50 Merchant Accounts:)

damn you!

Tony404 and Shap:

This is becomes our business when the information that iBill is putting out there is potentially damaging to our client?s business and us.

I am not waiting or hoping that iBill will go down the drain; they are down the drain - as a HRIPSP. Maybe they flushed themselves, I don't know.

What I do know is a bad business model when I see one. It is just my opinion and that of my partners and many other people outside of these walls.

As for the comments about my not be genuine when I expressed hope for iBill a few weeks ago; that is just not true. I have fought the same battles and I know how tough they can be. I was truly hopeful that they would win. Not because I love the people there but because it would possibly help our business one day. So was it selfish, probably, but that does not make it automatic that I wanted or hoped they would fail.

Anyway, you won't change your mind and neither will I. I respect your right to disagree; respect mine and we are cool. I just want people to make informed decisions.

C

i try:)

Good luck! :thumbsup

Clay/Chris, Thanks for the info and I agree with you on this 100%

I wish there was an over/under on people US merchants getting paid by Ibill.

I am taking the OVER in tonights football game!!


thats how i'm going to get paid:thumbsup

We are cool and like I had said before you come to Atlanta lunch is on me. You can ask Rick I'm good lunch company.:) I guess I am little different because monthly memberships isnt the only thing we make income from. Kimmykim told me a year ago to diversfy and I listened to her, she is a smart lady. I am a italian guy from NY , I was taught the importance of loyalty , the same loyalty I would have given you if the day we decided to go pay 4 yrs ago we picked Epoch. I know you can appreciate that. The ibill contract has been reviewed questions answered , I feel its the right choice for our little company at this time. I believe in iBill , they have always done the right thing by me.

The only reason I am bothering to comment on any of this is our experience having an account closed by FDC. Like Ibill we were notified with six weeks advance notice. In that six weeks FDC impounded a significant amount of our revenues as a reserve against their risk of chargebacks.

Before the six weeks were complete we had an new account and shifted our processing. We are nothing compared to Ibill in gross sales. I must ponder why Ibill did not have a contingency plan for their processing and why they think FDC will not retain a reserve for several months.

I guess they could offer a lien on real estate or negotiate something else to free up cash, I have no inside knowledge.

What bothers me most as a neutral outsider is that they do not have the cash reserves to pay their clients. They should have had a reserve of their own for this type of calamity.

Ibill had a LOT longer than 6 weeks but decided to leave it to the last minute (or were unable to get alterantive banking) and paid the price. They may have been screwed at the end but the writing was on the wall for a very long time and they had loads of advance warning.

Tony a lot of us understand the loyalty thing but there comes a time when you just have to face facts.

Right now you look like a guy who is barracking for a football team that's in the National first division but is about to be relegated to the 3rd grade local town competiition.

At that point futility sets in.

What is the suggestion? That Tony cancel all his rebills at Ibill?

:1orglaugh NO.

Please explain to me what trashing them will achieve? Will it get me paid faster? Will it gain the respect of my peers , showing that as soon as things get hard I become a turncoat?

How about not allowing a company to fuck you over yet still receive your business?

I understand mor than you know. Mullberry Street for 14 years :)

I respect loyalty and your thoughts.

I love the ATL and will take you up on lunch.

C

Tony, you are an idiot

After ibill puts their balls under the guillotine by making a public "our fate and ultimate demise is hanging by the thin thread of this judges decision" statement and then LOSE, you make it sound as if this was all part of their clever ultimate plan

they dont have a merchant accoutn to process Visa, they have fucked thousands of webmasters and lost then hundreds of thousands of rebills. many people rely on this income to pay their mortgage and put food in their childresn mouths, do not forget this. gone. period

you are pathetic and i cant belive that you expect ANYONE to believe the bullshit that flings from your fingers

Clay,

We have thousands of merchants and every one of them has their own merchant account. None of them has ever received a fine for having more than 15 Mastercard chargebacks. Our merchants are doing fine and some use third party as a backup, most do not. It is very easy to keep chargebacks under 1%. We do it consistently, just as you do.

Our merchants save money and maintain control, period!

hmmm 4 posts , I really take you seriously lol.

Tony they have been hard for a long time - it's not as if it were something new.

And there is a difference between trashing them and accepting reality.

Seems to me that there is a good chance iBill have already done that for him

tomorrow morning when i wake up, i may have 5 posts, i may have 10, i may have 50

however, whne you wake up you will still be a delusional idiot swinging from ibills balls

A long time? I have been paid ontime for over 4 yrs. This is the first time. Thats not a longtime.

Why are you attacking me ? Are you that scared about your future that attacking me makes you feel better?

Nobody is questioning your Risk Management or your abilities Sarah. Period.

But I have a question: Is there a rule about 15 chargebacks being a threshold or not?

If the answer is yes (and I am 110% certain that it is), then your experience is fortunate and / or lucky and / or your relationship with MC is very strong.

Can you guarantee that a fine won?t be levied? I know you can?t. And as we all know this is not a predictable business; so why throw those that wanted to go 3rd Party (and in fact were in a 3rd Party IPSP solution until iBill changed their model) into a situation where this could be a death sentence?

To me it just doesn?t make sense given the series of unfortunate events of late.

C

tony, i am not attacking you at all, just some of what you are posting seems so silly, ibill admit that they screwed up and the penalty may be enormous for their clients. but your posts, especially the one that i quoted above, are just idiotic, i could not belive that anyone would try that type of spin

dont attack my post count, i wont attack any reasonable posts that you make

If Netbilling can do it, why would Ibill not be able to? Chris, you already scared the hell out of me when you suggested Ibill was processing offshore. If Ibill is leaving the ISPS space, then that should be more business for you. We will get clarification on the issues you bring up, and if the risks are too great, we will do what needs to be done.

Tony, if I ever have to go into battle, I want you at my side. You have no reason to turn on Ibill. If they intentionally lie, cheat, or steal from us, we will chime in with the rest of those that are running them down. Until then, we have no choice but to take a wait and see approach with them. I for one want and need them to succeed.

We all need them to succeed in one way or another. That is clearly not the point. The point is some people need to take off the blinders and look at the cold hard facts that have been laid out in front of them.

The problem is separating cold hard facts, from grinding axes, speculation, and just basic trolling.

please have Amparo contact me... i have tried twice with no success... 1 6 3 0 6 9 1 6 7

Most of the information is public.

its funny... we only have a 1/10th of 1% chargeback ratio for this whole year....

Ibill is running off to the bahamas with our money?

Most of the things posted here are speculation.

If a person has processed with them for many years and has many rebills with them, then most of what we are hearing here is, haha they are going down. Better not use them, since they are not ISPS or you will ruin your business. they are processing offshore, which is gonna screw you. We told you two years ago when they didn't pay us for web900's when worldcom went down to leave them.

So whatever the slam du jour is, we just have to hope that they will pull it out of the mud. If you guys wanna celebrate, then go ahead. Most of the people doing the slamming are not long-time Ibill clients, I am sure. And if they are, they don' t have much skin in this game.

facinating thread

Why posting this ?

Are you afraid of something ?

Before posting unusefull message on GFY why don't you just answer Emails your customer/possible futur customer is sending you ?

I tried to reach you guys a couple of times the past 3 years. I never got one single Email back ! WOW ! How impressive !


I now have my own merchant account and I am very glad with it.
My chargeback ratio is 0.09%

My feeling is that you are afraid that people go for merchant account instead then going with you guys... Considering how is your customer service, it is not a bad thing.

interesting, I'd be careful about schadenfreude, it seems to be the trend that visa/mc are making it tough on the third-party billing model...


If you have processing through a third party and you still accountable for the cbs you generate under their processing?

If so, why would you stay dependent on the solvency of that third party?

What say do you have on what tactics they allow from their other merchants to participate in?

it just doesn't add lup to me.

I seems that going with a 3rd party billing company is more of a death sentence than to get your own merchant account. If a company got their own merchant account, but couldn't keep it under 1% for a couple of months, maybe that company should get fined and put on the TMF for running such a bad business. I have my own merchant account and it isn't all that hard to keep it under that 1%.

It sounds like your just trying to scare everybody from getting their own merchant account, when getting your own merchant account would be the best thing to do with what is happening with these 3rd party billing companies. Not only would most companies save money with their own merchant account, but they would have more control over their customers and money (especially with daily deposits).

Here are 2 companies that can help people get a merchant account.
http://www.netbilling.com
and use their system or
http://www.msusa.info
and use
http://www.paywide.com

I totally agree. We use Netbilling primarily and Ccbill as a backup and we have never been over 1%. The 3rd party processors have to keep you under 1% as well so what is the difference besides paying alot more and waiting for a check?

Z

Fact is everybody in this business longer than 4 years
using 3rd party billers lost money somewhere.

Fact is merchant accounts impose a certain risk but at
least you have control over it and i predict that within a year
it will be the only way to process because the whole 3rd
party model is dying. Not many left and Visa and MC always
come up with new surprises.