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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 |
Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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iBillEU/INTECA Settlement
This may please some EU webmasters a little over iBill - just a little
![]() Check your email and you should find a communication from INTECA regarding reconciliation/payout of iBill's debts. If you are a client of iBillEU and don't get this - contact INTECA at http://www.inteca.org and prompt them! Meanwhile all US webmasters have still no news - unless anyone has some results of meetings today they want to share?? :-)
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#2 |
Purveyor, Fine Asian Porn
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Join Date: Jul 2004
Location: San Francisco Bay Area
Posts: 38,323
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Could you elaborate as to what the deal is...
...or are you just trying to get people to e-mail INTECA?
ADG Webmaster |
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#3 | |
Too lazy to set a custom title
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Quote:
All clients of iBillEU "should" have an email requesting confirmation of debt up to 2005 Feb 28th and it "appears" there are funds being held in EU banks to be paid out. Still no news on the US end yet.. sounds like that "may" come tomorrow unless there is information leakage from iBill. I smell the US end is not gonna be good... but fingers crossed!
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#4 |
Confirmed User
Join Date: Apr 2003
Location: Europe
Posts: 1,036
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To iBill EU merchants
You will have received notification from iBill of the planned role for the International e.Commerce Association (Inteca) to act as the trusted third party in bringing your account up to date and ensuring you receive all due funds in the future on your iBill account. This agreement is not final as yet, but we believe it can be completed very soon. In order to not delay the settlement of your funds, we are asking all merchants to reconcile the amount due to them as at the end of business February 28th, 2005. We will provide each merchant a unique password with which you can access the data in this regard. You will also see the release document that will need signing in order for the funds to be sent, via Inteca, to your bank account. Please respond to this email with your iBillEU sponsored merchant identification number (SMID) and we will send you a password. We will give you further information as to the payment terms as you confirm the balances due. Sincerely, International e.Commerce Association (Inteca) http://www.inteca.org |
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#5 |
Too lazy to set a custom title
Join Date: Oct 2002
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Thanks Claude! I never actually saw the email yet - just a message by phone from EU!
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#6 | |
Purveyor, Fine Asian Porn
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Join Date: Jul 2004
Location: San Francisco Bay Area
Posts: 38,323
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Quote:
The last I heard regarding the U.S. side, is that the First Data money issue is almost reconciled and that funds will be paid electronically to the individual clients from a 3rd party (not iBill). This sounds similar to what is happening with Inteca. The other past due money owed will supposedly be handled seperately, although also likely through a 3rd party. What remains to be seen is whether we will be paid a lump sum or in installments. Hopefully, the latter, but at this point I will be somewhat happy just knowing what to expect. ADG Webmaster |
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#7 |
Etology Project Manager
Industry Role:
Join Date: Aug 2004
Location: NoneOfUrBiz
Posts: 1,001
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I hope we US webmasters get some sort of good news from ibill soon. I'm running out of patience with ibill and I'm sure all of you US webmasters who used or used ibill are the same.
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#8 | |
Confirmed User
Join Date: Jul 2004
Posts: 1,435
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Quote:
doing next week - just got off the phone with them. No details - hope it is good news as i am pissed.
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#9 |
Confirmed User
Join Date: May 2004
Location: South Florida
Posts: 4,134
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the only news I care to hear is them depositing cash into my bank account.
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#10 |
Confirmed User
Join Date: Aug 2002
Location: Clouds with Carebears
Posts: 7,954
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hey webby hit me up if you're around
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#11 | |
Too lazy to set a custom title
Join Date: Oct 2002
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Quote:
There may be a lesson in this for all third party processors in that they do need some security for webmaster funds and it's better this is handled via some third party arrangement or maybe some insurance deal. First Data may have started this iBill problem, - tho with good cause and advance notice to iBill management, - but at least they are not bending in handing over funds direct to iBill and US webmasters have some chance with this.
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#12 |
Confirmed User
Join Date: Oct 2002
Location: European Union
Posts: 1,752
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How do I know how much they owe me up to the 28th of feb. ?
Total processingsum minus processingfess minus holdback? |
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#13 |
Confirmed User
Join Date: Oct 2002
Location: European Union
Posts: 1,752
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And are they asking only for a reply with merchant ID or both merchant ID+total due funds?
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#14 | |
Richest man in Babylon
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#15 | |
Etology Project Manager
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Join Date: Aug 2004
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#16 |
Confirmed User
Join Date: Oct 2004
Location: USA
Posts: 817
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On another board it was stated that ibill will make a CMI update today. Not sure if it will include US though. But since it's after the 1st and the 6 month period they may.
*Krystal* |
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#17 |
Registered User
Join Date: Jan 2005
Posts: 84
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yea, the us update will state, 'Check back 4/1/05, we should be in somewhere overseas on the beach with your money by then. We'll post pics.'
in the words of public enemy... burn ibill burn, i smell a riot going on!! |
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#18 |
Confirmed User
Join Date: Jul 2003
Location: This was my wife circa 2002
Posts: 6,760
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I only have 9k owed. (Not counting on it) There are programs out there owed 20-30 times that. Wonder if deals are being made under the table to settle those, while the smaller amounts are being used. If I was owed 300k I would not be sitting here "chatting" about it and hoping for the best; there would be lawyers involved.
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#19 |
Registered User
Join Date: Jan 2005
Posts: 84
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they owe me about 18k and i had a deal with them to get paid on 2/28 but they backed out of it after they sent me legal docs and all was signed.
now i hired a lawyer.. and im sueing for damages so the total i am seeking now is over 30k |
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#20 |
Too lazy to set a custom title
Join Date: Oct 2002
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Ok iBill management.....
First.. and I know ya read all this stuff, let's kill the crap!! This is quicker than waiting for any response from you on anything via email. Second - let's see you make an "update" on the CMI. You have already advised webmasters to deal with INTECA. I trust that name will be introduced on the CMI - or are there any second thoughts??? Think on it. Can you also explain who INTECA is that gives any credibility to show this "org" can be trusted as an intermediary on any issue? Can you also provide the names of the officers/president of INTECA and contact numbers? Can you also provide a physical address for this "org"? Can you also provide a telephone/fax number? Can you also explain why almost all information concerning this "org" has obviously had attempts to make it hidden? Can you explain the relevance and involvement of folks at Deerfield Park and INTECA? When was the last financial statement produced by INTECA and where is it? Within what jurisdiction does INTECA claim to be operating in? In summary.. don't even try to post some shit update with more bullshit unless you can fully suppport every claim in this and, rest assured, others are currently investigating "INTECA" to establish some truth. PS BTW .. How is "Doctor" Molina? In good health?? :-)
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#21 |
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Location: USA
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Depending on what you signed you may not be able to do anything. Getting a lawyer now may be a waste of your time. Hopefully you had a lawyer look at the paperwork BEFORE you signed it.
*Krystal* |
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#22 | |
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Quote:
There is no agreement you can make with iBill that will be fullfilled by them. Nothing is "legal" when it comes to iBill.
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#23 |
Registered User
Join Date: Jan 2005
Posts: 84
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well it read that as long as they paid me, i couldnt sue. well they broke that clause when the first payment was due.
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#24 | |
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#25 | |
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Quote:
OK hear ya! I strongly suggest you forget all that crap and contact the police and give em copies of all paperwork. This, and plenty more, is not any civil matter. Also.. contact the Florida AG and give him copies - BUT... like immediately, it's a police matter.
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#26 | |
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#27 | |
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Quote:
Sorry to hear this Joey... This has happened with many people now. iBill knew they had no intention of honoring any arrangement. There is also another load of shit going on in the background. I'd seriously suggest you pass this to a fraud officer.
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#28 | |
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Quote:
thanks |
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#29 | |
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Quote:
You are only one person.. there are many!! Plus.. there are more serious and blantant things going on as well - more deception. Hell man... I would not flinch from contacting law enforcement - chances are, the person you end up speak with is already familiar.
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#30 | |
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Quote:
The AG's office is damned slow to act... but I'd let them have the info. For immediate action, I'd deal with the police - partly because time is meaningful and also this info will get collated with other stuff.
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#31 | |
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#32 | |
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#33 | |
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Quote:
BTW... If ya end up with some dumb officer - tell em to contact the AG's office for futher info! :-)
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#34 |
Confirmed User
Join Date: Dec 2001
Location: NY, NY, USA
Posts: 131
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Exactly what charges are you hoping to see?
I'm pretty sure you signed a contract that says if they don't get paid you don't get paid. Someone will have to pierce the corporate veil to prove fraud, chapter 11 way before that happens, yawn yawn etc. I highly doubt they're all down at the beach sunning themselves. The banks have held their funds (which was most likely their fault in the first place), and they're hanging onto them until they feel better or hell freezes over, whichever happens first. I'm really sorry you lost money, but your energies would be better spent earning some more. |
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#35 | |
Registered User
Join Date: Jan 2005
Posts: 84
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Quote:
they are processing peoples cc's yet and not paying the rightful people. i cant understand how a company can openly steal and all the complaints to the AG and still nothing.. |
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#36 | |
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Quote:
At the moment... at a guess... 4 main charges and *many* counts on each - but, the story has only just begun. It's far too early - every damned paper ya lift has another can of worms underneath it - I can see this shit still going on after iBill has hit the dust.
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#37 | |
Confirmed User
Join Date: Dec 2001
Location: NY, NY, USA
Posts: 131
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Quote:
It's not theft for a bunch of reasons, none of which you're going to like. The bank is holding it, not them, so there's no posession of anything stolen. If they still agree that you're owed the money, then it's a debt, not a theft. Last, you're just another payee on the list to them, so using any money they do have on something else means you're just down the list on priorities. It sucks but when you have $100 in the bank and two people owed $100, it's not theft to only pay one of them. Of course it sucks when you're #2. On the other hand, just to be fair, they could be guilty of everything from wire fraud up. Just don't think they could help you if they tried right now. |
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#38 | |
Confirmed User
Join Date: Dec 2001
Location: NY, NY, USA
Posts: 131
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Quote:
For the webmasters out there, getting slammed with criminal charges won't do much good. The Feds will raid the place, confiscate everything, they'll file for protection, the lawyers will seize all the money and put it in their pockets, the webmasters won't even see 10c on the dollar if they're lucky. This whole damn mess was avoidable, that's the tragic part. Let's see what rises from the ashes. |
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#39 | |
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Quote:
Companies without funds and a list of creditors are ten a penny and that is just the risk of trading. iBill stepped outside that category on several occasions.
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#40 |
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Mmmm.. Others seem to be getting the clue as well now...
http://boards.xbiz.com/showthread.ph...399#post215399
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#41 |
Registered User
Join Date: Jan 2005
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thats great... i just talked with AG of florida.. only 9 of you fuckers have called.. 9... well 8 not counting me.. thats unreal.. do known of you guys care??
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#42 | |
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Location: NY, NY, USA
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#43 | |
Too lazy to set a custom title
Join Date: Oct 2002
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Quote:
Hell.. I don't want to see another processor hit the dust.. but knowing now what I know and have seen about iBill and "associated" people - they seriously need throwing in jail. I'm not saying that flippantly. It is not in the interests of the webmaster community to have these people floating around throwing out bullshit/deception while transacting other people's money. Banks already know this and have ceased dealing - that was all for valid reasons.
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#44 | |
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Quote:
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#45 | |
Registered User
Join Date: Jan 2005
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Quote:
there are not enough people to warrant them even looking into it yet.. what a joke.. all these people bitch and then they never called.. |
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#46 | |
Too lazy to set a custom title
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Quote:
I'd like to see an iBill "update" first, tho they have confirmed by email that it is correct that webmasters deal with INTECA - but better to wait for the "official statement" ![]()
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#47 |
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Join Date: Nov 2002
Posts: 2,300
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Bump de Bump..........
I need to talk to you too buddy....Webby we are looking for you Hit me up on ICQ : 134901041 This is Important! |
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