Quote:
Originally Posted by rowan
And if they do have a cash flow issue (a very scary prospect for a biller - you had ONE job  ) it's only going to get worse as more people get fed up and stop sending new sales. |
Only reason, ever, to be late on payments is because money is not there. When you spend more then your business earns, it's called a ponzi scheme and for it to work there has to be new clients, always growth.
Now this over spending could be from a plethora of things, many with good intentions, or not so good intentions. Wherever the money went that is causing obscenely late payments, doesn't matter. What matters is negative cash flow, and people jumping ship, equals disaster.
I will say that when I handed a site off to someone and it was billing through zombaio... that person never saw a dime of the rebills because after 4 or 5 tries to gain access to the account he just gave up.... 2010 I believe. All the paperwork was filled out by both of us, faxed in, and the money just up and vanished. Likely around 1K rebills per month... likely would have died at about 3K or so eventually.