Ibill to file bankruptcy by March of this year.
 

I heard through the grapevine that ibill is going to file bankruptcy by this March. Basically closing there doors for good. Anyone else heard or read such a thing about this. I wonder if it's true or just a rumor. Bastards owe me lot of money and I'm sure they owe you guys alot too. Any suggestions on what to do?

that's what i hate...people coming on here posting hearsay.
if you have facts, bring them.
if not, don't post. :)

All I know is that if anyone is still processing through them, they are making a huge mistake. Get out now before Globill situation happens.

Not really much you can do now. If they file in March, even if you do get money from them its all subject to recall if you are given preferential treatment.

MegaPartner_EriC:

The grapevine is not the most reliable source!! :-)

Tho.. ya may well be correct.

If it is their own decision, rest assured it serves more than one purpose.

But the flip side of the coin is whether a fraud investigation "forces" this first.

Time will tell.

it is NOT hearsay babe, take it from people who have a clue :)

So I guess the best scenario here is to wait it out and hope to get paid on the back payments.

who is this grapevine I keep hearing about lol

North of I-5 :1orglaugh

Sorry you are owed money.. but no chance in hell of being settled on back payments.

You can either take debt recovery action now. If you have (as a few do) any documentation to suggest conspiracy to defraud, - pass this to the Florida Attorney General who has other cases with him.

If they declare liquidation in the meantime, you will lose any legal fees - it's a gamble all round :-)

If iBill initiate their bankruptcy, rest assured this will immediately be converted to a criminal bankruptcy issue and an investigation started.

Thanks for the Info Webby

Bump! Bump!

wouldn't suprise me.

Not having a enough money is not criminal,giving a date and not being able to come thru. Sucks for the people owed but its not criminal.They have made payments since this nightmare started I still hope they come thru and Im rooting for them because I want to get paid pure and simple.

This thread is useless without pics... Ummm, I mean facts.

-Dino

I'm still hoping too Tony. Hope everyone gets paid and put this shit behind us and leave fucking ibill once in for all. :thefinger

Why are people still using them? I hope them dont come crying here if ibill shuts its door in 2 months or whatever.

Grapevine or not, It's really the only solution for them. I just feel really bad for all the people that got screwed by this. I have said it here before. 3rd party blows. If you are serious about your business get your own merchant account.

Yep, I would have to say the same thing! Get out of processing or using affiliate programs that are processing with iBill. People know their not gonna payout, and their way FUCKING behind. And I gotta agree with ContentProducer, another Globill situation will happen..

jDoG

Hi Tony.

Who said not having enough money is criminal? Not me - and never have said that :-)

There are a number of issues which give more than any rational cause to consider these criminal. In fact, in some instances it is very simple and clean cut, - but I'm not gotta discuss that here.

Sure, most people would like to be paid. The fact that they have "made payments since this nightmare started" is irrelevant.

There are many webmasters out there holding bounced checks, some have not been paid since long before the "nightmare" started and others are being lied to daily, - even now. The chances of being paid are not even worth considering.

What's the point of rooting for a fraudulent company controlled by known scammers and who continue to lie, yet have control of the funds of others and, despite "we have every intention of paying", are unable/not willing to give any security for this in the form of "promissory notes" which were promised months back?

They are finished... and the sooner this comes to fruition the better, and with all funds remaining out of their control.


"iBill - The company you can trust who has every intention of paying"

Ibill could do a lot to minimize the damage if they would help clients who are facing sizeable losses. I've seen a few programs for sale and a lot of operators simply wiped out due to this.

They should be offering to give up rebill databases freely and helping to place clients with new processors if that's what is required. If they adopted a "We can earn your business back once it's fixed" attitude it would go very very far in alleviating this customer service meltdown.

I've done a lot of business with them and I am sincerely hoping that they can pull it together. I feel they are in a difficult spot with those who hold all the power at the banks and it may be insurmountable. I don't blame them for what's happened, but the way it's been dealt with and the wall of silence presented to their clients is not positive.

Hell know I don't think any affiliate program is going to use ibill for their processing. I just use them (well i used too ) use them for my 20 paysites.

That is, tho not *actually* criminal, one of the most damning things about this scenario - that iBill can cause many others much damage. But suppose that is the risk of trading and where good judgement comes into play in not allowing any one company to hold substantial rebills. The third party processing biz have already proven they cannot be trusted to this level - they are not banks and have no controlling or oversight body.

BTW.. Your comments about the "power at the banks" and "I don't blame them.." ....

It appears banks just don't trust the principals involved with iBill - one woman I spoke with who is an director of a merchant bank said outright that she would not dream of dealing with them and called the CMI stuff "Crap!" :-)

Also, a judge when presented with the background declared, "all of iBill's problems are of their own making". That, together with some other info/docs, leave me in no doubt that is the case and deserve nada consideration in any area.

Im not going to get into this again its getting boring but the check problem was they changed banks they let webmasters know . Which they can prove so thats not criminal. You all forget globil here one day gone the next , so giving some payments shows a clear intent to try pay. You promise your credit card company your going to pay them and dont. do the cops knock on your door?

tony404:

Correct in some instances that have been well-publicised, - wrong on the instances I'm referring to and these are criminal if the debtor proceeds along that avenue.

They also can't prove *anything* in these cases, - they are clean cut fraud and not in dispute by iBill.

Sorry it is boring :-)

Tony , I admire the loyalty, unfortunately they dont give two fucks about you, or any of the other wms owed money. If they go down which is likely given the scenario, all the small guys are going to be big time losers :2 cents:

what affiliate program are they on

tony404:

Mmm.. I never absorbed the end of your last message.

There is a lot more to iBill than that - dunno, but is appears you may have missed a lot along the way or being fed information that has little substance.

Cos they have no money is not the reason for criminal - it never was. It's all the rest that gives rise to the criminal aspect.

He said he heard through the grapevine. If the grapevine is not hearsay, then what the hell is?

But why hasn't it happened yet? Globill abruptly went down. Why is iBill still holding on?

This whole ibill thing sucks for everyone :(

I am Fucking Tired of it! running on cc to stay afloat here. :mad:

Understand ya kw and sorry you are having this shit! I feel sorry for a load of people I know who have been using iBill since day one of iBill (almost).

Some of em have been fucked up completely, laid off staff, - never been paid in *many* months and a few doing the same as you - cards!

Next step is salvage the good bits and start fresh - what a waste of time and energy!! :(

Todays flavor of kool aid is -

Cherry

Lousy news...ibill is really hurting a lot of folks with this shit.

If the scam is still running according to plan - there will be some payment yet.

It might even cover the cost of Gonzo's kool aid - but is iBill carrot flavor - to extend the delay further for other reasons.

*sigh* I'm sorry to hear that. The whole scenario sucks for so many :Oh crap :Oh crap

http://www.thegremlin.com/Picture%2011.JPG

thank god i never promoted ibill sponsors

can i get some wine on this grapevine?

I am a little thirsty