OK, so it show up on stats, but not in my account. and more important, read the part about past due funds.
Dear iBill US Client,
As announced on the iBill client conference call on Wednesday, November 3rd, iBill will resume scheduled US payouts starting with November 1st transactions. November 1st through November 15th transactions will be paid out on December 1st.
All US clients will resume their normal payout schedule:
1st of Month: 1 - 15th transactions from the previous month
15th of Month: 16th - end of month transactions from the previous month
Monthly clients will be paid on the 15th of the month for previous month transactions
RevShare clients will resume their normal payout schedule:
8th of the Month: 1st - 15th transactions from the previous month
22nd of the Month: 16th - end of the month transactions
Catalog Complete clients will resume their normal payout schedule:
26th of the Month: 1st ? end of the month transactions from the previous month
Past due client transactions and reserves will be repaid with 6% interest over an extended period. However, repayments of outstanding client reserves will be subject to the release of funds currently being held by our former processor, and such repayments may be made directly to clients by our former processor. We are working with our former processor with the intention of expediting payout of outstanding client reserves.
Clients will also have the option to convert their entire past due amounts or a portion of the past due amounts into equity at a 50% discount.
RevShare amounts due as of October 31st will be paid in four equal payments. Additional information regarding the RevShare past due payout program will follow in a later communication.
By Monday, December 6th, you will be able to log into the Merchant Info area at
http://www.ibill.com/merchantinfo/login/login.cfm to review past due amounts, a brief summary of the plans and select the option that you would like to move forward with. You will receive confirmation of your plan selection immediately and depending on the option chosen, the promissory note will follow. For those selecting the equity option, additional details will follow pending regulatory approvals.
We thank you for your support and continued patience with us and look forward to having this all behind us as soon as possible.
Sincerely,
Your iBill Team