And we appreciate it Rick. It adds credibility to whatever you say.

I'm crossing my fingers for the best, but a life lesson, is never to think something that seems almost impossible to happen won't happen. It sometimes does happen, so brace yourself for it.

I hope it works out. If not, I hope the companies using Ibill (especially those using processing with Ibill alone), can obtain an alternate solution. This will be a crippling blow.

Things work in wierd ways, and to think verotel was the one who was supposed to be dead in a year. According to gfy anyway, 99.9% of GFY is horseshit. Good lookin out rick. :2 cents:

Sad thing is, Rick is right... This is like the scene in titanic where the band is still playing. Do we make like all is ok and dance and ignore the sinking ship or do we jump...

See ya in the water :(
Duke

I doubt it's advertised. Stocks don't get halted for no good reason though.

Obviously any huge processing bank has infrastructure in place but this isn't fucking plug and play. If it was I Bill would have already been processing with the new bank and woulnd;t have had to go to court to try to keep First Data going. Use your nogin buddy! You also have the issue of the existing rebilling database being moved. That's a ton of sensitive data to deal with.

The stock halt is the real blow. The Fed dont fuck around. Thats the sign you look for:2 cents:

Fucking A right... and fucking B too.

http://finance.yahoo.com/q?d=t&s=IBD
Apparently it stopped trading on Monday evening

first off- rick latona - nice shill-job!

secondly- i spoke with ibill and it is certainly a crisis and they are "moving their traffic to a new merchant account" right now. they need a little time to figure things out and to all of the people affected- we wish you a speedy recovery followed by speedy growth.

thirdly- XPays has paid and always will pay out on all joins commenced regardless of our ability to collect from any third party. Our variety is part of our business model.

I should have clarified that the $.09 cents a share price is my guess. The market sets the price. But with such small volume and the company Care Concepts only real operating arm would have been iBill which it just paid $55 million for (in stock) I can only assume it will be hammered like the Taliban in Afghanistan.

hahahaha shit fuck piss, one of my sponsors I still have a lot of rebills with uses Ibill. fuck fuck fuck

I would wager you are correct.

And might I add to this thread two thoughts:

1) This is why cascading is so crucial. We've got three billers on Duke Dollars so flipping one down is no big deal and that's quite a relief although some of the eggs in the rebilling basket would stll get squooshed.

2) Yet another argument for getting your own merchant account as soon as you can and capturing the data internally so you can move your database if need be.

shill Audio pronunciation of "shill" ( P ) Pronunciation Key (shl) Slang
n.

One who poses as a satisfied customer or an enthusiastic gambler to dupe bystanders into participating in a swindle.



Evan was that a compliment or an insult?

Who did you talk to? I heardf they were all in meetings. Noone I talked to knew anything. maybe they were told not to say anything.

Do you know if they have another processor lined up now? Will there be any interruprtion in payments?

Sorry if I sound less then optimistic its because I have possible income loss if iBill goes under. I am just so mad that they waited till August 2004 to contact Merrick when they knew the Sept 15, 2004 deadline was approaching....

does this affect EU processing?

i assume not... that it only affects US joins & US rebills...

THIS is the real and only realistic option, especially if your a large program that can do the volume, run a tight legitimate ship and care for your business future. 3rd party will all but die. Dont know when but it will happen.:2 cents:

Shares Short (as of 9-Aug-04): 74.00K

Someone is going to make a killing when it re-opens..

I doubt they did nothing til August, I assume that taking on a large adult processor takes tons of meeting and more paper work then you could dream of.

from everything i have heard- you licked the ass crevasses of friends you have made inside at ibill at shows and such, yet you play the shill here. your "support" is thinly veiled to say the least- but so be it. no need to kill the messenger- maybe a fake nic would have been suitable for ya here :anon

:thumbsup

http://finance.yahoo.com/q/bc?s=IBD&...=on&z=m&q=l&c=



The chart just stops.

http://chart.finance.yahoo.com/c/3m/i/ibd.gif

Well obviously whatever they did wasn't enough huh?

Why do you insist on being this way with me? I don't have friends at I-Bill and I never use a fake nick. We can go to battle in this thread now if you want but I think it might be best to stay on the subject.

P.S. What worries me is that you knew what the word shill meant.

I have to agree with you. I don't see third party processing holding on forever. Is there any other business in the world that is dominated by third party processing? You start any brick and morter company and you are responsible for your own accounts. Part of the problem here has always been that the barrier to entry is so low that the number of unqualified people running business is too great. I don't mean this as an insult, but I'm trying to make the point that much of the difficulty with large volumes of chargebacks came not just from fraud but also from sites that had not nearly enough (or at least unique enough) content to be charging any fee for access. Also sites put together shoddily with no proper customer support... it's a mess.

Look, at the end of the day the customer base in this business isn't going anywhere. But the ability to deliver content to them and charge them will become restrictivly difficult enough such that only serious businesses are capable of doing so.

I thought I read in the Court filing they contacted Merrick in August. That is kinda waiting till the last minute. IMHO

Why didn't they get the extension in writting?

These are serious questions that need to be answered, poor management decision?

Would have made a little more sense if they would have done that before they no longer had the ability to process, don't ya think? ;-}

Give up Holly. The die hard Ibill supporters are completely oblivious to anything that resembles making sense.

i'm busy enough running my own business so i will not waste too much time on that one. a lot of people will suffer if things to not work out for ibill and that is the part that gives me an upset stomach. they need to avert this

this is the correct answer, there are no other industries with as many clueless 18 year old wannbe player, pimp businessmen, that reak havoc on the industry for the fast buck with no regards to tommorrow. Pure havoc sooner or later. If your a large program doing the volume and have the ability to get your own merchant, I wouldn't hesitate if I were you.:glugglug

Forget about support or not it comes down to this:

1) Was I-Bill negligant and/or foolish or,
2) Are there some factors we're not aware of here that made it impossible for them to get plan B ready in a timely manner?

True- but several of the biggest players since the old days have said that "if they had sent all of their sales to Paycom (for example) since day 1, they would have made a lot more money than juggling banks".

Last Trade: 5.85
Trade Time: Sep 20
Change: 0.00 (0.00%)
Prev Close: 5.85
Open: N/A
Bid: N/A
Ask: N/A
1y Target Est: N/A

Looks like it stopped trading yesterday.

I second that, cascading billing has been built into our software for clients exactly because of this type of situation.

As for the merchant accounts we are talking with a particular payment processor that has agreed to waive their setup fee. ICQ me if you are need. They are professionals and we have worked with them for over 4 years.
I don't want to mention any names because that would be to spammy. I just want to offer help, this sucks big time........

I see a lot of people that will not even bother trying to keep their programs alive and go back to what they were doing before ......

I cannot believe this was a verbal agreement.... not with that much money riding on it...

WORD!

3rd pary is not the future nor the answer for longevity. Im going boating so flame away.

I agree with you. I've just been watching these people sing Kumbaya every time there has been a huge issue over the last year. Reminds me of the Iraqi Information Minister. Doesn't matter what you say they see no problems.

Well now...Since we are busy listening to rumors instead of courtroom facts.....

I just searched "xpays" on GFY.

It appears that xpays is:

A front for spam.

Too broke to pay their affiliates.

Being sued by Microsoft.

Jealous of p1mpdogg.

FUCKuPAYme = Evan of xPays

VividCash may be related to xpays.



Shall I continue?

:1orglaugh

That is what burns me...

Contracting 101:
"Get it in writing!"

Granted but that also begs the question why were banks being juggled? I know in some cases banks just got assaholic and flaked... but in other cases you have people dancingthe Potamic two-step because they had problems as a result of sketchy billing practices.

The worst part is that banks might go flaky on you even when your numbers are great just because they are tired of getting burned by the dozen other not so honest guys. The hope here is that things settle to the point that there is no way to operate your business dishonestly and only the people doing it right survive and they can keep their merchant accounts. When you deal with a third party processor everything gets homoginzed through them... good and bad.

Anyone here banking that ibill will find come back from the dead? I can't believe that a company that big won't be able to find another processor. Might be a good opportunity to buy tomorrow after everyone dumps the stock.

:1orglaugh

Takes the edge off to laugh when such a drama day is unfolding.

:1orglaugh

You can continue but you are a moron (my answers in your quoted post)

You are right Mark

Yep! He is.

It's not so much whether they be able to find another processor, it's will they be able to in time, if in fact, they are only looking into an alternative now. A few days losing $800k every day and it becomes too late because the company is bankrupt and no longer has a need for a processor.

The paper work alone will take days for something this large assuming the paper work only started today or a few days ago.

It's not like multi-million dollar processors haven't gone under before for one reason or another. I can recall at least 5 in the past year and a half. Why didn't they move under a different name, get a new account, start all over again? Because it's not that easy.

Total Cash (mrq): 28.00K
Total Debt (mrq)²: 1.17M

Average Volume (3 month): 18,750
Shares Outstanding: 15.67M
Float: 11.40M
% Held by Insiders: 27.26%
% Held by Institutions: N/A

Unconfirmed just grabbed from the Key Statistics, but this is not promissing. Insiders don't hold a huge stack in the outcome of the company and the volume is garbage. Not to mention the all stock buy of iBill from Penthouse.

This from a guy who has yet to figure out that a sentence should end with some sort of punctuation. :thumbsup

Nice.

I love it when people like you try to insult me. Usually insults like this are followed by comments about me being fat and bald too.

I'll let you know when I give a fuck about you, your opinions, or your company.

Now....Mr. "I'm a Trial Attorney".......Come at me with something a bit stronger or SHUT THE FUCK UP. :321GFY