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Originally Posted by DAVESNOTHERE
you dont know jack shit bitch. cathy beardslee is the biggest scammer out there. she laughed all the way to the bank with all these webmasters money.
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I'm sure that's why she's doing 9 to 5 over at Segpay. Anyone with any doubt can call them up and ask to speak to her.
Let me break it down for people. A few years ago Mastercard came along and revised their rules and decided, because they could, to RETROACTIVELY apply those rules to adult ipsps for the previous two years. Huge fines everywhere. Anyone still standing today in the ipsp biz had the cash to pay this.
1st Data knows how Visa and Mastercard work, that's why they're almost certainly (because I don't/didn't care or work at iBill) holding all the money over at 1st Data. They'll be holding it for years until they're sure there are no more fines coming along. Just as well they did coz I noticed in another thread the iBill database is compromised and there will be fines to pay for that too.
By the time the lawyers get done with this in 5 years there won't be anything left.
Don't get me wrong, someone is always getting paid on these deals, I don't think it's who you're pointing the finger at.