iBillEU/INTECA Settlement
 

This may please some EU webmasters a little over iBill - just a little :winkwink:

Check your email and you should find a communication from INTECA regarding reconciliation/payout of iBill's debts.

If you are a client of iBillEU and don't get this - contact INTECA at
http://www.inteca.org and prompt them!

Meanwhile all US webmasters have still no news - unless anyone has some results of meetings today they want to share?? :-)

Could you elaborate as to what the deal is...
 

...or are you just trying to get people to e-mail INTECA?

ADG Webmaster

Na.. INTECA have started the iBill cleanup, at least from the EU side, - tho there is some way to go on this yet.

All clients of iBillEU "should" have an email requesting confirmation of debt up to 2005 Feb 28th and it "appears" there are funds being held in EU banks to be paid out.

Still no news on the US end yet.. sounds like that "may" come tomorrow unless there is information leakage from iBill. I smell the US end is not gonna be good... but fingers crossed!

To iBill EU merchants

You will have received notification from iBill of the planned role for the International e.Commerce Association (Inteca) to act as the trusted third party in bringing your account up to date and ensuring you receive all due funds in the future on your iBill account.

This agreement is not final as yet, but we believe it can be completed very soon. In order to not delay the settlement of your funds, we are asking all merchants to reconcile the amount due to them as at the end of business February 28th, 2005.

We will provide each merchant a unique password with which you can access the data in this regard. You will also see the release document that will need signing in order for the funds to be sent, via Inteca, to your bank account. Please respond to this email with your iBillEU sponsored merchant identification number (SMID) and we will send you a password.

We will give you further information as to the payment terms as you confirm the balances due.

Sincerely,

International e.Commerce Association (Inteca)
http://www.inteca.org

Thanks Claude! I never actually saw the email yet - just a message by phone from EU!

Thanks Webby (and Claude)...

The last I heard regarding the U.S. side, is that the First Data money issue is almost reconciled and that funds will be paid electronically to the individual clients from a 3rd party (not iBill). This sounds similar to what is happening with Inteca.

The other past due money owed will supposedly be handled seperately, although also likely through a 3rd party. What remains to be seen is whether we will be paid a lump sum or in installments. Hopefully, the latter, but at this point I will be somewhat happy just knowing what to expect.

ADG Webmaster

I hope we US webmasters get some sort of good news from ibill soon. I'm running out of patience with ibill and I'm sure all of you US webmasters who used or used ibill are the same.

Ibill has some news on what they are
doing next week - just got off the phone with them.

No details - hope it is good news as i am pissed.

the only news I care to hear is them depositing cash into my bank account.

hey webby hit me up if you're around :winkwink:

That sounds good shit!! It is vital that iBill don't get there hands on any money other than their due costs for processing.

There may be a lesson in this for all third party processors in that they do need some security for webmaster funds and it's better this is handled via some third party arrangement or maybe some insurance deal.

First Data may have started this iBill problem, - tho with good cause and advance notice to iBill management, - but at least they are not bending in handing over funds direct to iBill and US webmasters have some chance with this.

How do I know how much they owe me up to the 28th of feb. ?

Total processingsum minus processingfess minus holdback?

And are they asking only for a reply with merchant ID or both merchant ID+total due funds?

My understanding is just the merchant ID.

I'm with you MikeyG :321GFY

On another board it was stated that ibill will make a CMI update today. Not sure if it will include US though. But since it's after the 1st and the 6 month period they may.

*Krystal*

yea, the us update will state, 'Check back 4/1/05, we should be in somewhere overseas on the beach with your money by then. We'll post pics.'

in the words of public enemy... burn ibill burn, i smell a riot going on!!

I only have 9k owed. (Not counting on it) There are programs out there owed 20-30 times that. Wonder if deals are being made under the table to settle those, while the smaller amounts are being used. If I was owed 300k I would not be sitting here "chatting" about it and hoping for the best; there would be lawyers involved.

they owe me about 18k and i had a deal with them to get paid on 2/28 but they backed out of it after they sent me legal docs and all was signed.

now i hired a lawyer.. and im sueing for damages so the total i am seeking now is over 30k

Ok iBill management.....

First.. and I know ya read all this stuff, let's kill the crap!! This is quicker than waiting for any response from you on anything via email.

Second - let's see you make an "update" on the CMI. You have already advised webmasters to deal with INTECA.

I trust that name will be introduced on the CMI - or are there any second thoughts??? Think on it.

Can you also explain who INTECA is that gives any credibility to show this "org" can be trusted as an intermediary on any issue?

Can you also provide the names of the officers/president of INTECA and contact numbers?

Can you also provide a physical address for this "org"?

Can you also provide a telephone/fax number?

Can you also explain why almost all information concerning this "org" has obviously had attempts to make it hidden?

Can you explain the relevance and involvement of folks at Deerfield Park and INTECA?

When was the last financial statement produced by INTECA and where is it?

Within what jurisdiction does INTECA claim to be operating in?

In summary.. don't even try to post some shit update with more bullshit unless you can fully suppport every claim in this and, rest assured, others are currently investigating "INTECA" to establish some truth.


PS BTW .. How is "Doctor" Molina? In good health?? :-)

Depending on what you signed you may not be able to do anything. Getting a lawyer now may be a waste of your time. Hopefully you had a lawyer look at the paperwork BEFORE you signed it.

*Krystal*

Joey... don't sign *anything*.. don't trust *anything* - they knew very well that they were not going to pay you. I think you just passed up a strong hand :-(

There is no agreement you can make with iBill that will be fullfilled by them.

Nothing is "legal" when it comes to iBill.

well it read that as long as they paid me, i couldnt sue. well they broke that clause when the first payment was due.

well the lawyer will have all the papers tomorrow. basically by them not paying, they broke the contract.. basically nulling the whole damn thing.. im back to square 1.

OK hear ya! I strongly suggest you forget all that crap and contact the police and give em copies of all paperwork. This, and plenty more, is not any civil matter.

Also.. contact the Florida AG and give him copies - BUT... like immediately, it's a police matter.

why do you say its a police matter? wont they just say its a civil matter? i too thought this is now a crime after they stated to pay with the legal docs and all.. then to not pay me.

Sorry to hear this Joey... This has happened with many people now. iBill knew they had no intention of honoring any arrangement.

There is also another load of shit going on in the background. I'd seriously suggest you pass this to a fraud officer.

the florida ag or the police?

thanks

There is so much of this.. and other stuff. It is no longer an issue of some civil claim against a company who claims to have no funds. Only your part alone... from the start, they knowingly did shit that is illegal, then when given the chance to resolve this, failed. They also failed with full knowledge that they were not going to honor your agreement - they never intended to!! :-)

You are only one person.. there are many!! Plus.. there are more serious and blantant things going on as well - more deception. Hell man... I would not flinch from contacting law enforcement - chances are, the person you end up speak with is already familiar.

The AG's office is damned slow to act... but I'd let them have the info. For immediate action, I'd deal with the police - partly because time is meaningful and also this info will get collated with other stuff.

im on with the AG now.. great.. gotta leave a voice mail..

I think i will head to the police department tomorrow first thing in the AM.

It's going to be interesting to see if any more lying updates appear. Nothing they say... on any subject... can be taken at face value.

BTW... If ya end up with some dumb officer - tell em to contact the AG's office for futher info! :-)

Exactly what charges are you hoping to see?

I'm pretty sure you signed a contract that says if they don't get paid you don't get paid. Someone will have to pierce the corporate veil to prove fraud, chapter 11 way before that happens, yawn yawn etc.

I highly doubt they're all down at the beach sunning themselves. The banks have held their funds (which was most likely their fault in the first place), and they're hanging onto them until they feel better or hell freezes over, whichever happens first.

I'm really sorry you lost money, but your energies would be better spent earning some more.

im juggling both.. im doing fine $ wise unlike others... but i will be damned if i am gonna sit idly by and let them do this. they are commiting a crime..

they are processing peoples cc's yet and not paying the rightful people. i cant understand how a company can openly steal and all the complaints to the AG and still nothing..

Ain't up to us to decide charges.. only when all paperwork is collated and an investigation complete will someone decide charges.

At the moment... at a guess... 4 main charges and *many* counts on each - but, the story has only just begun. It's far too early - every damned paper ya lift has another can of worms underneath it - I can see this shit still going on after iBill has hit the dust.

Legally that's tricky. They probably aren't commiting a crime. It's a civil contract and while I'm not a lawyer I don't think there's much you can do.

It's not theft for a bunch of reasons, none of which you're going to like. The bank is holding it, not them, so there's no posession of anything stolen. If they still agree that you're owed the money, then it's a debt, not a theft. Last, you're just another payee on the list to them, so using any money they do have on something else means you're just down the list on priorities.

It sucks but when you have $100 in the bank and two people owed $100, it's not theft to only pay one of them. Of course it sucks when you're #2.

On the other hand, just to be fair, they could be guilty of everything from wire fraud up. Just don't think they could help you if they tried right now.

This isn't going away for probably years, I agree. I'd love to be a fly on the wall down there.

For the webmasters out there, getting slammed with criminal charges won't do much good. The Feds will raid the place, confiscate everything, they'll file for protection, the lawyers will seize all the money and put it in their pockets, the webmasters won't even see 10c on the dollar if they're lucky.

This whole damn mess was avoidable, that's the tragic part. Let's see what rises from the ashes.

Don't matter what we think or opinions... this is a fraudulent company with a habit of being unable to account for funds, lying and deception. There is no doubt whatsoever on that and this spans over more corps than iBill.

Companies without funds and a list of creditors are ten a penny and that is just the risk of trading. iBill stepped outside that category on several occasions.

Mmmm.. Others seem to be getting the clue as well now...

http://boards.xbiz.com/showthread.ph...399#post215399

thats great... i just talked with AG of florida.. only 9 of you fuckers have called.. 9... well 8 not counting me.. thats unreal.. do known of you guys care??

What do they say? Did he give an opinion so far, or the usual "We'll look into it"?

Agree is was avoidable.. and, it is understandable from the angle of iBill staff.. they were instructed to lie/avoid truth with clients. There are also several "faces" being presented internally to them and this can be confusing :-)

Hell.. I don't want to see another processor hit the dust.. but knowing now what I know and have seen about iBill and "associated" people - they seriously need throwing in jail. I'm not saying that flippantly.

It is not in the interests of the webmaster community to have these people floating around throwing out bullshit/deception while transacting other people's money. Banks already know this and have ceased dealing - that was all for valid reasons.

Yep! It is clear relying on people who are owed money to speak up is like getting blood out of a stone. The irony is that iBill are relying on that - or were up to a short time ago.

yep, i called back on january 5th only 5 more people called after that till now.

there are not enough people to warrant them even looking into it yet..

what a joke.. all these people bitch and then they never called..

Won't say here Joey.. but checking out some stuff now.

I'd like to see an iBill "update" first, tho they have confirmed by email that it is correct that webmasters deal with INTECA - but better to wait for the "official statement" :winkwink:

Bump de Bump..........

I need to talk to you too buddy....Webby we are looking for you
Hit me up on ICQ : 134901041
This is Important!