So what happended with ibill
 

So when i was just getting in too this biz about a year and a half ago ibill were on top of there game.

What happened for them to get in so much shit?

Keyword search iBill on the forum. There's only a thousand or so threads about it.

Yea but i want the cliff notes how did they end up not being able to pay?

iBill on top of their game 1.5 years ago?

lol...Not hardly.

If I am remembering correctly...They were scammed by a guy named sonofsam. You should be careful because this predator (sonofsam) still posts here on GFY.

ibill were dead 1.5 years ago i believe

at least they were on their last legs

ok so maybe it was longer than 1.5 years ago lol

iBill died in Sept/04 when payments to webmasters ceased. They claimed FirstData kept the money. FirstData claimed they paid iBill. Small businesses everywhere just claimed bankrupcy.

That's the cliff notes.

Truth is that Iball's died more than 4 years ago. The service got progressively worse CMI was always slow or down, customer service was the worst of all on line processors and they charged the highest % for each transaction. They defaulted on their notes to webmasters yesterday for millions of $$ and now it looks like they have opened / purchased or are using Etelegate alias to steal yet more money from stupid people..
See e-mail i just received below....



Welcome to Etelegate?s Payment Gateway, offering iBill?s merchants the newest cutting edge advances in on-line payment technology.

We are committed to bringing you the best we have to offer. Our unique Payment Gateway and Risk Assessment systems are designed to provide each of you with a much improved, faster, and more secure method to manage your payment processing. With the Etelegate gateway you can potentially see much higher approval rates than your currently seeing, as our gateway allows more quality transactions through and will keep less fraud out. In addition to the many new features you will have available, we would also like to offer your company lower rates and fees for being a loyal IBILL merchant.

So what will this change mean to you?

We offer a better, more reliable and timely processing solution customized to fit your specific processing needs. After you complete the integration steps below, we will analyze your account and renegotiate your rates and fees. You could potentially be looking at a savings of 1% - 2% in your discount rates immediately.

What do we need from you?

First log in with the details below and follow the step-by-step reintegration program.

1. Go to the ?Start Here? section and complete your online Etelegate
application.

2. Resign your iBill/Etelegate contract.

3. Scan and upload your required documents.

4. Reintegrate your website with Etelegate?s new Gateway Interface.
(Everything you need for re-integration is available at the end of this email.)

5. Explore Etelegate's Merchant gateway and customize it to meet your needs.
- Verify and add pricing options
- Update your payout information and make sure it is accurate
- Verify and add password management features

Once all of the above has been completed, we will contact you to discuss your integration as well as renegotiation options for your rates and fees.

Reintegration options will only be available for a period of two weeks, so please complete the process as soon as possible.

What if you need help?

IBill is still handling all your sales and technical support. Please contact IBILL directly regarding any and all questions with your etelegate gateway and merchant account.