iBill to release $21,000,000 in payments
 

Interesting article on AVN regarding iBill

IBD Will Make Initial Payments to iBill Clients

"Interactive Brand Development (IBD) will start making First Data Bank payments this Friday in what it hopes will be the biggest statement yet that the company is intent upon pulling a Lazarus act with payment processor iBill."

....

"Gone are remnants of the old iBill, including former president Cathy Beardsley and transitional president Charles Prast, whose last day on the job was April 4. Added are in-house legal counsel and an advisor dedicated solely to working out settlements with webmasters."

Seems to me like the new management at iBill is making serious efforts to regain confidence and improve the condition of the company. The proof will be in the pudding this Friday...

I'll believe it when i see the cash!


L$

Even if they do repay everyone in full, would you trust them in the future?
WG

good news.

sig spot.

Yes.http://sexy-celebs.net/hotlink/dot.gif

they are dead
the fucked up twice already... they were forgiven once and fucked up again

everyone who puts trust in them again is a moron

That's a good question. I'm not sure of my answer but I would consider using them again if they paid everyone in full. It seems to me that if they paid everybody in full that they probably did not intend on 'stealing' the money but that they did everything possible to keep their business and their clients business. From what I've read, the cause of Ibill's woes was mismanagement and bad decision making. What company doesn't have a backup merchant account when they know their current one is going to close? When First Data says we're getting out of adult processing in a few months, you look for an alternative.

Assuming they have new management and pay in full, I would give them a chance. It's my understanding that other processors had issues with paying at one time or another and that didn't stop people from using them once payments came thru. Some of those are now the leaders in the processing sector.

hope its true.....

Never say never because 12 months is a long time on the net.

i'd take the 21 million and then move to siberia

Problem is they totally fucked all of the affiliates too and are offering them absolutely NOTHING. They leave it up to the program owners to payout the past due monies to the affiliates out of their settlement monies, which they wont even see for 2 years.

I don't understand how or why ibill would go through all this trouble to say we've cleaned up our act and turned a new leaf when they are STILL witholding affiliate payouts even though their being deducted from the master accounts.

Agreed!!!

Once I see the money I'm owed since last year on affiliiate sales I made for several programs they can kiss my fuckin' ass. They keep rebilling surfers and paying the program owners (mostly) but they keep our (the webmaster) 50%? :321GFY

just keep getting fucked over with them, glad I'm not owed a shitload of money

well i wish them luck.

I'll never trust them again.

Exactly...

Hell no :helpme

Exactly, who knows in 12 months time they may be the only third party processor still going, you never know. If they paid everyone up, I would think within a few months they will be exactly in the same position as they are now. Including small sites and even the big sites

How's that expression go...
Fool Me Once, Shame on You.
Fool Me Twice, Shame on Me.

WG

Same position as now? You mean oweing more money to webmasters and handing out promises with another company promising to take over and fix things?

I found this line kind of interesting...

IBD, which also owns 35 percent of Penthouse and 25 percent of XTV

The XTV posters on here were denying any connection between iBill/IBD and XTV. This article could be incorrect, but it seems to me like XTV and iBill both funnel up to the same entity.

I can forgive the problems with the payments (if they do end up paying) but what I cannot forgive is their lies and their arrogant attitude about it. They bounced close to $10,000 in checks to me and told me to mail the checks back to them and they would be reissued. After I mailed the checks back they told me they would be reissued on the next payout, and we all know there was no next payout. I ended up filing a complaint with the Broward County bad check unit and just as they were about to file felony charges against them they reissued the checks.

As far as this settlement they are offering. My Attorney looked it over and she told me there is no reason whatsoever to agree to it. They owe the money either way and by signing it you are waiving any legal rights. I also want to know what happened to all the money from the hundreds of affiliates we had over the years that never hit the $50 threshold and were never paid. For some reason Ibill thinks this is their money.

Then get it taken away like candy from a baby.

all my fucking affiliated rebills are gone !!!!!
Most sponsors have transfered them to another processor and I have got $0 !!

This shit has cost me a lot of money.

Agreed , Once burned twice shy :2 cents:

Exactly what I was thinking :thumbsup

I defintely hear you. It would take some pretty intimate knowledge of the new ownership for me to feel even comfortable using them again. But if I had such info I would consider it. If they decide to pay out millions instead of running away with it, it's a huge step in the right direction. It's something no other processor that went belly up has done (wsb, globill) because running off with millions is an easy way out.

Ibill must have done something right to have become at one time the largest processor, but along the way for whatever reason (beuracracy?, mismanagement?, scandal?) they took a wrong turn.

With that said, I think that even if they regain their composure they will only be a shadow of their former selves for some time. It's a regretable situation.

Totally understand where you're coming from. I was not apart of the whole September First Data mess and my hearts go out to you guys who are (hope you get paid this Friday too!).

I've been using their secured solution for the past two months to process content sales and am satisfied thus far. No missed payments.

The new management and paying out $21m is definitely a good thing. It clearly sets the pace and their intention. I think iBill is heading in the right direction and that they are making a real effort to re-establish themselves in the community.

It's a shame they keep naming Cathy Beardsley in connection to ibill not paying out. She worked at iBill for years before they were sold and everyone got paid on time then. All the stuff that happened last year was not of her doing.

I remember not long ago that IBD was saying on the CMI that one of the reasons they decided to take over ibill and felt comfortable with it was because of Cathys help and that she was going to help them through all the mess for atleast another 30 days and possibly longer with other projects. Now it seems they are talking as if she was one of the major problems..... or is it just me reading it wrong? Maybe they found out different after they looked further? I don't know Cathy personally just thought it was wierd that they would (seemingly) double talk about thier feelings toward her. But heck.... we're getting paid right?

XOXOXO
*Krystal*

Anyone get there FD wire yet?

Hold tight tiger, according to the article, it starts this Friday if you completed all the steps.

There's an old saying in Tennessee ? I know it's in Texas, probably in Tennessee ? that says, fool me once, shame on ? shame on you. Fool me ? you can't get fooled again.

Always have that clip in my head ... makes me laugh ... :thumbsup

Probably not, but lets just get paid on the balances owed!

Cathy is one of the best, most honorable people in this industry. She did everythin in her power to make things work at iBill and get people paid. Unfortunately, her hands were kind of tied there by the ultimate decision makers.

I'm sure Cathy will land solidly on her feet, and wherever it is will be someplace I will do business with without hesitation.

i'll believe it when i see it

i know several people that will be really happy about that

fuck it.. I gave up long time ago

That was president bush's attempt to say what I said above but he fucked it up and his media tried to spin it as a variation to not look like an idiot. LOL. It's in the end of Michael Moore's movie too :)

WG

There is always an interesting turn of phrase when it comes to iBill owners, shareholders or management.

The quotes you used are those of Gary Spaniak Jr - the "President" of Care Concepts and, near as dammit, similiar status in IBD? This is the smartass who now appears to be claiming "new brushes sweep clean" and there is such a thing as an "old Bill" and a new iBill. Gimme a break :-)

Is Spaniak trying to suggest he is pleased to see the "remnants of the old iBill" gone and "blame" being cast on them? If so, Spaniak needs to remember Prast is involved with his own activities in promoting XTV. Instead of using the biblical name of Lazarus in his statement, maybe Judas is more relevant.

Bottom line... who is IBD? Molina, Bell, Galanis and a string of other folks you would not invite to a dinner table. Whether the flavor of the day is Gkard, XTV or a resurrection of iBill, - it remains there are a series of people with fraud, felony fraud, (and all the variations of fraud offenses in the US) as well as drug offenses and other convictions involved.

These are people who either directly or in association with others fraudulently stole people's homes and left them homeless, - and yes, there is still the small matter of recovering the majority of the $400 million defrauded in one instance. How's your memory Jason - you remember where the funds are? You may have to ask Molina. There is also several small matters where the presentation of several million dollars on tables have caused concern, in that there was an inability to show the source of funds. What's new?

When you consider whether you would use iBill again, remember the series of past broken promises and utter bullshit and also who you are dealing with - namely, paper-shuffling fraudulent crooks and scammers who use "shareholdings", corporate paperwork, forward-looking statements and fancy words as tools.

No statements by these people can be taken at face value. They already have been proven to be not-exactly-a-true-picture or were simply more bullshit.