Ibill - Please explain something to me
 

(1) You are projected to do over 10 BILLION in sales this year.

(2) That comes out to roughly 20 million per week.

(3) First Data is holding only 14 million.

(4) You are THREE FUCKING WEEKS behind in your payments to webmasters.

PLEASE EXPLAIN THIS

:1orglaugh

If you really wanted answers I would call them.

Where in the hell do you get your numbers when it comes to questions 1 & 2?

I misread. First Data expects to do 10 billion. Ibill processes 300 million. Thus, 14 million would work out to around three weeks.

Why can't they get a loan from their new bank for the 14 million and pay it back when their $$ is released by FDB?

BTW, how long is FDB going to hold ibill's money?

Where in the hell do you get your numbers when it comes to questions 1 & 2? [/QUOTE]

I'm curious as well.

Seems 6 months seems to be a standard when it comes to things like that . . . have to make sure there are no CB's

So we can expect to be three weeks behind until next spring. :ak47: :ak47: :BangBang: :BangBang:

I am not even going to begin answering questions for Ibill, just answering your general question

Maybe IBILL is trying to get a loan but I would say it would take more than a month to get a bank to just give a company a loan that can't get paid from another company.

Depending on the contract First Data might be able to hold their money for 6-12 months.

Some of you are pissed at IBILL but this can happen to any company in this industry. At least they started to pay clients today. How many other companies would just bail with the money?

I'm curious as well. [/QUOTE]

Boobmath :1orglaugh :1orglaugh :1orglaugh

They already did, thats how their paying out monies today.

I am very curious to know how you kow they got a loan from a bank, how much did they get and if they did get a $14 million loan why hasn't everyone been paid?

Allow me.


YOU = OWNED.

DEAL.

For someone who claims to be a college professor, you sure are dumb.

I called my rep on the phone yesterday and asked wtf is going on. He didn't give me all the details, just that they got one of their credit lines and were going to pay EU and revshare clients tommorow.

Hey Holly,

What have I ever done to you? You don't like my posts. That is obvious. But why are you always so hostile and insulting? I simply misread the article. I owned up to the mistake but you just couldn't wait to get another shot in.

Please keep in mind that I have never attacked you personally, and I won't. As I said a few days ago, I am done playing piss games on GFY.

You still haven't figured it out, have you? :1orglaugh

Why don't you tell us why you are rude to this guy.

I doubt she (or he) will. Fortunately, she's a nobody so I really don't care. She's in my ignore file.

Boobmaster = OWNED

So you are boobmaster?

Don't want to rain on your logic boobmaster, but iBill may process 300 million, but that doesn't mean their revenue is 300 M. Keep in mind, they probably make about 12% gross MAX (most likely less).

That's $36M annually, but consider they have to pay processing fees, customer service, bandwidth, staff, etc. We're talking about a company that probably makes less than $5M/year.

You make it seem like they're holding money on purpose. I believe if they had (or could get) the money, they would pay out immediately, which would be very helpful in trying to retain (future) business.

What he said. Whatever the rights or wrongs of this and peoples views it's daft to think they're not paying out intentionally if they could. Presuming the funds are in the bank they were processing through and they were frozen (as I believe iBill themselves said was the case) they wouldn't have access to them. This is a company currently fighting to survive and that means keeping as many 'customers' as they can. Not paying will achieve the opposite so they'll pay as and when they can as indeed seems to be happening.

Many things should probably have been done differently but that doesn't mean withholding funds is something they would do if they could possibly avoid it.

Your such an idiot, it's pathetic...

Very good points very true.

:thumbsup

(1) You could have chosen to politely show me the error of my ways, but you did not.

(2) You could have read my earlier post where I acknowledged that I was off base, but you did not.

(3) You could have simply ignored my posts/threads and moved along, but you did not.

(4) You could have used the correct form 'you're' (a contraction of you + are) instead of 'your' (possessive pronoun), but you did not (so who's the idiot?).

I could reply and tell you to go kill yourself and that you are a complete fucking lowlife loser, but I will not. Instead, I will add you to my ignore file, where morons who insult people for no reason belong.

:321GFY

They don't make enough money! :1orglaugh