Quote:
Originally posted by MarkIBill
First, iBill does not use CSI for our merchant account. We are in very good standing with the card associations and our merchant account processors. Our chargeback rates in all categories are well below the thresholds and have been for some time. While First Data has made it clear that they eventually plan to exit the adult market, there is not a set point where iBill has to leave First Data like direct merchants under their subsidiary CSI. Please keep in mind we have had a solid relationship with First Data going back many years. The adult processing industry is very challenging but our primary objective has always been long term business continuity. It is business as usual here at iBill.
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Mark it might be business as usual for you however your merchant accounts will be closed by FDC in fact Ibill is the reason the entire problem was exposed by Forbes Magazine and the crystalizing cause of many many high risk merchants losing their accounts with 6 weeks or less notice. I think you have your head in the sand if you think Ibill is not getting shut off.