10-04-2004, 03:46 PM
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lurker
Industry Role:
Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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Quote:
Originally posted by Chris Mallick
Sorry Shap, et al? but I have to say this: Everybody needs to wake the fuck up!
IBill did not ?suffer a setback.?
They lost their Merchant Account.
They do not have another HRIPSP account and are no longer an HRIPSP.
This is not a ?setback? - this is a company that is OUT of an important line of their business, or so they stated in various public and court documents.
How can it be that iBill can ?Co sponsor? an account for webmasters and not have their own at Merrick?
What happened to their back up, contingency, doomsday plan?
How can it be that they sued their last bank and filed for an emergency Injunction 3 weeks ago stating they would be OUT OF BUSINESS without FDC, in a few days - and now ?We are porn again?? ?Get your own account? PLEASE!
There is no Visa billing or rebilling today; that is at least 50% of sales for most programs.
What is happening to the recurring Visa cardholder databases? Are these members lost forever?
How are programs that paid $35+ for a join going to recover costs if they can?t get a recurring billing?
I am stating public facts here. It is not propaganda; it is real news that adversely affects all of us and it needs to be discussed and thought about without some bullshit accusing us of marketing.
Maybe you are drinking the iBill Kool-Aid and refuse to believe what they have written in court and public documents and in fact on this very board. They are DONE in third party and they are asking webmasters to get a merchant account on a document that does not have their name on it. They are not releasing databases even when they say they can?t bill the Visa cards. WTF?
So you can stick your head in the sand all you want. You can sign an agreement that you have not read and may not understand the consequences of entering such an agreement. But when you do, you affect all of us. So at least allow for the discussion and an exchange of facts instead of hoping everything will be OK. It won?t unless people take the time to stay informed and to make choices based upon ALL of the facts.
This is an INDUSTRY. We are all CONNECTED. What happens to you, me, or them is IMPORTANT to all of us as a community. And it will be discussed, like it or not.
Lastly I will point out that I had hopes for iBill when they were in court. They lost, too bad for all of us. But now that they are out of our space, as an HRIPSP, I have to be concerned about OUR business. This is reality for us, and for you too, imho.
No go ahead, I know you want to lay into me. I may or may not reply.
C
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Who asked you for your opinion , your motivation is clear so please stop trying to act like the patron saint of processing. You dont see ccbill behaving this way on this board. |
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