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The rumour is ibill "lost" their merchant account.
first off its not true they didn't lose it. First data has stated months ago it was leaving the processing business for adult/high risk. They dropped card services international right away and ibill has until end of september to find alternative means.
They've already found alternative means to process as have the rest of the other big 3. I'm sure you can expect an announcement on this from them anyday now as the rumours keep flying.
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