No, iBill slammed our balls in a desk drawer; they did nothing to educate or inform. The big difference is we did not get out of this space, ever.

C

Are you still stuck on that "Ibill can't be hurt" mentality?:1orglaugh

Technically this is true but you make it sound charitable when in fact your "hopes" were all so obviously not. C'mon why not just admit that iBill's turn of events was something that Paycom relishes and will at every possible opportunity capitalize on?

What you are doing is overall good for your business, I will admit that. What bothers me and I think others is that you always try to make it out like your really supportive of iBill and really truly hoping for the best for them. Riiight. That makes you look like a poser, you should stop that bullshit and just tell it like you really feel. You did that in your last post finally except for this last fake part.

You forgot to mention something Clay. It's only if these chargebacks over the 1% happen for a couple of months. If you go over the 1% / 15 Visa chargebacks for just one month, there are no fines and you will not be placed on a TMF. It's only after a couple of months when it's continuously over the 1%.

Tony,

We are not talking about missing payments. We are talking about a company who has no other alternative but to insist that all of their clients get their own merchant account via an agreement that does not include them.

Has anyone read the agreement? Who are the parties to the agreement?
The Bank ...You the Merchant... And A Company in Texas.

Does this not concern anyone? The entity you are holding on to is not even a party to the agreement you are signing.

Our clients need to be informed, as they will be, before they are lead over the edge of the cliff.

Clay
EPOCH

If you think I kiss ANYONE'S ass, you clearly don't know me. I suggest you keep personal attacks to the people you actually know.

This is business, tony, not a family picnic.

I am not stuck on anything , I picked a team I will stay loyal to that team at this point. I dont live processor check to processor check. I dont know Chris , I hear goods things about him but if he is so sure ibill is going down the drain. Why not just sit back and let it happen, instead of taking shots it cheapens a image that always sounded pretty sterling.

If they are your clients they arent processing with iBill. Remember Chris made the statement a while ago you cant have iBill and Epoch ?

Your telling me its business ,they have my money not yours.

It's time to look around for a liferaft dude.

http://www.galttech.com/screenshots/titanic2.jpg

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.