10-06-2004, 05:45 PM
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we'll miss you our friend. RIP
Industry Role:
Join Date: Sep 2001
Location: Fernie, BC
Posts: 25,115
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Quote:
Originally posted by Big E
Don't want to rain on your logic boobmaster, but iBill may process 300 million, but that doesn't mean their revenue is 300 M. Keep in mind, they probably make about 12% gross MAX (most likely less).
That's $36M annually, but consider they have to pay processing fees, customer service, bandwidth, staff, etc. We're talking about a company that probably makes less than $5M/year.
You make it seem like they're holding money on purpose. I believe if they had (or could get) the money, they would pay out immediately, which would be very helpful in trying to retain (future) business.
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