Originally Posted by willow

Well I have met Cathy and some of the people over there. You're an idiot for posting what you don't know.

When 1st Data pulled the plug they held a huge sum of money to cover their risk of the next six months of chargebacks and the next few years of risk from the account. Anyone who has had a merchant account terminated will tell you that they freeze your account and the holdback and suck any cash they like into a black hole until they deem their risk diminished. To be in that business you have to have the cash reserves to get over the sticky bits. iBill didn't.

That's not Cathys fault, or any other regular employees fault, it's the owners fault. It still sucks.

I believe that Segpay is owned by a guy who got iBill a merchant account years ago in Europe and did some consulting for them. That's it. Big whoop.

Hate iBill and the people who owned it and did nothing to avoid a huge iceberg called 1st Data, despite it blipping on the radar for months. Do not hate people who still have to work for a living in a small industry.