iBill charges $1500 for VISA processing
 

Just got the news from my iBill rep. Didn't see any posts about this. Am I the first one to receive the new agreement? Read on:

Bad news:

It's going to cost $1500 to process VISA again through your merchant account.

Good news:

They can pay you every day.

I'm going to think this over a bit and might switch processors completely.

Does this have anything to do with Epochs discussion tomorrow?

1500? :eek7 again

So they're charging YOU for THEIR fuck up?

Use Epoch and CCBill :winkwink:

So what do you lose if you DON"T accept Visa? Are you really screwing yourself if you try to run a paysite without it?

I'd say close to 75% of your sales.

Ditto...well I'd say more like 85%

:winkwink:

Ivy

Dont most people have visa and mastercard these days

I have Visa and Discover. No Master Card.

1500$ ? fuck ! That's so much $$$ !

Yep:thumbsup

if you cant accept visa,better not operate a paysite. You'll make more money by sending to all the rest that accept.

If this is true, that means iBill wants everybody to pay $1,500 for a merchant account (it sounds like a merchant account to me) and 15%. But you don't have access to your customers data (such as credit card numbers and such) in case you want to take that merchant account and use Netbilling as your gateway instead. If this is all true, iBill is the biggest rip off in this industry. They're looking as sleaze as Seth.

sounds like the cost of buisness














commonly known as extortion

If they want $1500 why not go to netbilling and set up you own account you will have more control . Why trust in a company like Ibill who still has not paid out what it owes webmasters . Get you data base back from IBILL and go to CCbill or Epoch.





.

That's how worldpay operates. From what I understand Ibill is the middle man for you and the bank. Normally in order a bank to give you a hripsp you should have a good record of past transactions and a huge volume. I assume these requirements now would be more flexible through ibill.

is that even possible?

Sounds good. How do we do that?

wonder what sincity is going to say - hes been promoting the hell out of IBill thinking they will keep their word on paying out shortly on Oct 8

It isn't 100% set in stone, YET..

They are having a meeting about this and other issues today, according to my Rep, who is finally back in the office...

He said, it LOOKS like the $1500.00 is going to be the case, but until after their meeting today, they won' tknow for sure..

wtf

Ibill never said they would pay out the 8th. You are getting your dates confused, which is easy to do considering all that's going on.

you really don't have a clue huh

$1500 to process Visa again, they're insane.Ask them why you should pay for their fuck ups.

Who here really needs daily payments or really trusts them anymore?

Better ask for some good reasons why you should stay with them, daily payments aren't one in my opinion.

lets see some checks already

I have 3 Visa's, no Amex or MC.
I don't know many people who have MC come to think of it.

WG

Not necessarily in that order. :)

I'm pretty sure it's $1500 on top of your own merchant account. :helpme

What a joke, anyone who stays with them is fucking crazy.

I have MC. :Graucho

fucked up..

what percentage of rebills do you think would be lost if you moved your db from one processor to another?

I would it assume it to be pretty high considering you will be billing them under a different name.

Im also wondering whats the difference between the ibill merchant account and one from say Netbilling. Can we start with ibill get the client db loaded and then haul ass?

That's where good customer service on the part of the Website owner comes into play..

We had this problem happen when another biller went under. We simply sent out an email to all members who had signed up under that processor, and told them that there woudl be a billing descriptor change, and told them why, and if they wished to cancel their account, to write us back..

We got a very good response, and overall ended up processing almost 75% of the rebills, with no chargebacks / credits due to it...

My rep sounded pretty sure of the $1500 to tell you the truth, said nothing about any meeting or anything.

Yes, it's going to be $1500 for everybody with a merchant account wishing to process VISA. Unless you're able to negotiate some kind of a deal with them that is and make them cover some of it. Not sure if that's possible though.

About getting all the user data out from iBill for your move to another company: don't bet on it. I don't really see that happening.

Pretty sucky day all in all.

Yes, that should work out pretty good. Better than starting from scratch with your rebill list anyway.

You are full of shit. You can't move your customers from one 3rd partybiller to another...

sorry my friend, reading the IBill thread on page 6 - that is where the promise of oct 8th came from.. i'll read it over again, but more than likely a IBill spin off, tell some they are getting paid to hold them off.. while the others sink..

You can contact your rebillers and tell them what's going on and how they easily can extend their memberships. Just good business sense in doing so. Personally I wasn't referring to moving any data from one processor to another and then call it a day.

You guys are all USA Merchants, right?

It's an easy mistake to make, and maybe I'm wrong. The date of the 8th was the target for getting their Visa processing working again.

EU/affiliate payout targets were this week. That would be Friday drop dead date if they were able to pay this week. But I don't think they used a date on this announcement.