| Hammer wrote: |
| ....or they can do their best to continue in business and pay off their debts over time. It's pretty hard to continue in business without taking on new clients and obviously admitting to those new clients that you are having trouble paying existing clients would not work out too well.... |
| Quote: |
| That dubious distinction comes courtesy of a little-noticed lawsuit filed Sept. 17[,2004] by Internet Billing against First Data (nyse: FDC - news - people ). IBill acts as a middleman between 4,000 small, mostly porn, sites and the banks that are critical to any credit card transaction. In iBill's case, the bank was an obscure unit of First Data, a financial services giant that expects 2004 sales of $10 billion. But apparently fed up with the connection to the controversial business, First Data finally got out of porn on Sept. 15 when its contract with iBill expired, leaving iBill in the lurch (but still holding $14.5 million of iBill's deposits). |
| seansms wrote: |
| Well there is an alternative which is not being fully exploited by webmasters and that is payment using SMS for European clients.
No chargebacks guaranteed I will be the first to say the payouts are crap but with over 100 million suitable clients out there willing to pay by cell phone it is a whole new world of revenue to exploit. Sean O'Connor CEO Textbill Limited http://www.textbill.com |
| saraswirls wrote: |
|
I had actually done this before and posted the experience in ynot, so I figured they would not be so brazen to do it again. Well long story short they are taking new accounts and PROMISING that there has been no delays with payouts, no glitches at all, and that as far as they knew all payouts are current! I started laughing and said, how is it that you can sleep at night knowing you lie thru your teeth for a living? The guy said,"what do you mean" I said, " I am an existing webmaster who has not been paid my last 6-7 payouts, so how could you lie and cheat new clients knowing what you have done, and his answer was "as far as I know all payouts ARE going out" Notice he did not say all payouts have been made. |
| saraswirls wrote: |
| I started laughing and said, how is it that you can sleep at night knowing you lie thru your teeth for a living? The guy said,"what do you mean" I said, " I am an existing webmaster who has not been paid my last 6-7 payouts, so how could you lie and cheat new clients knowing what you have done, |
| seansms wrote: |
| My deepest apologies to those who were offended by my post that wasnt the intention.
Being new to this I made an amateur's mistake. Advice welcomed on how to make our service known to webmaster's would be greatly appreciated. -Seansms |
| Johnny wrote: |
| I was unaware of the transition that took place at iBill. It was not until my recent return from South America did I discover such. From my readings, iBill seems to be back on track.
Oddly, I checked my old account(#2XX) recently. Discovered monies owed to me. Filed the neccessary papers to claim it. Hope to see it soon. |