Lensman:
Quote:
I have my lawyers on it, and want to move it to an IPSP.
Do they want to burn that bridge?
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Frankly, I can't see *any* reason why this should not be the case in the instance of a processor defaulting. (tho, "defaulting" may be an "opinion").
In effect, a processor is being trusted with recurring billing and the removal of this can cause considerable damages. Hell.. I was always of the opinion that any processor needs to provide secured contingency funds in the hands of a third party, to cover the event of their demise. If they cannot support this - they have no business in third party processing.
Laws and legal games don't play a big part when contracts are screwed and folks are being bullshitted - there are more urgent and relevant issues :-)
Reckon I'd have to listen to legal bullshit, but I'd be inclined to grab every dime off iBill right now, along with all records of memberships. This can, for any security reasons, be passed in trust to another party, prior to handing over to another operation.
I've seen a few lying bank managers and similar now - they all talk bullshit hours before they close the doors. I was lucky in two instances when I raided ATM's over 48 hours for as much funds as they would spew out of accounts - tho never got all of it.
I wish iBill well during this time, but it is time that is of the essence :-)