IBILL UPDATE....Not in a position to Pay?

50 Pissed off half broke webmasters

51 morons who still use Ibill for processing.

The one ray of hope for us getting paid is that First Data is likely going to pressure Ibill to fulfill the contract obligations for its webmasters under Visa/MasterCard regulations. It could be that First Data isn't going to release the held funds until Ibill catches up on payments.

Considering the last payment was made around Jan 15th, its a little too early to start complaining about getting another check.

That's a stupid comment. The very money First Data is holding is supposed to be paid out to webmasters. How can iBill get caught up on payments to webmasters if they don't release the funds? IBill-Fraud, who do you work for?

I had one person in the banking industry point out that CCBill used the same bank that IBill did. Nothing taken from it, he was cautious because of it. Just an FYI.

The reason iBill's account was frozen is because there was a dispute between iBill and First Data. It is common for the bank offering the merchant account to include in the agreement the right to freeze the bank account that is linked to the merchant account when there is a dispute. As long as there are legal issues between iBill and First Data, the account will be frozen. The fact that it got frozen in the first place is really stupid on iBill's part. They decided to sue First Data to make them continue to process iBill transactions even though First Data gave them plenty of time to find other aggregators. When they sued, bang, the money was frozen. It's not rocket science....

I do not believe the person we spoke to has been conned. So if a con is going on this person would most likely be one of the ones doing the conning.

The sale to IBD was mentioned but that's not what I was referring to. It is in a similar vein, however.

It?s almost over. The insurance policy that covers the principals expires very soon. No one left wants to be on the hook.

It?s a ghost town in Deerfield?. But WTFRC right ;)


It?s sad when a handful of people get richer while the worker bees that built the company are left wondering if they will even get paid.

You guys need to stop pointing fingers at the people left at iBill. The people that started this train wreck are long gone. Some are still in this industry while others have moved on.

Intercept stepped into a huge pile of shit and did not have the talent to get out.

Here is a little known fact about iBill. 80% of the revenue was brought in by 5% of the client base. So think about it? Almost all you guys are nobodies, well in iBill?s eyes. The nobodies who's clean transactions helped make up for the big guys misc scams in the monthly charge back reports. A whole other story!

So now you have 5% of the client base driving the direction of the company against the coming wave of new Visa and Master Card regulations. How could the client drive the direction of the company you ask? Well you see that?s what happens when you give sales people control of a company. Nothing but the commission matters. The client says something like ?give me three pre-checked cross sells on the pay page or I?ll leave?, the sales rep cries like a bitch about it hoping/knowing management will shit a brick when their #3 has threatened to leave. Once the smoke clears they go back to their cube to figure out what their next commission check will be.

After years of saying one thing to Visa and MasterCard and doing another it?s caught up to you. At the end of the day you can?t get a bank to deal with you?. I wonder why?


You think you know? But you really have NO idea!!

Damn, Skeet. You nailed it. If I didn't know better, I'd say you worked at iBill at one time or another.

Bump

Is anyone ever going to get paid ?

bump again?

I don't bet... but would safely say the odds of webmasters being paid the funds they are currently owed is less than 99.99999% : 1

Let's not rush iBill kw :-) They are sending someone on a finance course. It's the first step in filling in a form to open a bank account. After that the receptionist is going to check thru directory listings and find the phone number of any bank this person can call and they promise to try and open an account. This is what progress and moving forward means in iBill - in between lying and defrauding.

I forgot that tomorrow is lying day. The tension is mounting on all the moving forward things going on - hell man, can wait to read the next pathetic "update".

I look forward to spending at least a couple of days in court listening to their perceptions of how it was and a few ex-iBill staff giving their account. That's gonna to be hilarious

BTW... This post on another board is hitting very close to the mythical Credit Suisse account that "supposed" to being opened.

There is more than some truth in this post and of course, the underlying is not good news. When one merchant banker was shown the iBill update - she summed it up nicely, - "Crap!" :-)

http://boards.xbiz.com/showthread.ph...062#post211062

And I won't say which bank she is on the board of!

This is all so fucking pathetic and amateurish!

BUT.. I'm sure iBill *may* decide to issue a load of $20 checks in part payment to keep their debtors following that carrott on a stick :-)

I'm really surprised there isn't more commentary on this. Credit Suisse is the best way to hide your money while you declare bankruptcy. No one has any input at all?

In real life that is not going to happen and doubt there is great concern over.

"Credit Suisse" has no problem opening up the accounts of anyone stupid enough to think they can hide money resulting from an obvious fraud.

I doubt even iBill are that retarded. The principals of iBill already have better ways to launder money if they wanted.

Heh...we still do not get around $250.000 from Ibill.

At this point.. i would be almost happy with getting half of what i am owed.

I have about 50K tied up with ibill from a membership site i owned a few years ago. The rebills are nice but they are gone now. Oh well wasn't the first time a 3rd party company went belly up and it wont be the last. however I wont be able to say that for long there aren't many left as is...

I came to the conclusion a while back that the whole membership model isn't worth it. I love rebills, but... it doesn't do any good when you can't collect them.

Running your own membership is more work then its worth. Besides the billing issues, which are enough of a reason by themselves. You also have to provide customer service, " I lost my password " " the video doesn't work for me". You have to take care of billing questions, " why was i charged, I cancelled ?" " it wont take my credit card". You have to make a lot of updates to your site or people will cancel quick. You have to either spend hours producing your own content or managing people who provide the content, or you have to spend a good bit of money to buy content feeds. How much time does that leave for advertising ???? All of this so you can generate a what $19.95 sale $34.95 sale? By the time Ibill takes their 15% +(10% hold) and then deducts the chargebacks,credits, and refunds, what are you left with? 70% maybe >? Now deduct the cost you have for content whether you produce it or buy it. Throw in a few extra bucks for bandwidth for a member's area if you stream it. And what do you have left ? $20 ? at best (if you charge $34.95 membership). Lets say your rentention rate is 2 months hell say 3 months, so you make $60.... building that big rebill list, and now it was all for nothing.
I prefer option B. Advertise a company like clickcash, make $40+ a FREE signup which from my experience converts 4x better then a membership site with the same exact traffic. SO you make $60 , I make $160+ from the same traffic. But now I am generating 5x more traffic then you because you are wasting all your time with customer complaints/service, doing updates, producing the content,etc... been there done that, it's not worth it.

I'm not hopeful of any breakthroughs on the EU payout front tomorrow. If they had good news they wouldn't wait until tomorrow.

Definitely not a good situation here with ibill (being as nice as possible).....rrrrrrgggghhhhh

Anyone know Who is become.com or what they're about?

Who are these become.com SE people?

They claim to be the next generation search engine (Yeah Right) and they got a spider which is great at sucking down sites but i have yet to see anything from them ever on any site i have..

I'm starting to think it's a spider for those stupid sites who steal your SE traffic by harvesting your sites to build keyword pages.

Anyone know who they are or what they're doing?

I long for the days when TA was running the show and people like CJ and BC were actively involved. It is interesting how the so-called mainstream guys from corporate america who were brought in by AA to run iBill and take it to the next level are the ones who actually started iBill on the path to destruction. Not that they didn't take ICPT for a cool 100+M cash first. Allowing clients to post transaction data, mulitple-cross sells, dollar transactions for the charity funds, etc.

This train started to leave the tracks a few years ago.

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"


"We are the Borg! Resistance is futile! "

We are the Borg! Resistance is futile!

We are the Borg! Resistance is futile!

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

Cybersocket Sues IBill for Nonpayment


http://xbiz.com/search_results.php?s...&Submit=Search

Ibill used to run there operation by taking 15%...now they take 100% and cant afford to pay?If this does reach a courtroom i would like to see the explanation of where All the revenue Gkard has collected since november is going too?...As every missed pay period goes by the already slim chances of getting paid get even slimmer

http://www.ibillsux.com/postal/postal.htm

fuck ibill

next up ...epass ~