I'm surprised no one's made s stink about this on the board yet. Must be that no one uses iBill any longer.
Per iBill's CMI:
ATTENTION ALL REVSHARER?S
By January 1st iBill will be consolidating your RevShare ID?s into a single payment solution. Which will allow us to offer ACH and/or Wire Transfer payments, giving you the ability to receive your money faster and easier then before.
Additionally, in order to comply with U.S. anti-money laundering laws, we will be requiring additional information to better identify RevSharers to whom we make payments on behalf of our Clients. iBill has no cause to believe that RevShare is being used (or even could be used) as a means of money laundering however U.S. regulations do ask that we have some knowledge about the parties to whom we are sending funds.
Over the next week or two we will be emailing you more information on our consolidation and payout processes in addition to your new entity username and password. You will use this username and password to login to your RevShare entity account and update any information we currently have. Please make sure to update all your RevShare ID(s) to your most current information. In addition to your current information we will be asking you to supply one of the following information in the registration process:
- Social Security Number
- Tax ID
- Passport Number
- License Number
You will also be asked to supply us with your bank/remittance locations information where you cash or deposit your current checks. We will be requesting the Name, Address, City, Country, and Zip.
Um, go fuck yourself. You want to know where I cash my checks? Figure it out from the cancelled ones you get back every 2 weeks.
Quote:
Originally posted by Carrie
Ibill is now *requiring* your RevShare affiliates to hand over the name and address of the banks where they CASH their checks - and can't give a reasonable explanation of WHY they want this private information that is none of their business.
Speaking with Cathy of Ibill on the Pond's board, she couldn't give a reason, but did mention "registering the RevSharers" and "identifying the RevSharers". Makes it seem like they're accumulating this information to hand over to someone else.
If you've got affiliates, you might want to think about using a processor that doesn't *require* private information that is none of their business in order to send out the checks.
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