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Maximus · 03-24-2003, 11:48 AM

Some of you are curious as to the status of Websitebilling. There are quite a few rumors as of late and perhaps I can shed some light.

The inappropriate activity of one particular large client caused one of our banking partners to hold funds. Although we have banking relationships all over the world, this caused a delay in payments to some clients. Websitebilling has always had a reputation for paying and fighting for its clients money. If you recall we were the only ones to have the cojones to sue Visa against chargebacks. Some of you thought that our delay issues had to do with the lawsuit. This is not the case; this suit was settled long ago. Although we are not allowed to speak of it I can tell you we experienced a rapid growth after the settlement.

Once again, after fighting for our clients money by flying out some ourstaff to confront the situation head on, the bank in question has begun to release the held funds in small increments. Although we have work left, account balances are being brought forward as the releases are received. We appreciate the patience of our clients and the understanding they have shown. WSB will never just laydown as monies are held or fines or penalties are imposed on behalf of our clients.

Companies like CFF, who have been with WSB for a long time and who have many affiliates, have recently requested to forgo their own payments in order to pay their affiliates first. Its this kind of effort between clients and WSB that are helping to bring resolution. Most large clients that have been around for a while have seen this type of thing before. Affiliates working with companies like these are fortunate as they actually have an additional layer of protection that affiliates working for other companies do not enjoy.

03-24-2003, 11:48 AM
Maximus Registered User Join Date: Jan 2002 Posts: 81	Statement from Websitebilling Some of you are curious as to the status of Websitebilling. There are quite a few rumors as of late and perhaps I can shed some light. The inappropriate activity of one particular large client caused one of our banking partners to hold funds. Although we have banking relationships all over the world, this caused a delay in payments to some clients. Websitebilling has always had a reputation for paying and fighting for its clients money. If you recall we were the only ones to have the cojones to sue Visa against chargebacks. Some of you thought that our delay issues had to do with the lawsuit. This is not the case; this suit was settled long ago. Although we are not allowed to speak of it I can tell you we experienced a rapid growth after the settlement. Once again, after fighting for our clients money by flying out some ourstaff to confront the situation head on, the bank in question has begun to release the held funds in small increments. Although we have work left, account balances are being brought forward as the releases are received. We appreciate the patience of our clients and the understanding they have shown. WSB will never just laydown as monies are held or fines or penalties are imposed on behalf of our clients. Companies like CFF, who have been with WSB for a long time and who have many affiliates, have recently requested to forgo their own payments in order to pay their affiliates first. Its this kind of effort between clients and WSB that are helping to bring resolution. Most large clients that have been around for a while have seen this type of thing before. Affiliates working with companies like these are fortunate as they actually have an additional layer of protection that affiliates working for other companies do not enjoy. __________________ Maximus Websitebilling Last edited by Maximus; 03-24-2003 at 11:55 AM..