IBILL President QUIT
 

Kathy Beardsley quit today
Word is she can't put up with the bullshit anymore.

lol, yeah I can imagine that being true

:1orglaugh

Ala Akbar!

maybe she didnt get paid.

lol that made me laugh.
thanks. :)

:1orglaugh

sig spot

I'm guessing the trustee thing fell through.

After six months of this there's a part of me that just wishes it was over despite the losses. Too much stress.

really........

good one :1orglaugh

why ain't I suprised knowing about that? lol

Cathy is a really nice person, I'm sorry to see her get stuck in this. I don't think she really understood what was going on with the whole mess the last year or two, and that she thought things would have had a different outcome.

I always liked Cathy personally. She seems like a good person.

I would imagine leading Ibill right now is like being given command of the Titanic after it hit the iceberg. It's not funny anymore, Ibill seems doomed.


Steve Lightspeed

She probably didn't get her wires either.
WG

I still haven't seen anyone say exactly what Ibill is going through right now. I know they're not paying webmasters, but WHY is this? Why can't they just cut everyone a check for what they've billed?

Does anyone actually know? Or are we all just guessing what the deal is?

:1orglaugh :1orglaugh :1orglaugh

Xenigo it all started because they lost their acquiring bank and have never been able to find another one. Everything else has flowed on from there - it was big news late last year and I don't know how you missed it - it was on just about every webmaster board on the planet.

Thanks for the reply, Steve. Somehow I missed that. I never used to keep up on processing because I'm only now getting into running paysites. Any idea why they can't get a new acquiring bank? If CCBill, Jettis and Epoch have them, I can't imagine why iBill would have an issue...

Basically because no bank will touch iBill - if you're interested in the full story you should make yourself a cup of coffee or three and do a search here. There have been some very long and very informative threads about it.

People have likened this to the Globill collapse but Globill went overnight. iBill have been collecting rebills for months and have only paid out a fraction of what they must have collected. There are some paysites owners out there who are in real trouble thanks to iBill.

They have made promise after promise about paying and they are always 'moving forward' with their plans to pay webmasters but they only ever seem to slip further and further behind. There must come a point where criminal proceedings against the people in charge at iBill must become a real possibility .

lol ... :)

oh man that's disgusting :(

hahaha :1orglaugh

Im pretty sure this was expected as I heard about a new management team coming in last week. I just hope theres still monies left to manage at this point

presidents cant quit,,,the president is the owner of a company.

um.. not always :Oh crap

Technically she didn't walk out the door. I heard she has 30 days left on her contract and she's not going to renew. Something like that.

you don't really know much about business................... or sig rules.

The KLF have spoken!

:1orglaugh they're gonna rock ya :thumbsup

How would the President of the company not know what's going on within a two year period of heading the company? Are there many people above her that made all the decisions (ex. is the President above or below a CEO)? I apologize for my ignorance about the structure of companies.

Cathy is a very nice person. But I am not sure if she's the "President" she holds another title I believe.

Any pay their $750 with ibill via CC? Chargeback time!! ;)) hhahaa

exactly.. shes not.

If Ibill does not have a US acquiring bank, how are they able to rebill?

xenigo - Jettis went under too as far as a thrid party processor.

Z

That's a good question and I'd be curious to know what the answer is. Are all the rebills and sales simply pending? For months?

As for Jettis, they didn't go under. Jettis still processes ACH. Their Credit Card processing was grandfathered/almagamated into Paycom under mutual agreement so nothing was lost and processing continues seemlessly for former Jettis clients. Jettis looked after it's clients.

:1orglaugh

KK, Cathy is a nice person but was not cut out to manage iBill out of this mess that her mentor, GB, got the company into. Cathy knew all the issues with what has happened over the last few years that got iBill into this mess. I am sure she sat in on meetings when the dollar transactions for BN was ok'd, and the posting of multiple cross sells from non-ibill join pages was ok'd, and the dollar transactions for the kids charity and the imports from the Aussies, etc., efucking cetera.

That is the shit that got the company into the mess it is in.

Ask yourself why...

The Ibill runaround continues...

Like she was actually managing anything. Can you say figurehead boys and girls?

So did all their affiliates

Cathy's a decent person. She probably thought she could make a difference and turn it around.

NAILED IT!!!! Tough to manage a company that the 3 Stooges run! :1orglaugh

Zprogramz... we didn't go under, we sold our portfolio of IPSP clients. Big Difference.

And, as others indicated, we're still processing ach and gateway (which is our roots).

If Cathy is bailing, I have no doubt that there are some other iBill staff who will hit the door right behind her.

Little doubt, Cathy resigned for good reasons yesterday and others will follow.

A large number of folks have already moved out of the scenario - some for their own reasons like, covering their asses and saying nothing to avoid a subpoeona.

Cathy did what she could with the tools she had.

lol well thats not how it is at IBILL and many other companies...

The President is just an officer of the company. They can be apppointed and chucked out as the shareholders and board see fit. Cathy does not "own" iBill :-)

yawn!!!!

Ibill started going to the shit after it got bought out a few years back by that big company .. what was it called?