Quote:
Originally posted by TheLegacy
If you feel that IBill has crossed the line legally now and want to take action... then read on
Aside form the aforementioned problems they are having, they have not released the September 30th reserve payouts, which is money they are supposed to have been holding for their clients from February '04.
Their contract is very clear when it comes to reserves. 10% of all sales are held in reserve for 6 months to protect against chargebacks. They do not have the legal right to spend that money held "in reserve", if they do not have it, that is a misappropriation of funds, AKA, embezzlement.
If you want to send a clear message to the dolts at I-bill then the person to contact is:
Marcos Daniel Jiménez
United States Attorney for the
Southern District of Florida
99 N.E. 4th Street
Miami, FL 33132
(305) 961-9001
Give them a call this week and tell them that you have cause to believe that Internet Billing Co. of Ft. Lauderdale has misappropriated funds supposedly being held in reserve for their clients.
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Thats good information
I smell a class action here. So far members have had access to sites for free because rebills are not being processed and if you dont pay out the $1500 they may never be processed. Resurves are late or not being paid which has zero to do with First Data. Ibill should have this money available to send all webmasters.
Maybe its time if webmasters are not going to get paid to get their Ibill members to request a refund ( not a charge back ) ( after all if you are not getting paid why should Ibill get it ) and ask them to switch to Epoch or CCbill or whatever back up processor you have ?