Ibill Cancels Christmas !

50!!!!!!!!!!!!!!!!!!!!!

Anyone interested in a new years field trip to Deerfield Beach FL?

Merry Christmas to you!

DEA:

Yea... but not quite yet. They have to take delivery of a belated Christmas card first and absorb the content.

Then for some weird reason they are allowed to present excuses to a judge as to why they lied about payments and why payments they confirmed had been paid, were not.

But after that... yes, a field trip with a court order and some help to remove some office furniture and a few computers is in order :-)

This does not take long - when were you planning to go?

Hey, if anyone wants to buy Globill, the Utah bankruptcy court sent me notice that it is going for $2,500. Which is a hell of a lot less than they owe me, much less all of the people who processed through them or promoted Globill sites. SpookyCash paid affiliates out of pocket, but that definitely sucked for development of everything else at the time. It definitely sucked to Globill vaporize the way they did. Adult internet can be a high margin business, but it is a very unstable one. I hope iBill pulls through because having more billers is a good thing for all of us. I think there is still a chance iBill will pull through because (a) they have been around for so long and (b) they are bothering to communicate with webmasters instead of just locking the doors and skipping to St. Kitts.

Unless there are tangible/sellable assets worth more than $2500 - the name Globill is not a desireable one :-)

I'm the same as you on iBill - or any processor - last thing we want is less processors, - forgetting anything about competition between processors.

Tho, who knows, but I smell the end of the day for what is known as "third party processing". This is a horrible biz to be involved in where efforts to build a business are rarely in your hands, but involve the fickle whims of banks and card companies who can adopt policies with each breakfast and have major implications for your business. That's not a real business :-)

Merchant account processing is little different on the bottom line.

Just looking towards a totally fresh model for payment processing which holds card companies at arms length and banks you can sue/close if they cannot produce client funds on a due date :-)

I was a bit perturbed by the idea that Globill was being sold. Like you said, the name can't be valuable. I'm like, hey, they owe me a lot of dough, what assets exactly do they have?

oh ibill! :love-smil

yes like that baby, i need ur dick semen in my mouth

AmeliaG:

I don't know of the remaining assets of Globill, but assume at the moment any assets within the US are being handled by a liquidator who is getting clearance from and acting on court instructions.

That is fine in theory, but it is not uncommon for legal/liquidation fees to eat into remaining assets and leave very little for the actual creditors.

It smells like Globill is a mess to clear up - it involves more than one jurisdiction. This same scenario actually applies to several processors by the nature of the business - that may be something to watch out for in future :-)

If this is an attempt to sell Globill as a corp or business (don't see how this can be possible for a bust corp) - some folks ain't got a clue, - but they may be attempting to maximize values for creditors - who knows?

The St Kitts end is not exactly problem free either - offshore jurisdictions don't like folks who go bust owing others money, especially if there is an indication they are abusing the rights afforded to them under the laws of that jurisdiction. The price is paid in the end:-)

Next ibill will be for sale.

Not all theft is a felony. It depends on the money amount of the item or value stolen before it becomes a felony.