Ibill Cancels Christmas !
 

iBill Update:
The purpose of this communication is to provide an overview of iBill?s current status.

In light of the financial situation due to issues with our previous processor, difficulties have been encountered recently in regards to payouts and promissory notes. We understand the uncertainty these difficulties present to our clients. This was not our intention and we want to inform our clients that we ARE moving forward. iBill has been processing for over nine years and we continue to be committed to the industry. All decisions made are to ensure the long-term viability of iBill and allow for clients to be paid on all monies owed.

We understand that we have made commitments which have been unfortunately delayed. We are currently working to secure capital which will assist in bringing payouts back on schedule. In addition, progress is being made in negotiations with our previous processor for the release of funds. These funds will be directly paid out to our clients.

Please bear with us as we work through these issues. Be assured that we will be back on schedule shortly and these issues will be behind us in the near future. Please continue to check CMI for further updates as they become available. :xmas-smil

WTF :angrysoap

They are also canceling 2005.

Things must be REALLY bad if their update on Dec 23rd, is to remove all posts mentioning the 12/15 payout. :(

I saw that wow! There is no way they will be in Vegas. They are still taking my sales with Gkard, (and doing well) I was told that if I close the account I will not see they over 15k and adding the owe. I truly hope they are not there, 'couse it will get ugly.

*REALLY* bad would be if they stopped communicating. Close doors, phones, and disappeared.

Globill did it.

Nexus XI did it.

We know of many processors who have gone down and taken a lot of our money with it - as fas as I recall, most of them went pretty quickly.

I am by no means excusing debts not being honoured on time and secondary promises being revised on an ongoing basis, but I can't overlook the fact that they are still hobbling along, around, and maybe even forward.

:2 cents:

-Dino

I've been trying to remember how long paycom feel behind.. wasn't it like 3 months?

It seems ibills situation is much worse then paycoms was but maybe they will pull through too. Who knows.

Yes you are correct, it was about three months Paycom fell behind... Hopefully Ibill will pull through too.

B-

I am pulling for them too! We need them to stay around.

fuck fuck

DeadFidel:

Ignoring all small print and bullshit - this is already irrelevant since iBill have broken contracts, - anyone who utters such garbage as "if you close your account you will not see they $15K plus we owe you" need a charge of at least, what is known in the US as felony theft dumped on them - not some corporate bullshit liquidation or Chapter whatever crap.

People are entitled to every penny they are owed, not dependant on some irrelevant policy of a processor.


PS.. Always wondered why they call it "felony theft" - theft has never been anything other than a felony.

I just hope I get something before the 1st

Me too. Though, I am not as optimistic as I would like to be.

Yep... they are acting pretty shady right about now. I'm guessing that I won't see my money either but I'm crossing my fingers. They were my only processor before all this crap went down, so they owe me a LOT of money!!! :mad:

Yeah, hopefully. http://www.godisbrazilian.com/jer/pray.gif

Same here..

And getting my members to switch to ccbill has been hell
I still have 1300 subscribers that don't understand its in their best interest to switch

websitebilling... bad memories

:eek7
Man that sucks for people that use them.

scardog:

On the verge here of some action - it's not the money, it's the obvious lies or "blatant misunderstandings" so far that is the problem and the inability to comply with very simple requests. The costs of an action are irrelevant.

The flip side of the coin is if action is started, the danger is it could screw up possible payouts to others, which is not the intention. The question then is, how long do ya gamble on iBill actually performing and what time is right to start this....

If it was up to me alone, I'd already be on the courthouse steps on December 1st, - I've seen too much of the same old saga and bullshit.

BTW.. iBill clearly are in no position to even respond on this forum - they know it is well-passed that stage and would just involve more problems. That alone says a lot.

Where are you Charles Prast? What happened to the group therapy session you had with webmasters? I can't see one thing you put forward that has actually materialized yet - just more bullshit. It now appears your hand is incapable of holding a pen and signing promissory notes are promised.

:drinkup

Marry Xmas!

Why not provide the promissory note?
 

Ok.. the funds are delayed.. fine.. we are used to that.. but when they start that crap that the promissory note is delayed also... thats fuckin bullshit.

It takes 10 seconds to draw up a promissory note and issue them to webmasters.

By them not doing that.. they make people feel like they are being screwed...

Whats the holdup on a piece of paper?

I can't believe people are still suprised at IBill not paying...

Hmmm yeah, good post !

Emotionally I´d truly like you (or anyone) to go forward with legal actions, but....the sensible mind tells me to ask you not too. As it is, we might loose whatever they owe us - if there´s a legal charge the "might" would almost certainly turn into a "definately"....

I know the hope of seeing payments is probably vague, but its there - and at least they didnt turn out the lights without a fight. I had a few members on globill (secondary billing on a single site) and AFAIK I didnt even get a farewell notice, before a cheque bounced - and I discovered they were gone. Not saying ibill has done all things correctly, but they did give some info along the way about their problems and paid out a little bit.

Other sites are using other billing etc, but still - ever since the visa problems started early this year, it´s been a running loss (specially due to content próduction costs - but of course also hosting, traffic etc)...and then, I know its looser like. Everyone should have 6month of no-income coverage in the bank etc - but hell, it aint always possible - I badly need those 5k or however much it is.

So...I prefer to close the eyes and imagine a perfect world, which includes the mailman dropping by with an ibill cheque that doesnt bounce. I know it might be unrealistic, I know maybe the situation could´ve perhabs been avoided by someone with a better foresight - but it aint....so....

As far as EU clients go they are not that far behind in payouts. That said, I would be truly disappointed if we didn't get our EU payout before Xmas. The money is there and it should go out.

I think it has been a big mistake (and I suppose I might be expected to say this) to have any appearance of EU funds going to USA webmasters. All this has done is to portray both sides as being in peril. If it is not the case that EU funds are being diverted this rumour should be squelched quickly.

The main issue for me in all this is psychological stress more than the money. Having a number of my sites stuck in this limbo is very depressing.

:xmas-smil

PSW was at Internext and still communicating with their webmasters. In the end, they didn't pay most of their affiliates and then closed their doors, too.

Being thats its the end of the year..As far as tax purposes go i dont see anyone getting a check until after dec31. I predict 2 more CMI post :

Tuesday dec 28th: ......yadda....yadda..yadda...delays..delays...com e back on thursday 3oth.

Thursday dec30th: ...yadda...yadda,,yadda were working on it..come back friday 31st

Friday 31st: ...yadda yadda yadda...we expect payments outs in early 2005 check back monday jan 2 2005.


Merry Christmas and Happy Fucking New Year :weihnacht

Shoplifter:

It does appear some EU webmasters have more or less been paid up to date. Others are several months behind and have had nothing but excuses - some going back four and five months.

In other instances, tho I can't verify this at the moment, some EU webmasters claim that only partial payments have been made.

Judging by the numbers of outstanding queries and payments, it does appear EU activities have problems as well. Who knows, but there may be a great temptation to rob Peter to pay Paul when you need to cover overheads.

Basically this is a company at the bullshit stage - all other stuff they have said has not materialized. I suspect there will be major problems shortly unless some benefactor steps in with pots of money.

I wish them well if they are genuinely trying and not just caught up in a vicious circle attempting to keep the operation afloat for another week.

It will be difficult to come back after the delay of payments and BS promisses.

They bullshitted way too much no way will they make it back...

Did anybody else notice that they spelled bare wrong?? bahahaha. They're suppose to be some sort of a financial institution and they make mistakes someone in high school would know better then. thats just horrible!

okay, im an idiot. dont mind this post. :party-smi

2006 - bear with us we are behind but will pay soon.

sean416:

I got a pet hate the the parrot fashion verbal using terms such as "moving forward". A classic bullshit term when speechless and stuck for anything constructive to say.

Hell... my dog takes steps and moves forward, but least she actually does, without the need to do much barking about it.

What is Ibill's incentive to prolong this if in fact they are going out of business, which I hope they are not?

Why not just shut it down, file bankruptcy, and leave with the loot? Why set up Gkard? What would be the point of that? I continue to believe that they believe they can turn it around. Where am I going wrong?

keyboard warrior:

There is a typo in that post... It should read...

2006 - bare with us we are behind but will pay soon.

http://www.feetfantasys.com/ibillbob.jpg

I mean aside from paying everyone, IBill is fucking dead in the water, lets face it people.

scardog:

First - they sure as hell ain't leaving with no loot!! :-) I'll screw every company officer into a jail cell if they do!

When folks have assets, whether these are just a load of worthless paper shares in reality or not, - they will try their hardest to keep some value in that paper and cover their asses up to the 11th hour.

I doubt it, but who knows, that it's just a matter of bankruptcy. There are options using US law to stay afloat on an artificial basis, and probably the rep of the parent company and it's officers etc to consider.

Who knows, but I suspect there will be some form of iBill left at the end of the day - possibly yet another company restructing and change of management :-)

If you had spare cash - would you dream of dumping it into a corp with the rep that iBill has now????

Im with you ,I would rather hope positive than negative. Crying or threatening to sue will not get me paid quicker.

ibill should be placing a higher priority on paying affiliate checks. Those are the guys that will (and can) pull their links at a moment's notice. It's not just the lack of cash which is hurting program owners...

Everyone should get paid.. period..

I don't think affiliates or EU or US should be given varied levels of priority..

The scary thing here is the fact the monies owed to US webmasters from this last payout <dec15th> has nothing to do with The monies owed from First Data.According to IBill ,the payment problems we had from sep-nov were because First Data was holding back the funds due to the contract expiration and First Data re-negging on there agreement to re-new a contract with Ibill.

Now that Ibill has switched banks 2 months ago ,any revenue that was generated after Nov1 is being received by Ibill.It Woud lbe nice to atleast hear there excuse for not sending these funds to webmasters.We are less than a week away from the next US wembaster payout.It would seem that for every pay period that is missed its going to be that much harder for them to payout.On the other hand there accounts payable for each period will decrease due to lack of buissness.

BAAH HUMBUG :Grrrrrr