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.

Yes, this only applies to US based merchants.

To say this is all a farce would be an understatement...

Just because the US used a card company as a collection base for data and is making the actual merchants pay for this privilege, does not mean the rest of the world is not free.

I never did participate in that US bullshit and never will. The forms are enough to make ya spew up - you seriously think anyone with any sense is gonna dilvuge their biz dealings to some card company? It is not their concern.

All other banking regions in the world rejected Visa's kind offer - pity the US decided to think otherwise.

If you feel that IBill has crossed the line legally now and want to take action... then read on

Aside form the aforementioned problems they are having, they have not released the September 30th reserve payouts, which is money they are supposed to have been holding for their clients from February '04.

Their contract is very clear when it comes to reserves. 10% of all sales are held in reserve for 6 months to protect against chargebacks. They do not have the legal right to spend that money held "in reserve", if they do not have it, that is a misappropriation of funds, AKA, embezzlement.

If you want to send a clear message to the dolts at I-bill then the person to contact is:

Marcos Daniel Jiménez
United States Attorney for the
Southern District of Florida


99 N.E. 4th Street
Miami, FL 33132
(305) 961-9001

Give them a call this week and tell them that you have cause to believe that Internet Billing Co. of Ft. Lauderdale has misappropriated funds supposedly being held in reserve for their clients.

Thats good information

I smell a class action here. So far members have had access to sites for free because rebills are not being processed and if you dont pay out the $1500 they may never be processed. Resurves are late or not being paid which has zero to do with First Data. Ibill should have this money available to send all webmasters.
Maybe its time if webmasters are not going to get paid to get their Ibill members to request a refund ( not a charge back ) ( after all if you are not getting paid why should Ibill get it ) and ask them to switch to Epoch or CCbill or whatever back up processor you have ?

This is some fucked up shit!

Think i may just quit and go work at wendys!

and add my self to the class action suite.

of course you can move your consumers from one processor to another

it depends if ibill is willing to release that information directly to your other processor, they certainly would rather hold it so that you are forced to continue to use them

and if epoch/ccbill is willing to import it

interesting.

Everything ... :(

I have a visa ... don't have a mastercard

My company and I have never used any other credit cards besides MasterCards and never had a problem making a purchase or paying bills.