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imageman · 02-28-2005, 06:57 PM

IBILL committed fraud the day they stopped paying webmasters money that had already been collected for memberships. As far as i know they never paid a penny of the web 900 fiasco a few years back now this. With my 2 merchant accounts the money goes into our banks within 3 days that's adult and mainstream.

My feeling is it should be made law that all companies trading as online processors should be made to keep at least enough liquid assets on hand to pay its clients for 3 months should anything like this happen again. Banks are required to have vast assets so why not online processing companies. This may help keep fly by nights from opening up and running off with our hard earned cash ?

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02-28-2005, 06:57 PM
imageman Confirmed User Join Date: Jun 2003 Posts: 1,938	If anyone gets paid it will be a miracle IBILL committed fraud the day they stopped paying webmasters money that had already been collected for memberships. As far as i know they never paid a penny of the web 900 fiasco a few years back now this. With my 2 merchant accounts the money goes into our banks within 3 days that's adult and mainstream. My feeling is it should be made law that all companies trading as online processors should be made to keep at least enough liquid assets on hand to pay its clients for 3 months should anything like this happen again. Banks are required to have vast assets so why not online processing companies. This may help keep fly by nights from opening up and running off with our hard earned cash ? .