Quote:
Originally posted by keyboard warrior
Ibill says they will be here for a long time, they are not going out of Business.
Talking about the G-Card - Debit card.
So they are going after the Debit Card Market.
Ibill will not be a merchant account holder -only a proccessor.
no Fee's for the surfer/customer on the G-card.
6 mo reserves
Payout Nov1-15 payed on dec 1
Past Due = Dec 12 month period
6% interest so if your owed money it will take
as long as 1 year to get paid up - or you can convert the money owed into stock.
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iBill will be forced into bankrupcy by the first person who fills for their past due. The monies iBill owes can't be converted into debt legally.
It wasn't iBill money, it was the transactions between account holders and surfers. iBill can't claim this as debt!