It occurs to me that I am looking at this from one standpoint -- that of a sponsor site.

If you are a revshare webmaster, then I think you are pretty much out of luck. Since they stopped processing Visa, they never collected the money. That money is probably not going to be recoverable. Visa Rebills/New Signups -- those are probably gone.

As far as the rest, if you have a Revshare account and the sponsor you are promoting isn't taking Visa, you're losing out on a fair number of sales. Move on.

Its your income -- you need to do what is in your best interest. If your revenue stream is cut, get another one.

or something like that. :)

That is a correct assumption, Ramster, and I'm still waiting.

I'm just thankful that they only owe me slightly over the minimum payout.

One of those rare times I can be thankful that I had sucky sales.

Now the ibill main page states "Another update regarding the RevShare payout will be posted by Wednesday - December 22th, 2004". Yesterday, it quoted December 21.

Do you think they have a JAVA script or something installed to update the date on an ongoing basis (always make it one day ahead)?

|santa|

Probably LOL, atleast until holidays are over. |santa|

"The purpose of this communication is to provide an overview of iBill’s current status.

In light of the financial situation due to issues with our previous processor, difficulties have been encountered recently in regards to payouts and promissory notes. We understand the uncertainty these difficulties present to our clients. This was not our intention and we want to inform our clients that we ARE moving forward. iBill has been processing for over nine years and we continue to be committed to the industry. All decisions made are to ensure the long-term viability of iBill and allow for clients to be paid on all monies owed.

We understand that we have made commitments which have been unfortunately delayed. We are currently working to secure capital which will assist in bringing payouts back on schedule. In addition, progress is being made in negotiations with our previous processor for the release of funds. These funds will be directly paid out to our clients.

Please bear with us as we work through these issues. Be assured that we will be back on schedule shortly and these issues will be behind us in the near future. Please continue to check CMI for further updates as they become available".

Latest news as posted by Ibill. In addition, the September 22 check they sent me bounced. Since I cashed it in Europe, I only found out about it a few days ago. Merry Christmas!|angry|

I got a check from iBill today |couch|

Greenguy,

It is great to see the people at iBill are back in business. It appears that checks were sent out in the beginning of January to everyone.

Cheers!

The date on mine was Jan 14th or something like that. I have no idea what period it covered & I only got one (I'm signed up to a lot of iBill programs & most owe me money)

I guess we're in the old "Wait & See" mode now.

You got an ibill check? Wow. I hope I get some. They last time they paid affilates was for Sept 15.

Ramster,

New Revshare checks have been sent out, that is the good news! If you log into ibill, you will see the following messages:

RevShare Payout Check Dates 12/08/04 & 12/22/04
Please be advised that the RevShare payout for check dates 12/08/04 and 12/22/04 was processed and paid on January 5, 2005.

The statement for these check dates is currently visible in CMI. RevSharers can go to the Accounting section of CMI and select check date 12/22/04 to view the details of this combined payout.

Payout Update
iBill continues to make substantial progress and we are close to putting our September 16, 2004 problems behind us.

To this end, iBill has obtained an investment from a New York fund management company. We received the first $2 million installment this week.

It is our sincerest intent to ensure all of our webmasters that are processing with iBill are kept current on funds owed going forward.

For Wednesday, January 5, 2005, the following payouts will be made:
12/08/04 RevShare Payout

12/22/04 RevShare Payout

For Tuesday, January 11, 2005, the following payouts will be made:
12/15/04 US Payout

12/19/04 EU Payout

So no word on the money from October & November? Nice.

ditto that...

I had early on in 2004 earmarked my Oct. and Nov. checks to pay for the construction of a 2 car garage... doesn't look like I'll be breaking ground on that this Spring without the Oct. and Nov. checks...

grrrrr...

~Bell

They now have the attention of main stream newspapers [19th of January]:

http://www.newyorkdailytimes.com/home.htm?m=ibill and get compared with Emron...

Great, just we need Gearge.

I haven't received any of my checks yet. Being in Canada I expect it later as the admin does show a check so there is hope. (3 checks actually from various accounts)

Ibill: sex, lies and credit cards - a must read for peeps involved with them
 

webby posted this link on another board and I thought it contained enough relevant information to post here also

talk about to-the-point reporting .. I think that reporter must be from texas! lol

anyway, heres the link:http://www.oregonherald.com/home.htm?m=ibill

that article is wild, I can't believe any professional reporter would write something like that...hopefully it will result in a bit of publicity and maybe, just maybe, ibill will take it as incentive to start paying out their webmasters!!!

cheers,
Luke

yes, quite eloquent wasn't he lol

talk about shooting from the hip!! ;)

I wouldn't say it qualified as objective reporting. And while the reporter goes on about how they did a lot of "investigating" it's very light on for serious facts.

Nonetheless, I finally did some checking on my iBill affiliate accounts. Up until now I figured it was like Globill and I just had to write off the small amount of money owed when it first went pear shaped.

Still, the rebills have kept coming in, but I haven't had a check from them since 22nd Sept 2004 and I now have a few hundred dollars that are owed me.

GG said he got a check from them the other day. Hopefully the usual airmail delay will explain things and I might see some of my money...

To my knowlege, there have been two payments since Oct 1. One in mid december, and one around the 5th of January. The claim is that the 5th of January payment was a 'current' payment and that they were going to work on staying current.

There was nothing said about old monies that were owed other than there were monies that were owed.

While significantly different than the pump n dump of websitebilling or globill, it does have strange parallels with some of the backchannel stuff.

The downside is that the longer it takes, the more their customer base erodes, the fewer transactions they can blend to keep a reasonable chargeback ratio. This means scrub gets turned up, and its harder and harder to push sales through until one day, not enough transactions can be pumped through, the bank closes the merchant account, the funds are held for 6 months and then released -- usually to an offshore bearer share entity.

Enron kept the balls in the air for quite some time too. :)

Funny how that "reporters" name doesnt seem to exist anywhere else on the web

http://www.google.com/search?q=%22Lawrence+Kiminski%22

Weird article... leaves himself open for charges of only giving half the facts the way he goes on about all the poor mom and pop businesses being hurt... I doubt that angle will bring a lot of support if the public read it as mom and pop porn operations.

This article states the following:

"Initially respected, iBill has become the most reviled, despised, mistrusted, and suspicious companies on the Internet, with business practices reminiscent of Nazi Germany".

Comparing iBill with nazis? Interesting comparison. Exaggeration is fun sometimes, but that is just silly.

I've not been paid by them since Sept., and I can no longer login to cmi, either. I use roboform, so I'm not hosing up the login attempt.

It says I am an invalid user.

CCBill checks came yesterday.

iBill checks, which usually come on the same day, did not come yesterday or today :(

I get my ccbills check every week. I STILL have not received any checks for ibill.

Well, I'm glad I didn't have any joins throught their processing..