Join Date: Sep 2005 Posts: 942	"bump" for andrew

12-28-2005, 08:32 AM	#169
webmeister Registered User Join Date: Oct 2005 Posts: 69	Andrew is doing his best to get us Webmasters paid what is owed. What we need to do in return is to send new business to Ibill so that they can generate enough revenue to pay us. Rob Peter to pay Paul? Perhaps. Just as long as us "Peters" get paid, who cares? One hand washes the other. Every time you put down Ibill, you are only hurting yourselves. See you in Las Vegas everyone!

12-28-2005, 10:12 AM	#174
ilbb Confirmed User Industry Role: Join Date: May 2005 Location: EU - Czech republic Posts: 3,025	I can't believe that there are still people that use them

12-28-2005, 10:38 AM	#177
imageman Confirmed User Join Date: Jun 2003 Posts: 1,938	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?

12-28-2005, 03:46 PM	#181
Booger At least I make a living at this Join Date: Jan 2005 Posts: 621	ME thinks Andrew gave up! I guess telluing people who havent been paid they have been paid isnt working to well

12-29-2005, 06:39 AM	#185
DEA - banned for life V.I.P. Join Date: Nov 2004 Location: InYour Head Posts: 7,886	Lets see if the non- gkard goes out this week like andrew says might happen

12-29-2005, 08:47 AM	#187
imageman Confirmed User Join Date: Jun 2003 Posts: 1,938	IBALL's is dead long live CCBILL and Epoch

12-29-2005, 02:36 PM	#192
John69 Confirmed User Join Date: Sep 2005 Posts: 942	"bump" for andy

12-29-2005, 02:52 PM	#194
TheLegacy SEO Connoisseur Industry Role: Join Date: Apr 2003 Location: Brantford, Ontario Posts: 16,399	"Ponzi" Schemes Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. Ponzi thought he could take advantage of differences between U.S. and foreign currencies used to buy and sell international mail coupons. Ponzi told investors that he could provide a 40% return in just 90 days compared with 5% for bank savings accounts. Ponzi was deluged with funds from investors, taking in $1 million during one three-hour period?and this was 1921! Though a few early investors were paid off to make the scheme look legitimate, an investigation found that Ponzi had only purchased about $30 worth of the international mail coupons. Decades later, the Ponzi scheme continues to work on the "rob-Peter-to-pay-Paul" principle, as money from new investors is used to pay off earlier investors until the whole scheme collapses. For more information, please read pyramid schemes in our Fast Answers databank. http://www.sec.gov/answers/ponzi.htm I-Bill is doing the same. Robbing from one account - paying themselves and either not paying owed webmasters or paying less than what is owed. Its a federal offense __________________ SEO Connoisseur Microsoft Teams: Robert Warren SEO Telegram: @TheLegacy54 RobertWarrenSEO.com

12-29-2005, 03:59 PM	#197
Michaelious Confirmed User Join Date: Jan 2004 Location: Scotland Posts: 6,720	nothing like blaming the posties __________________