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Originally Posted by xenigo
Thanks for the reply, Steve. Somehow I missed that. I never used to keep up on processing because I'm only now getting into running paysites. Any idea why they can't get a new acquiring bank? If CCBill, Jettis and Epoch have them, I can't imagine why iBill would have an issue...
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Basically because no bank will touch iBill - if you're interested in the full story you should make yourself a cup of coffee or three and do a search here. There have been some very long and very informative threads about it.
People have likened this to the Globill collapse but Globill went overnight. iBill have been collecting rebills for months and have only paid out a fraction of what they must have collected. There are some paysites owners out there who are in real trouble thanks to iBill.
They have made promise after promise about paying and they are always 'moving forward' with their plans to pay webmasters but they only ever seem to slip further and further behind. There must come a point where criminal proceedings against the people in charge at iBill must become a real possibility .