Any New iBill Updates?
 

iBill referenced Feb2 for an additional update for EU clients - curious if anyone has seen anything new?

Steve Kimberling, AVP
Humboldt Merchant Services
[email protected]

Payout Update 01/26/05
EU Payout Update
As previously stated, we have established a relationship with Credit Suisse and we are moving forward with the steps necessary to complete the process of setting up a bank account. Please be assured that we have every intention of paying our clients as soon as the Credit Suisse account is setup and the funds are received from our European processor. Please check back on Wednesday February 2, 2005, for another update.

US Payout Update
At this time we are not in a position to provide a date on outstanding US Payouts. As soon as we have more information an update will be provided. Again, we have every intention of paying our clients.

"WEST HOLLYWOOD, Calif. ? In an attempt to take a stand against ?what iBill has done? to the online community, Cybersocket co-owner Morgan Sommer has filed two legal claims against the third-party processor over nonpayment of advertising.
The claims, filed in Los Angeles Superior Court?s Small Claims division, total $10,000 and are for back payment for two months of advertising.

?This company has made zero percent indication that they will pay our bill,? Sommer told XBiz. ?They?ve had an advertisement in Cybersocket for six years, five on the back cover. And now it is almost impossible to get a hold of the people who run the show in Florida.?

But what Sommer is most upset about is that he referred many online adult companies to the processor?s services. And many of those companies are now out of business.

?Some of my closest business acquaintances have been affected, even some of the larger companies,? he said. ?There is one company I know that is owed between $300,000 and $500,000 from iBill.?

?We trusted them, and now some are closing up shop. This company has gutted the ability for some of the industry to function.?

Sommer even said that he has temporarily suspended billing with at least four advertisers that have been affected by iBill?s nonpayment of credit card processing.

Since late last summer, iBill has been nonresponsive to scores of online adult companies that did business with the Deerfield, Fla.-based company.

IBill was having cash flow problems at the time, after its agreement to handle Visa card transactions with First Data fell through.

After a series of transactions, the company is now owned by Interactive Brand Technologies, or IBD.

Sources from IBD and iBill did not return phone calls to XBiz for this story. "

we've been getting all our wires and are caught up!

oh yeah? good deal.

that's impressive based on what everyone else is going through - CONGRATS!

I wonder how they are spending all our money? Real estate, cars, and plasma televisions?

The "updates" are released just before the office closes.

The office cleaner on the third floor is given the responsibility of composing the content of the briefing and ensuring this is posted on the CMI.

This may be the reason for declarations of specific banks (not a normal situation to talk of banks you claim to be still negotiating with?), and for all the things that are *not* said on the CMI - there is plenty of that - iBill staff know much of this.

The "updates" are little more than utter bullshit and have no credibility or qualification.

It's only a matter of time till the shit hits the fan, tho some of that has already started.

Your efforts to be funny/sarcastic in reply are worthless and unappreciated, try a different venue. Show a screenshot of your CMI, or go away.
A lot of workers are holding to hope, in 20-30-40-50K back pay, and I bet my life you have less than $79.67 on the line. so STFU or prove me wrong.