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Originally Posted by Relish XXX
They did turn up to the show and seem to try to be sorting it out. Alot of companies would have just gone into liquidation.
They are not hiding and do want to do business.
I have always said put yourself in another mans shoes before criticising them.
Yes they fucked up, alot of it wasnt their fault. I honestly think they really want to be in business.
Main problem is that no-one will use them.
Remember when you used to get Ibill checks? Great wasnt it. CCBill and Epoch perfected the billing system though and Ibill was taken over by people that didnt understand porn.
The one thing I have always wanted to know is where did all the money go that was made by the webmasters that didnt hit the $50 minimum payout. With CCBill you can merge accounts so even the small guys hit the $50 pay out. With Ibill you had to have loads of accounts. There must have been hundreds of thousands of accounts which never hit the $50 mark hence an account with millions in it.
Where is that cash? Legally it is not theirs and they must have it in a client account somewhere.
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Don't "hate" IBill or anyone for their stupidity/lying/incompetence - it's just they way they are and stems from the top.
IBill or whoever claims to be operating IBill, or their rising from the ashes new edition corps, have little choice but to face up - the probability that criminal action would follow if they "liquidated" is high.
On "fault" - hell yeah... there is little doubt their demise is of their own making. They gave volumes of biz to one bank in the US and ignored that bank's notice that they intended to terminated dealing with em. The reasons for the termination was obvious - banks prefer to avoid dealing with crooks and people with dubious backgrounds.
They then proceeded to promise a lot and deliver nada.
When a TTP declares they have independent escrow security or some insurance in the event of their demise is the day I'll start trusting em with shit - the silence on this is deafening. It's only a matter of time till the next one hits the dirt with webmasters losing still more.
PS... Segpay may have "some" form of security - never actually checked - but the names behind Segpay are the same and they don't deserve another chance to screwup again.