09-08-2002, 03:55 AM
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Confirmed User
Join Date: Jul 2001
Location: The Royal Family Crew
Posts: 3,649
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Quote:
Originally posted by Lightspeed
As many of you may know, Worldcom went bankrupt and did not pay Ibill for 2.5 months or so of 900 sales.
Ibill, in its worst blunder EVER, has decided that the 20% fee they charge is not enough to actually stand behind their payouts, so they have withheld all 900 payments for nearly six weeks from the paysite owners.
Ibill doesn't seem to understand or value the trust that we place in them as a 3rd party processor. If they did, they would realize that the problem with worldcom is THEIR problem. I don't ever remember signing a deal with Worldcom, my agreement was with ibill.
Ibill now refuses to honor our trust and instead of paying the webmasters, they are sticking the loss on the sponsors, like us at Lightspeedcash, even though we have already paid OUR webmasters (so indeed we get fucked TWICE, money out, no money in)
We have paid our webmasters in good faith. I just wish Ibill would show some integrity and do the same while they resolve their issues with Worldcom.
Any opinions on this?
Steve Lightspeed
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