Ibill payout communication

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  • Shoplifter
    Richest man in Babylon
    • Jan 2002
    • 5879
    #1

    Ibill payout communication

    Anyone else just get this email?

    Read this:

    " One of the criteria our processor and acquiring bank is now using in determining reserve holdbacks of all credit card reserves is chargeback ratios. Although your chargeback ratios are under the limit of 1%, our accumulated reserves are being held by our European processor and acquiring bank. The reserves are being held pending the resolution of card association regulatory issues related to cumulative chargeback ratios and any potential fines as a result of those ratios. Accordingly, we will be suspending the reserve portion of your semi-monthly payout scheduled for August 19, 2003. "

    So in essence Ibill is passing the buck to the clients in regards to issues they may be having with their bank. Rest assured you will never see this money again, and if there is a fine levied it will be our monies and not Ibill's that are taken.

    I've been a big Ibill supporter, but this is just getting surreal. This is just shocking nonsense and really polishes off Ibill as a serious billing company. They must be able to communicate a resolution to this immediately rather than just allow this to go on and on.

    I've heard some talk that this is not applied to all EU clients but rather only some, so even the above may not be totally true.
    Last edited by Shoplifter; 08-18-2003, 01:32 PM.
    I Like Blondes
    Tags: None
    • directfiesta
      Too lazy to set a custom title
      • Oct 2002
      • 30203
      #2
      Will all this shit ( read VISA) ever end???

      We should be the one having reserves on all these aborted monkeys!
      I know that Asspimple is stoopid ... As he says, it is a FACT !

      But I can't figure out how he can breathe or type , at the same time ....

        Comment

        • lexr
          Confirmed User
          • Jul 2003
          • 428
          #3
          Maybe if Larry Flynt becomes President then it might end.
          Amateur content producer. Professional complainer.

          Sig space for rent!

            Comment

            • silent
              Registered User
              • Nov 2002
              • 68
              #4
              I still can't see my Ibill EU august check payment in the CMI.
              Anyone else?

                Comment

                • Shoplifter
                  Richest man in Babylon
                  • Jan 2002
                  • 5879
                  #5
                  Originally posted by silent
                  I still can't see my Ibill EU august check payment in the CMI.
                  Anyone else?

                  Did you get the email? I don't think you will see totals in the CMI until tomorrow..
                  I Like Blondes

                    Comment

                    • silent
                      Registered User
                      • Nov 2002
                      • 68
                      #6
                      Originally posted by Shoplifter



                      Did you get the email? I don't think you will see totals in the CMI until tomorrow..
                      No I didn't get that email, but my reserves were suspended last month already.
                      It is not fair because our total reserves blocked because of our mastercard chargebacks and beleive me that number chargebacks were 4 or 5 totally.And our all reserves blocked I mean visa and mastercard reserves totally.We just don't trust Ibill anymore after 5 years working with them.

                        Comment

                        • Paul Markham
                          Too old to care
                          • Jun 2001
                          • 52942
                          #7
                          Sorry but I want to make this clear to idiots like me.

                          Are they now saying thet ate 10% hold back is no longer going to be paid 6 months after they received it?

                          So if 10% of your turnover, for 6 months does not cover what you are going to be fined in the likely hood of you going over the 1%. They want to hold onto it. but what if it does cover the amount, what if you do not ever go over the 1%?

                          It seems to me that this is just them grabbing more. That is not and never was their money.

                          Guess IBill are one company I will not be looking to for CC processing, even though we do need a new one.



                          Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500.
                          PM me for a deal. Skype Paulmarkham70

                            Comment

                            • Mutt
                              Too lazy to set a custom title
                              • Sep 2002
                              • 34431
                              #8
                              seems to me that if there's anyway possible for somebody with a paysite(s) to get their own merchant account then it makes no sense to be with a third party processor any more - actually looks very dangerous to me to be with a third party processor, this memo says this webmaster is below 1% but it's the IPSP's cumulative chargebacks which are the issue which has their EU processor and aquiring bank doing this.

                              if you're a paysite owner take a good look at who else your third party biller is billing for and what they're up to because it doesn't mean shit if you even had a ZERO chargeback ratio if VISA and MC put your IPSP in their cross hairs, you and your affiliates and money are all at serious risk.

                              scary.
                              I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

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