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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Join Date: Oct 2002
Location: BONEPRONE MANSION serving drinks!
Posts: 8,120
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Forbes Magazine calls Ibill Boneheads!
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#2 |
Confirmed User
Join Date: Mar 2002
Location: Mass Ass
Posts: 5,294
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In addition to iBill's former chief executive, Garrett Bender, the other person leading the buyers is none other than Jason Galanis, son of John Peter Galanis, the notorious white-collar crook who bilked investors of $400 million before he was thrown in prison, where he still resides.
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#3 |
So Fucking Banned
Industry Role:
Join Date: Apr 2001
Location: N.Y. -Long Island --
Posts: 122,992
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#4 | |
Confirmed User
Join Date: Oct 2002
Location: BONEPRONE MANSION serving drinks!
Posts: 8,120
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#5 |
Confirmed User
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Join Date: Feb 2002
Location: California
Posts: 7,444
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#6 |
Confirmed User
Join Date: May 2001
Posts: 2,855
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damn....
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#7 |
So Fucking Banned
Join Date: May 2002
Location: Parts Unknown
Posts: 3,129
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#8 |
BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,462
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hmm..interesting
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#9 |
So Fucking Banned
Join Date: Aug 2002
Posts: 5,579
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Yikes!
$37M seems heinously cheap... |
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#10 |
Entrepreneur
Join Date: Oct 2002
Location: USA
Posts: 31,429
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Sounds like iBill's porn days are numbered folks.
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#11 |
best designer on GFY
Join Date: Mar 2003
Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384
Posts: 30,307
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37M? 85% IBILL's Adult Processing.
And the standing claimed figure industry wide Gross 10B according to AVN claims a while ago? If I am wrong correct me but otherwise.. Things that make you go humm...
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#12 |
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Join Date: Aug 2003
Posts: 3,042
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What makes you think that porn is STILL 85% of Ibills processing?
edited to put STILL In |
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#13 | |
best designer on GFY
Join Date: Mar 2003
Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384
Posts: 30,307
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Quote:
The figure amounts to $34M? Right? So think about the NET over all scheme in yer head of what % of the adult net is processed by IBILL. Even the best numbers do not line up from previous Publications claims that the Adult Industry is a $10B a year money maker. Wait my bad... $720M annual.
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#14 |
So Fucking Banned
Join Date: Aug 2002
Posts: 5,579
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RTFA... It said it did $259M revenue for 2003, $37M is just what it sold for... but that still sounds really low.
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#15 | |
Too lazy to set a custom title
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Join Date: Oct 2002
Location: Montreal, Quebec
Posts: 29,680
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Quote:
Worth the reading.
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I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time .... |
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#16 |
best designer on GFY
Join Date: Mar 2003
Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384
Posts: 30,307
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RTFA=Read The Fucken Article.
I got ADD sometimes ![]() + or - tons of cash it still weird shit to think about.
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#17 |
Confirmed User
Join Date: Oct 2002
Location: BONEPRONE MANSION serving drinks!
Posts: 8,120
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This is a good time to say Natural Selection Alien lol
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#18 | |
Sofa King Band
Join Date: Jul 2002
Location: Outside the box
Posts: 29,903
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Quote:
Our choices for processing are becoming slim. |
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#19 |
best designer on GFY
Join Date: Mar 2003
Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384
Posts: 30,307
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However the most impressive thing o all is this...
Fuckn A! Grimm I didnt know you read Forbes! Sweet Jebus.
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#20 | |
Confirmed User
Join Date: Oct 2002
Location: BONEPRONE MANSION serving drinks!
Posts: 8,120
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#21 | |
FUBAR the ORIGINATOR
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Join Date: Jan 2002
Location: FUBARLAND
Posts: 67,374
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#22 | |
Confirmed User
Join Date: Oct 2002
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#23 | |
FUBAR the ORIGINATOR
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#24 |
best designer on GFY
Join Date: Mar 2003
Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384
Posts: 30,307
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Gona try and break this down.
"After first telling investors that porn comprised just a minor amount of iBill's business, $259 million (2003 revenue), Intercept finally confessed that porn was actually responsible for 85% of iBill's annual credit card transactions, which once amounted to as much as $720 million." 720 Million Annual. 10B is the estimate volume of the Adult Industry according to some publications. What % of the Adult net does IBILL Process for... I need more numbers to get this right for Adult net transactions alone. Anyone got a clue about how much of the Adult Industry as a whole makes off the NET alone and not everything else? Any numbers out there? Research sucks...
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#25 |
Die With Your Boots On
Join Date: Oct 2003
Location: Hawaii
Posts: 22,872
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Wow, it should be interesting to see what happens with IBill in the longrun.
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#26 | |
Entrepreneur
Join Date: Oct 2002
Location: USA
Posts: 31,429
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Quote:
__________________
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#27 | |
Confirmed User
Join Date: Aug 2003
Location: detroit
Posts: 766
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Quote:
the article implies $720M was iBill's PEAK transaction revenue, not the current. the current is about a third of that. take 85% of $259M to get a ball park figure of the transaction amount iBill did for porn in 2003. and the $10B figure you quote was from like 1998 and it was for the ENTIRE adult industry, not the just internet sector. |
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#28 |
Confirmed User
Join Date: Aug 2003
Location: detroit
Posts: 766
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let me add this.. the $10B figure has been considered by most to be extremely inflated. $4B is much closer to the actual gross. with internet porn making up some 15% or less of that.
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#29 |
best designer on GFY
Join Date: Mar 2003
Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384
Posts: 30,307
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"the article implies $720M was iBill's PEAK transaction revenue, not the current. the current is about a third of that."
Now I am finally gettin answers ![]()
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#30 | |
Confirmed User
Join Date: Jan 2002
Location: In the walls of your house.
Posts: 3,985
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Quote:
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"Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats." --H.L. Mencken |
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#31 |
Confirmed User
Join Date: Jun 2002
Posts: 2,728
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Luis Enrique Fernando Molina
Penthouse iBill What else is this guy into? Clearly he has a uranium player card.
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#32 |
best designer on GFY
Join Date: Mar 2003
Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384
Posts: 30,307
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Alot of money moving through there if revenue is based off the % per transaction fee's.
Wow.
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#33 |
Confirmed User
Join Date: Jun 2003
Posts: 317
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This is the culmination of one bad thing after another with IBill. I got my annual call yesterday from the current sales rep - don't recall his name - who asked what he could do to get us processing with IBill again (we're still really dependent on their $250/month from rebills after two years of not using them at all :-) )
I said, "Sure, [ insert name here ]!" This has almost become automatic for me, this time of year, when I get the infamous Call. "Get us the $5000 you still owe us, and then we can talk." And the uneasy silence, then rote reply, "OK, I'll talk to some people and see what I can do, and I'll get back with you soon." Two weeks ago. We've chased IBill, our lawyers have chased IBill, there's no blood in a stone. They were obviously in trouble - bad trouble - when Worldcom did its 900# dance a few years back since they never paid up for most of it to anyone I know. Otherwise they would have paid up (it has been over 18 months I think - and as much as many of you put Verotel down, I'm happy with them, they ran into a similar 900# situation with their European phone services and miraculously were solvent enough to actually pay up. It took them a few months, but they were honest about it and fixed it. The Worldcom fiasco was the end for IBill. For whatever reasons, they were either leveraged beyond recovery or close to it before that happened, or had Enronized their execs, and then went over the edge. And in so doing, screwed their clientele. I would be curious just how many - or what percentage - of clients at that time are still active clients today. We gave it four months of runarounds and re-directed calls before giving up. Our lawyers have been after them for a year nearly, to no avail. Before that, they *were* a huge player - and I'm sure many new webmasters who don't know the history probably have signed up with them. I'd sooner trust my money to Paypal. And now they're being sold. Well, this strikes me as selling a sinking ship before the leaks become obvious to even the least initiated. I don't think there's much cash or future in IBill, and ironically enough, they're the only IPSP of the major ones that self-destructed on their own power. Almost deliberately. I don't see what this guy would see in IBill, even at bargain prices, a company with a bad reputation in this business is moribund. Adult webmasters are much savvier than your average businessperson and check facts in more detail. I don't care if IBill was bought by the mob, they could funnel money from every casino in the United States into the company and I don't think it would help much. If 85% of their revenue is truly adult, and they've pissed off some very powerful people in adult, then it's over. -doug ![]()
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XYCash International Gay Affiliate Program |
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#34 |
GFY HALL OF FAME DAMMIT!!!
Join Date: Jan 2002
Location: that 504
Posts: 60,840
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120k?
hahah what Los Angeles alone? The "adult industry" consists of more than the web. We ain't just talking sign ups. Theres at least 20k worth of "adult transactions" made daily in the Valley alone hahaha La Dirty Boutiqque has its own merch account ;)
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#35 |
Confirmed User
Join Date: Oct 2002
Posts: 1,259
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I hear ya Crescentx.
I don't even get the annual call anymore, just weird letters telling me that I need to take links down from sites that don't exist etc. I nip over to check rebills and there are none. 0! Gotta scratch your head wondering what's going on over there. Hope their not taking my $750/yr out still. ![]() |
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#36 |
Confirmed User
Join Date: Oct 2002
Location: BONEPRONE MANSION serving drinks!
Posts: 8,120
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Alien good points man!
HAHA nice one Fletch |
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#37 |
Confirmed User
Join Date: Feb 2001
Location: Bedford, NH 03110
Posts: 707
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http://www.forbes.com/2001/05/25/0524porn.html
I love how Forbes dismisses the profit margins that Internet porn makes because Playboy.com was losing money and how Internet porn being more profitable than other online ventures is "baseless". Mainstream is starting to be profitable, but make no mistake about the bigger margins that porn makes.
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#38 | |
Confirmed User
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Posts: 1,187
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