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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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Old 10-05-2004, 01:04 PM   #1
tonkagunner
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what happened to ibill

What is the deal with Ibill? I hear all this crap about them going around, but nobody has simplified what happened.

From what I understand, they lost their merchant account or are going to because of a problem with First Data.
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Old 10-05-2004, 01:12 PM   #2
media
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Location: Eugene, OR It's Like Jail, Only with Trees!
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First Data didnt renew contract, iBill lost millions, ibill got worried, tried to make restraining order, judge denied.. they got worried.. Then they got a new bank.. webmasters are waiting to get paid.. they start processing visa soon again.. still losing millions
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Old 10-05-2004, 01:15 PM   #3
Johny Traffic
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whi knows, but they are still in business
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Old 10-05-2004, 01:17 PM   #4
tonkagunner
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Quote:
Originally posted by media
First Data didnt renew contract, iBill lost millions, ibill got worried, tried to make restraining order, judge denied.. they got worried.. Then they got a new bank.. webmasters are waiting to get paid.. they start processing visa soon again.. still losing millions
Interesting. I wonder why First Data didn't renew contract. Maybe they want more money?
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Old 10-05-2004, 01:18 PM   #5
69pornlinks
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^^^^^^
i think becasue adult is very 'chargeback' happy
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Old 10-05-2004, 01:20 PM   #6
Tipsy
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Quote:
Originally posted by tonkagunner
Interesting. I wonder why First Data didn't renew contract. Maybe they want more money?
There was never any intention to renew the contract as such and iBill was fully aware of that. It was more a case of the plug being pulled a little earlier than they were hoping for.
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