SegPay
 

Hello I am doing some research on segpay as a backup processer.

I learned that the executives of IBILL back when it crashed, jumped ship and started up SegPay

Did they jump ship because they are responsible for what happened and are starting a new biller only to repeat the process ?

Did they jump ship because they did not LIKE the way ibill was doing busines s and wanted to start their own and do it right ?

Please give me any information you know that is factual and not just do a ibill flaiming thread since we know that they are crooks

i wouldnt want to touch anything that had any ties with ibill.. but that's just me

Segpay does not deal with US companies - You must be located or incorporated in an EU country
What Losers!

Actually no you dont.

I am in canada and they willl process

Thats a concern too. if they are Executives that "ran" off with the money to start something in the EU, then by denying USA corps to bill through them may be a way for them to be protected if they decide to run again

hmmmmm

Bump........... for more info!

Do a search. :winkwink:

I am not sure they will - I unintentionally signed up thinking they were a sponsor and here's the response I got


"I just received notification that you completed the first steps of the online sales agreement however in order to utilize Segpay?s billing solutions you must be either located or incorporated in an approve EU country. At this time, we are unable to work with merchants located in the US. Do you have an EU address/corporation? "

ahh ok.. ya my partner is in the UK

but why would EX ibill executives setup shop in the EU

Am I being paranoid ?

yes, they are old ibill employees who ripped off everyone then jumped ship and formed segpay. and they will do it again with this new company. do not go with them what so ever. you've been warned

That is a completely inaccurate statement. You either do not know what you are talking about or have an agenda. The former iBill employees who started SegPay did not rip anyone off. The owners of iBill that took money out of the company, are now the owners of IBDI (and still own iBill).

They are in the EU because a US IPSP merchant account is not easy to get. That is why iBill went down and there are only 2 real US IPSPs in the biz.

Mac i know you had some inside knowledge of ibill from employees you knew on a personal level but We both know that former ibill employees lied to webmasters .Whether they did it because they needed there bi-weekly payroll check and didnt want to get fired , because they were getting fat commision checks for every day ibill was stil open OR both the fact remains that at the time IBILL <not now> consisted of more than just 5 letters.Letting all the blame fall at the top of the food chain seems a little shallow to me.I know account reps and support got tons of emails and phone calls from webmaster who were losing there buissnesses cars and homes but they still re-assured them with broken promises and lies that they themselves knew not to be true yet the went along with con anyway.IF you ask me the former employees saw what there bosses did ,learned from it and are now looking to get rich just like the old ones did, by assuming no repsosibility and stealing there way to retirement. Fuck Segay and anyone who uses them is a fool :321GFY :2 cents:

Anyone that ever answered a phone at ibill and said "can i help you" can go fuck themself in the ass with a saw-zaw:321GFY

I met Kristi and Cathy from SegPay at the Phoenix Forum....they seem like solid people

from what im told the peopel at segpay were the "good" people at i bill.
365 billing i believe and dont quote me on this has also alot of former i bill cronies. 365 bill has a domestic merchant account, seg pay doesnt. Im not insuating anything, but if you cant get a domestic merchant solution in the billing business.... well..

Duke

How bout changing your handle to DAVESNOTTRUTHFUL. I wish I had a dollar for each mis-statement you have made on these boards. The executives who have the clients' money at iBill are still at iBill.

extremely well said!

aww...are you a segway scamming employee that i hurt your feelings???....you and your company can go fuck themselves

You couldn't make more than $12 then. :1orglaugh

does segpay have something to do with the segway?

2 wheeled payment processing yo

Re
 

Opened an account with Segpay, not using it now as I'm way satisfied with CCbill and Paycom.Anyway well organized and supported business. The info I got: the core of the Segpay coming form Europe and have nothing to do with Ibill(however maybe some employees of Ibill got jobs in Segpay).

where did that info come from?

Re
 

My business partners.

I see.

I don't know if i'd feel comfortable using segpay until I knew who were the higher ups

My guys is offline now, I will ask tomorrow for more info and let you know.

THis is in the realm of rumor, but SegPay's whole gimmick is that supposedly there's an independent, third-party nonprofit that gets the funds and pays out, so that SegPay can supposedly never rip anyone off.

Problem is, from what I heard (not confirmed) nobody had ever heard of said so-called independent 3rd party agency, and some investigation showed it was owned by the same folks as SegPay.

If that's true, regardless of how good SegPay is or is not, the gimmick is deceptive as hell, and I'd be uncomfortable doing business with a company that was deceiving me at the git-go to try and earn my business.

Anyone with more details to confirm or deny, feel free to correct me.

I have always wondered the same thing about that setup they have. How can they prove it

Why don't you ask SegPay?

What "gimmick" are you referring to? The principle of third-party monitoring is operated by a few TTP's within the EU. It's also a principle which is severely currently lacking in TTP's within the US, - especially considering the volume of transactions some "leading" processors handle.

BTW SegPay is an EU IPSP and only handles business from EU individuals or companies with a presence in that banking region.

I would avoid them until they at least build up a solid rep. Even then though, ibill has left a bad taste in plenty of webmasters' mouths.

isn't this the same "gimmick" that iBill introduced along w/ GKard during their post-2004 foray? sounds truly familiar... TOCCATA or something like that? i would be extremely concerned if this is the same supposed *impartial 3rd party*..

The relevance of a "solid rep" based on verbal and the usual webmaster assessment "because I've deal't with them for years", "X has a good rep in the adult industry" and "they always pay" really means nada.

Any business has two ways to go - up or down, - they never stand still.

Possibly a more relevant measure of "rep" in a TTP is when they have implemented some form of third-party monitoring to provide security of clients funds in the event of their demise.

In fact, I sure as hell would not deal with any TTP unless they did have this in place - irrespective of their "rep". Rep counts for nothing when a liquidator takes over.

Every processor on the net, whether they deal with adult or not, should already have adequate provision and security for client funds.

Not my place to say chupacabra :), I'm sure SegPay can speak for themselves since I don't know the inner workings of their biz, but do know many webmasters should be and are, extremely grateful for the intervention of TOCCATA and individuals involved in that company.

bump

more please

I agree Markit...bump

hmm from what I can gather MacDaddyPlaya seems to have the most inside information and does not look like he is speculating.

Most of the posts are about what they think segpay is or what the feel segpay is doing, etc.

Third party billers are becoming harder and harder to come by and I just hope SegPay is a breath of fresh air.

DieselAction v3.0 will have Segpay as 2nd processor on cascade and this was a decision taken after research.

That throws a spanner into the works, interesting

NOT rumour...Segpay uses symetrexx they are the supposed 3rd party non profit middleman that your referring to ..just so happens that IBILL uses symetrexx for GKARD payments :Oh crap And as far as there not missing payments becuase of this 3rd party im not so sure that can be trusted.. IBILL hasnt tpaid reserves on GKARd revenue that was going through symetrexx after saying they didnt touch webmaster funds:2 cents:

Segpay are good people

Agree gooddomains.

There is a lot of speculation over SegPay - and unqualified bullshit. As will most companies, it's not the company that matters - it's the people behind it and the cred they have.

Let's put it another way :) The folks behind SegPay have far more banking cred and experience than iBill ever had and have proven themselves to be more than honorable already.