Bankrupcy in the US ... Is CCBill safe ???

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  • CHMOD
    Confirmed User
    • Jun 2003
    • 1697
    #1

    Bankrupcy in the US ... Is CCBill safe ???

    With all the bankrupcy problem in the states ( Thanks M.Bush !)

    Is our money safe with CCBill ?

    Has CcBill taken security steps in order to protect themselves?
    I'd like to know what has been done in order to protect our business...
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    • XPays
      Team Player
      • May 2004
      • 13002
      #2
      ccbill will bail out the fed
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        • GetSCORECash
          Confirmed User
          • Mar 2008
          • 5527
          #3
          Originally posted by XPays
          ccbill will bail out the fed
          And GFY will bail out Playboy!
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            Comment

            • Eriic
              So Fucking Banned
              • Jan 2008
              • 2995
              #4
              Originally posted by CHMOD
              With all the bankrupcy problem in the states ( Thanks M.Bush !)

              Is our money safe with CCBill ?

              Has CcBill taken security steps in order to protect themselves?
              I'd like to know what has been done in order to protect our business...
              Is CCBILL fdci insured? If not you best take your money and run

                Comment

                • MBS Auto
                  Confirmed User
                  • Oct 2004
                  • 1725
                  #5
                  If we go down here in the US, all the world banks and economy's will suffer
                  Shoes and Boot

                    Comment

                    • Easton
                      Too lazy to set a custom title
                      • Sep 2002
                      • 9825
                      #6
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                        Comment

                        • notoldschool
                          Confirmed User
                          • Aug 2007
                          • 5687
                          #7
                          just when I was having a good evening.
                          No doubt one may quote history to support any cause, as the devil quotes scripture.
                          -- Learned Hand

                          http://www.bjpenn.com

                            Comment

                            • CHMOD
                              Confirmed User
                              • Jun 2003
                              • 1697
                              #8
                              I need to have a public CCBill answer on this question...
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                                • webair
                                  Confirmed User
                                  • Feb 2002
                                  • 8531
                                  #9
                                  Ron can bail out the US with his watch!


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                                    Comment

                                    • webmasterchecks
                                      Confirmed User
                                      • Oct 2006
                                      • 1685
                                      #10
                                      Originally posted by CHMOD
                                      I need to have a public CCBill answer on this question...
                                      what do you expect them to do? come on here and post that they are safe and you'll be happy?

                                      you know they are considered one of the "safest" and a company like that has their ducks in a row, you know of someplace safer to send your traffic?

                                      id be surprised if they even post a response to this. if they had not established enough trust and goodwill by now to make you guys comfortable, i dont know who else has
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                                        Comment

                                        • notime
                                          Confirmed User
                                          • Jun 2003
                                          • 8027
                                          #11
                                          ccbill don't have politicians or bankers on board

                                            Comment

                                            • CHMOD
                                              Confirmed User
                                              • Jun 2003
                                              • 1697
                                              #12
                                              Originally posted by webmasterchecks
                                              what do you expect them to do? come on here and post that they are safe and you'll be happy?

                                              you know they are considered one of the "safest" and a company like that has their ducks in a row, you know of someplace safer to send your traffic?

                                              id be surprised if they even post a response to this. if they had not established enough trust and goodwill by now to make you guys comfortable, i dont know who else has

                                              I want them to say what precaution they took.
                                              I will then judge myself if I am happy or not and act consequently.

                                              Do you have anything constructive to say ? I don't see how your post
                                              can be any helpfull here.
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                                                Comment

                                                • uno
                                                  RIP Dodger. BEST.CAT.EVER
                                                  • Dec 2002
                                                  • 18450
                                                  #13
                                                  Originally posted by webair
                                                  Ron can bail out the US with his watch!


                                                  I was thinking the same thing.
                                                  -uno
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                                                    Comment

                                                    • Brad Gosse
                                                      Confirmed User
                                                      • Jan 2002
                                                      • 2616
                                                      #14
                                                      I would not be too worried about CCBILL. I don't think they have any subprime mortgage holdings ;)
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                                                        Comment

                                                        • Fap
                                                          Just Du It
                                                          • Feb 2004
                                                          • 12094
                                                          #15
                                                          is this a serious question?

                                                            Comment

                                                            • CHMOD
                                                              Confirmed User
                                                              • Jun 2003
                                                              • 1697
                                                              #16
                                                              Originally posted by banthis
                                                              is this a serious question?
                                                              Another brillant brain here...
                                                              What will you do if the bank they do business with goes bankrupcy ?
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                                                                Comment

                                                                • WarChild
                                                                  Let slip the dogs of war.
                                                                  • Jan 2003
                                                                  • 17263
                                                                  #17
                                                                  Lol CHMOD you're too much. Seriously, you're killing me here.
                                                                  .

                                                                    Comment

                                                                    • count of monte cristo
                                                                      Confirmed User
                                                                      • Sep 2004
                                                                      • 473
                                                                      #18
                                                                      Originally posted by CHMOD
                                                                      Another brillant brain here...
                                                                      What will you do if the bank they do business with goes bankrupcy ?
                                                                      hey genius, who are you going to switch your traffic to thats safer than ccbill?
                                                                      premier payment sending company

                                                                        Comment

                                                                        • CHMOD
                                                                          Confirmed User
                                                                          • Jun 2003
                                                                          • 1697
                                                                          #19
                                                                          Wow !


                                                                          I am VERy impressed !!

                                                                          I read a lot of replies from very, very clever people :

                                                                          warchild, count of monte cristo, banthis, webmastercheck

                                                                          Who were very quick to point out how stupid I am.

                                                                          I am indeed very stupid because I still don't understand how CCBill could survive
                                                                          if their main bank goes bankrupcy.

                                                                          I now know that I am very stupid, thanks to you guys... But hey... care to
                                                                          explain how is CCBill safe ? I still didn't read any argument supporting your brilliant opinions.

                                                                          I remember lots of VERY brilliant people, just like you guys, stating the same about
                                                                          GloBill, Ibill and DMR.

                                                                          Remember this ? Or maybe have I been in the industry for a bit longer than you ?
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                                                                            Comment

                                                                            • 2MuchMark
                                                                              Mark of 2Much.net
                                                                              • Aug 2004
                                                                              • 50931
                                                                              #20
                                                                              CCBill (or any billing company) should be the thing you're worrying about the LEAST today...

                                                                              Here's a fun movie to rent today: "Rollover" (http://www.imdb.com/title/tt0083006/). "An Arab oil organization devises a plan to wreck the world economy in order to cause anarchy and chaos.".



                                                                              m

                                                                                Comment

                                                                                • count of monte cristo
                                                                                  Confirmed User
                                                                                  • Sep 2004
                                                                                  • 473
                                                                                  #21
                                                                                  Originally posted by CHMOD
                                                                                  Wow !


                                                                                  I am VERy impressed !!

                                                                                  I read a lot of replies from very, very clever people :

                                                                                  warchild, count of monte cristo, banthis, webmastercheck

                                                                                  Who were very quick to point out how stupid I am.

                                                                                  I am indeed very stupid because I still don't understand how CCBill could survive
                                                                                  if their main bank goes bankrupcy.

                                                                                  I now know that I am very stupid, thanks to you guys... But hey... care to
                                                                                  explain how is CCBill safe ? I still didn't read any argument supporting your brilliant opinions.

                                                                                  I remember lots of VERY brilliant people, just like you guys, stating the same about
                                                                                  GloBill, Ibill and DMR.

                                                                                  Remember this ? Or maybe have I been in the industry for a bit longer than you ?
                                                                                  look at the check, bank of america, very safe bank, that may be one of the reasons you are not being taken seriously
                                                                                  premier payment sending company

                                                                                    Comment

                                                                                    • Bro Media - BANNED FOR LIFE
                                                                                      MOBILE PORN: IMOBILEPORN
                                                                                      • Jan 2004
                                                                                      • 16502
                                                                                      #22
                                                                                      I'm gonna laugh when all the people in this thread shit bricks when they go broke, so CHMOD can laugh at them and call them stupid when they ask legitimate questions.

                                                                                        Comment

                                                                                        • MakingItPay
                                                                                          Confirmed User
                                                                                          • Feb 2005
                                                                                          • 1922
                                                                                          #23
                                                                                          When unprecedented bank failures are going on, he is certainly not stupid for being concerned about banking relationships of people he does business with.
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                                                                                            • Karupted Charles
                                                                                              Confirmed User
                                                                                              • Jul 2001
                                                                                              • 1662
                                                                                              #24
                                                                                              As far as I have read nobody has lost a merchant account over this. All the banks have had there accounts grabbed by somebody so I don't see how this affects processors. Hell even Humbolt is still processing.
                                                                                              TPF 2010 "They are eating our sausages!"

                                                                                                Comment

                                                                                                • TheSenator
                                                                                                  Too lazy to set a custom title
                                                                                                  • Feb 2003
                                                                                                  • 13330
                                                                                                  #25
                                                                                                  I don't know CCBill financial situation but I do know they always pay on time.

                                                                                                  The way the have operated has always been professional. I would hope that they would have strategic partners as a security measure if something fails or insurance.

                                                                                                  I don't think CCBill would ever post in this thread about there financial shit.
                                                                                                  ISeekGirls.com since 2005

                                                                                                    Comment

                                                                                                    • RayBonga
                                                                                                      too cool for highschool
                                                                                                      • Nov 2005
                                                                                                      • 12164
                                                                                                      #26
                                                                                                      No use in guessing. Real question is, can you get something else that's safer?

                                                                                                        Comment

                                                                                                        • TheDoc
                                                                                                          Too lazy to set a custom title
                                                                                                          • Jul 2001
                                                                                                          • 13827
                                                                                                          #27
                                                                                                          Originally posted by CHMOD
                                                                                                          Wow !


                                                                                                          I am VERy impressed !!

                                                                                                          I read a lot of replies from very, very clever people :

                                                                                                          warchild, count of monte cristo, banthis, webmastercheck

                                                                                                          Who were very quick to point out how stupid I am.

                                                                                                          I am indeed very stupid because I still don't understand how CCBill could survive
                                                                                                          if their main bank goes bankrupcy.

                                                                                                          I now know that I am very stupid, thanks to you guys... But hey... care to
                                                                                                          explain how is CCBill safe ? I still didn't read any argument supporting your brilliant opinions.

                                                                                                          I remember lots of VERY brilliant people, just like you guys, stating the same about
                                                                                                          GloBill, Ibill and DMR.

                                                                                                          Remember this ? Or maybe have I been in the industry for a bit longer than you ?


                                                                                                          They pointed out how stupid the question was because it was a stupid question.


                                                                                                          If you want to know how safe the money is, call up BoA and get the same BS answers the other banks give every day, even on the day they go out of business.

                                                                                                          Like anyone is going to say, you know - it's really bad right now, money is tight, shit sucks, we are about to go belly up, Being so, you should. Do nothing, if they really went out of business, you wouldn't get a dime. You can't move your members, you don't own them, the money isn't yours, and CCBill isn't a bank with insurance just for your account.

                                                                                                          So belly up, real eco issues, visa pulls = all of us getting screwed.

                                                                                                          That's why it's a stupid question.
                                                                                                          ~TheDoc - ICQ7765825
                                                                                                          It's all disambiguation

                                                                                                            Comment

                                                                                                            • Klen
                                                                                                              • Aug 2006
                                                                                                              • 32234
                                                                                                              #28
                                                                                                              If boa is safe then ccbill is also safe.

                                                                                                                Comment

                                                                                                                • MakingItPay
                                                                                                                  Confirmed User
                                                                                                                  • Feb 2005
                                                                                                                  • 1922
                                                                                                                  #29
                                                                                                                  Originally posted by Karupted Charles
                                                                                                                  As far as I have read nobody has lost a merchant account over this. All the banks have had there accounts grabbed by somebody so I don't see how this affects processors. Hell even Humbolt is still processing.
                                                                                                                  Great point Charles.
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                                                                                                                    Comment

                                                                                                                    • CHMOD
                                                                                                                      Confirmed User
                                                                                                                      • Jun 2003
                                                                                                                      • 1697
                                                                                                                      #30
                                                                                                                      Originally posted by TheDoc
                                                                                                                      They pointed out how stupid the question was because it was a stupid question.


                                                                                                                      If you want to know how safe the money is, call up BoA and get the same BS answers the other banks give every day, even on the day they go out of business.

                                                                                                                      Like anyone is going to say, you know - it's really bad right now, money is tight, shit sucks, we are about to go belly up, Being so, you should. Do nothing, if they really went out of business, you wouldn't get a dime. You can't move your members, you don't own them, the money isn't yours, and CCBill isn't a bank with insurance just for your account.

                                                                                                                      So belly up, real eco issues, visa pulls = all of us getting screwed.

                                                                                                                      That's why it's a stupid question.
                                                                                                                      I am always amazed how GFYers are quick to bash. Without much analysis tough...

                                                                                                                      When I got to know that GloBill didn't take any serious precaution in order to comply with Visa new regulations, I switched to another processor... Guess what ?

                                                                                                                      I lost very few money when they shut down.

                                                                                                                      If CCBill don't take the precaution that satisfies me, I will use another processor.

                                                                                                                      I can't imagine it didn't cross anyones mind here that switching to another processor is possible ?

                                                                                                                      In fact, if CCBill doesn't answer at all, I will switch to a german processor.

                                                                                                                      But you are all (well most...cause it seems like some thinks like me) right. :

                                                                                                                      I am just an idiot.
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                                                                                                                        • webmasterchecks
                                                                                                                          Confirmed User
                                                                                                                          • Oct 2006
                                                                                                                          • 1685
                                                                                                                          #31
                                                                                                                          Originally posted by CHMOD
                                                                                                                          I want them to say what precaution they took.
                                                                                                                          I will then judge myself if I am happy or not and act consequently.

                                                                                                                          Do you have anything constructive to say ? I don't see how your post
                                                                                                                          can be any helpfull here.
                                                                                                                          sorry, i did not mean to come off that way. you see, i see ccbill as a quasi-government, if there is something wrong, there is not much you can do anyway, they control the purse strings of the money flow. ccbill has problems, hosting bills wont get paid, traffic bills won get paid, advertising shuts down, etc

                                                                                                                          and in this business, if people panic and pull their traffic, it *will* cause a company to fail.

                                                                                                                          but yea, i dont think your going to get anything of value from your post, like chris said, with all due respect
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                                                                                                                            Comment

                                                                                                                            • Useless Warrior
                                                                                                                              Confirmed User
                                                                                                                              • Apr 2004
                                                                                                                              • 978
                                                                                                                              #32
                                                                                                                              Originally posted by CHMOD
                                                                                                                              I am just an idiot.
                                                                                                                              Yes, we agree.
                                                                                                                              OWAMW

                                                                                                                                Comment

                                                                                                                                • Snake Doctor
                                                                                                                                  I'm Lenny2 Bitch
                                                                                                                                  • Mar 2001
                                                                                                                                  • 13449
                                                                                                                                  #33
                                                                                                                                  No depositors have lost any money due to banks filing bankruptcy or being bought by other companies.

                                                                                                                                  Your money is as safe with ccbill as it would be if you were holding all of the cold hard cash in your hands.

                                                                                                                                  If the entire U.S. banking system goes under, then the paper money will be worthless too.
                                                                                                                                  sig too big

                                                                                                                                    Comment

                                                                                                                                    • CHMOD
                                                                                                                                      Confirmed User
                                                                                                                                      • Jun 2003
                                                                                                                                      • 1697
                                                                                                                                      #34
                                                                                                                                      Originally posted by Snake Doctor
                                                                                                                                      No depositors have lost any money due to banks filing bankruptcy or being bought by other companies.

                                                                                                                                      Your money is as safe with ccbill as it would be if you were holding all of the cold hard cash in your hands.

                                                                                                                                      If the entire U.S. banking system goes under, then the paper money will be worthless too.

                                                                                                                                      Makes sense. I just talked to an economist friend regarding this and he told me
                                                                                                                                      that even chinese bankers could be interrested in buying US banks.
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                                                                                                                                        • matty
                                                                                                                                          Mining for Porn!
                                                                                                                                          • Aug 2002
                                                                                                                                          • 1328
                                                                                                                                          #35
                                                                                                                                          Being an American and personally worried about my nest egg. I believe that your money is probably safe with ccbill; i would be most concerned with the dollar. If your sponsor offers the euro as a payout method, then why not go this route. This way the value of your dollar wont decrease as you wait for your check
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                                                                                                                                            • kahell
                                                                                                                                              Confirmed User
                                                                                                                                              • Aug 2005
                                                                                                                                              • 292
                                                                                                                                              #36
                                                                                                                                              ccbill is solid as a rock

                                                                                                                                                Comment

                                                                                                                                                • matty
                                                                                                                                                  Mining for Porn!
                                                                                                                                                  • Aug 2002
                                                                                                                                                  • 1328
                                                                                                                                                  #37
                                                                                                                                                  thats what im thinking... In fact i doubt that you should worry about any US company in this case... No company in its right mind would every drive off-course in the name of self-interest at this point. Its like admitting you're a witch in the late middle ages.
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                                                                                                                                                    • BV
                                                                                                                                                      wtf
                                                                                                                                                      • Sep 2001
                                                                                                                                                      • 10914
                                                                                                                                                      #38
                                                                                                                                                      CCBill has no control, it's the consumers credit cards that they bill. If their cards go bad then CCBill can not bill them.

                                                                                                                                                        Comment

                                                                                                                                                        • matty
                                                                                                                                                          Mining for Porn!
                                                                                                                                                          • Aug 2002
                                                                                                                                                          • 1328
                                                                                                                                                          #39
                                                                                                                                                          but um. if they bill it, wouldn't it be billed already? fyi, companies like ccbill have some juice man.
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                                                                                                                                                            • Tickler
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Jul 2005
                                                                                                                                                              • 650
                                                                                                                                                              #40
                                                                                                                                                              They are a processor, not a bank.

                                                                                                                                                              They get money from peoples credit cards(the "cc" in ccBill) and give you & the paysite some %s, and keep some % for themselves.
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                                                                                                                                                                • Socks
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • May 2002
                                                                                                                                                                  • 8475
                                                                                                                                                                  #41
                                                                                                                                                                  Well, what does CCBill do with the money while it's being held to be paid?

                                                                                                                                                                  Do they invest any part of these excesses assuming they'll never have to use it all at once? They do have to hold money for periods of time.

                                                                                                                                                                  I guess the question is how aggressive they are at trying to make extra money while the money sits and waits.

                                                                                                                                                                  Good luck on getting an answer on that one lol. ;)

                                                                                                                                                                  However, there's no better solution, so just live with the fact that in life there are risks, direct and indirect, foretold and unforseen.
                                                                                                                                                                  Last edited by Socks; 09-29-2008, 11:04 PM.

                                                                                                                                                                    Comment

                                                                                                                                                                    • BV
                                                                                                                                                                      wtf
                                                                                                                                                                      • Sep 2001
                                                                                                                                                                      • 10914
                                                                                                                                                                      #42
                                                                                                                                                                      Originally posted by Socks
                                                                                                                                                                      Well, what does CCBill do with the money while it's being held to be paid?

                                                                                                                                                                      Do they invest any part of these excesses assuming they'll never have to use it all at once? They do have to hold money for periods of time.

                                                                                                                                                                      I guess the question is how aggressive they are at trying to make extra money while the money sits and waits.

                                                                                                                                                                      Good luck on getting an answer on that one lol. ;)
                                                                                                                                                                      the biggest problem i can see is if business gets so bad from the drastically reduced amount of people having no credit cards, that ccbill goes out of business, then you loose your rebills

                                                                                                                                                                      but i would hope they could just downscale and keep processing what they can

                                                                                                                                                                        Comment

                                                                                                                                                                        • Gaybucks
                                                                                                                                                                          Confirmed User
                                                                                                                                                                          • May 2004
                                                                                                                                                                          • 451
                                                                                                                                                                          #43
                                                                                                                                                                          Actually, CCBill isn't a processor, they're an IPSP. They use a merchant bank (or, actually, I think they have two or three, same as Epoch), so the question isn't as bogus as some might think.

                                                                                                                                                                          My impression is the merchant banks that handle both Epoch and CCBill's accounts are very large, primarily wholesale/commercial banks. I doubt that they had much going in mortgages, which is the toxic weight that's taken down so many banks.

                                                                                                                                                                          Additionally, CCBill banks with Bank of America, which is one of the largest, most stable banks in the US. Remember that a few months ago, BofA BOUGHT Countrywide, one of the worst and earliest mortgage lenders. This was engineered by the Feds and would never have happened if BofA wasn't strong and stable and able to absorb the bad mortgages.

                                                                                                                                                                          Honestly, I don't think anyone, including the people running the bailout, knows where the financial catastrophe will end, and which, if any, banks will be left standing. But both CCBill and Bank of America seem to be among the largest and most stable institutions in their field; you don't hear the Feds even whispering that there are issues with BofA, and you usually hear that about the others (WaMu, Wachovia, Bear-Sterns) weeks or months before the failures actually occur.

                                                                                                                                                                          In my (unprofessional) opinion, there are things to worry about, but CCBill's stability (or BofA's for that matter) isn't one of them.
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                                                                                                                                                                            • biskoppen
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Mar 2003
                                                                                                                                                                              • 5809
                                                                                                                                                                              #44
                                                                                                                                                                              Submit my videos to make bank, tons of 5 minute videos offered right here

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                                                                                                                                                                                • After Shock Media
                                                                                                                                                                                  It's coming look busy
                                                                                                                                                                                  • Mar 2001
                                                                                                                                                                                  • 35299
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by Tickler
                                                                                                                                                                                  They are a processor, not a bank.

                                                                                                                                                                                  They get money from peoples credit cards(the "cc" in ccBill) and give you & the paysite some %s, and keep some % for themselves.
                                                                                                                                                                                  I thought the CC was for Cave Creek.

                                                                                                                                                                                  [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

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                                                                                                                                                                                    • Grisey
                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                      • Jan 2004
                                                                                                                                                                                      • 1805
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by After Shock Media
                                                                                                                                                                                      I thought the CC was for Cave Creek.
                                                                                                                                                                                      it does
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                                                                                                                                                                                        • SilentKnight
                                                                                                                                                                                          Megan Fox's fluffer
                                                                                                                                                                                          • Oct 2005
                                                                                                                                                                                          • 24812
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by Socks
                                                                                                                                                                                          Well, what does CCBill do with the money while it's being held to be paid?

                                                                                                                                                                                          Do they invest any part of these excesses assuming they'll never have to use it all at once? They do have to hold money for periods of time.

                                                                                                                                                                                          I guess the question is how aggressive they are at trying to make extra money while the money sits and waits.

                                                                                                                                                                                          Good luck on getting an answer on that one lol. ;)

                                                                                                                                                                                          However, there's no better solution, so just live with the fact that in life there are risks, direct and indirect, foretold and unforseen.
                                                                                                                                                                                          I think the original question that started this thread was asked in an effort to find out just how much risk exists lately with CCBill - given the current economic forecast in the U.S.

                                                                                                                                                                                          Not to compare CCBill with iBill - but a LOT of people lost a crapload of money when iBill turned sour. You can't blame people for asking questions about the security of the revenue their livelihood relies on.

                                                                                                                                                                                          Unfortunately blind trust is a fact of life when it comes to webmasters and CC processors, but one should never label someone else "stupid" when they ask what precautions or pre-emptive actions they're taking to safeguard the ability to continue processing transactions.

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                                                                                                                                                                                            • CHMOD
                                                                                                                                                                                              Confirmed User
                                                                                                                                                                                              • Jun 2003
                                                                                                                                                                                              • 1697
                                                                                                                                                                                              #48
                                                                                                                                                                                              I should have known this :

                                                                                                                                                                                              On GFY, simple minds replies in the first place and bash. Intelligent people wait a little, think and then posts.

                                                                                                                                                                                              Thanks SilentKnight, gaybucks, BV, Socks, Matty, SnakeDoctor, Karupted Charles, Retex Josh for your inputs.

                                                                                                                                                                                              Good to see that there are still interresting people on GFY.
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