Bye Bye iBill
 

Two pages of badly scanned documents in PDF format.
http://www.caryromanoff.com/evidence1.pdf
http://www.caryromanoff.com/evidence2.pdf

Geeze.... after all these years of hearing it was shutting down will this be the real thing?

I was having a hell of a time ready those scans.

Someone was nice enough to post the text.

I guess they can sell prepaid porn cards right next to the prepaid phone cards now.
http://www.prnewswire.com/news/index...02255384&EDATE

That can't be good. :(

Hmmm.............. I need to switch

I should have switched when they put up that mastercard bullshit last year

It is going to be interesting... I can see where a 60 day gap would be very damaging indeed.

Not sure what is going to happen here.

Who is left?

Alex

Tommy

Is NYW still in operation?

CCBill and Epoch are about the only two that come to mind. I know we have been in the process of adding Epoch to Angel's site just in case CCBill has problems. Nothing seems to move very fast with Epoch.

Surfn..... NO!

I use CCBill with Epoch as a secondary. No problems here. |bananna|

Thanks...that's what I thought.

That is exactly what Angel and I want to do.

We have already done all the paperwork and even duplicated the tour so that Epoch could see their tour and are just waiting to hear back from them again.

How hard was it to setup Epoch?

You noticed aswell ;)

Great processing and decent scrubbing, but maybe they should move a few of those great epassporte support guys over into the Epoch support section :)

Not good;(


but interesting...

Nearly 78 percent of iBill’s revenues are from adult entertainment content. In 2003, iBill averaged 1.2 million transactions per month and completed approximately $330 million in gross transactions

Most "authorities" have always said that Adult biz only accounts for a small percentage of the billing companies business.... 78% aint small....

DD

The hard part was getting THEM to respond to me. :D

But seriously it was a breeze after they give you the codes.

they had issues before and now they've finally closed down.

Don't forget about us here on the other side of the ocean.

|waves|

People PLease.....

iBill is not going anywhere. It is obvious that First Data tried to pull the plug on their agreement. iBill had to file the docs that you see posted in this thread. The courts have to be shown that First Data's actions could have serious consequences.
It is crazy how quickly people are to bury someone!
I'd bet my right nut that iBill emerges from this issue, just like they do every time.
'They take a lickin' and Keep on Tickin'
My money is on iBill.

Ibill will survive, although only by the skin of their teeth, and it will cost them a bundle to ensure client confidence.

They've received the injunction that they sought, and have a replacement bank now which will be in place Oct 15. The only real issue now is whether or not the injunction can force the former bank to remain in place throughout the transition.

It's unfortunate to watch anyone in this industry struggle. Nothing good will come to any of us through their demise, and they need our support more than ever....

Is this not the first time I've heard the name First Data in connection with a 3rd party biller going tits up?

I am sure that IBill will stay on, but how many clients they will stay with them. And this is far to be the first problem they encounter in the last three years. :(

I'm not one to scream "THE SKY IS FALLING!" but I did talk to one person last night that was helping their friend set up CCBill on their site, as they are removing iBill because of this.

I also got this from one of my sponsors:

To: blamo@concentric.net
Subject: Adult Cashier: CCBILL as primary billing
From: support@adultcashier.com

Hello, Webmaster

We recommend to our masters to put CCBILL as primary billing , until then will not be received explanations from iBill concerning the current problems.
You are able to do it here http://www.adultcashier.com/wm/wm.php?cmd=personal

If you were not registered yet in CCBiLL you can be registered here http://www.adultcashier.com/wm/wm.php?cmd=ccbillpayinfo

Thank you
Support

The only ibill sponsor I use just switched over to ccbill too, I got the email. Thankfully I used an FPA for ALL the galleries I made promoting them and don't have to change anything other than that which I already did.

Too bad as I checked my ibill stats and that measly $200 was starting to grow. This month I was making a new sale more than every second day. Still not any real big money though thankfully. :)

My bad- Although they are still promising the world to their bigger clients, and I based my post on the information sent from internal higher-ups.....

This ibill thing is getting worse. Looking at my checks received over the last month I have a few other (small check) sponsors using them too. I never really thought about it because I login to their admin to see stats. :(

I guess it's surprising plus all the others using them under MPA2 or NATS.

got the same email this morning and changed right away

It's true if Ibill is to survive this incident they will need their old clients to stay otherwise they will face serious solvency issues as people migrate to the other processors.

The irony to that is that we are not being compensated for the increased risk. As a matter of fact our payments will be delayed thus effectively lengthening our accounts receivables i.e. reducing our effective ROI and in turn giving them a free loan.

I personally hope they pull through since I doubt any of us will get a cent of the money they owe if they go chapter 11.

Here is what was recently posted on a certain other board, by Mark from Ibill:

"To squelch any rumors, distortions or innuendos that have been erroneously posted on these boards, we are making the following information available. iBill is pleased to announce that the company has entered into a new processing agreement with a domestic association-registered party. The new relationship involves processing transactions through a domestic acquirer and settlement bank.

More details to follow next week. We are very excited about some new opportunities that have risen from some tough challenges we have gone through. It has definitely been a September to remember. On that note, we have officially gone under Hurricane warning in our area so our office will be operating at minimal staff for the next few days. Rest assured we have a well tested business continuity plan at this point. Updates will be posted on CMI.

As far as payouts that have been affected by First Data, we expect to get back on track next week. We understand this is the most important priority for our clients.

Mark"

FYI - Allegedly IBill are not taking Visa transactions at the moment,...

:(

DD

this is my own fault

I should have tossed them months ago

I was thinking the exact same thing

Verotel - Putting trust in global payments since 1998. |shake|

Epoch and CCBill aren't the only other alternatives, heck if you have your own merc account we'll process you no problem ... if not we might be able to fix that too verrrrrry soon ;)

Just posted on the ibill site for their new requirements for having visa or mastercard
******
Costs:
$1500 VISA high-risk merchant account fee - this fee is NOT required up front and your application will be reviewed for approval without payment of the fee. However, if approved, the fee will be required for processing to begin.
iBill fees will be fixed and will be based on the same rate you are currently paying.
Initial six-month reserve, reviewed quarterly for potential adjustment upward or downward (no more rolling reserve).

*****

Um what the fuck! I just paid these jerkoffs $350 to keep my account rolling for another year despite my best thoughts and now they're throwing this at us.
I tried calling and was given the brushoff.

Isn't it lovely how after 7 years with a company they act as if you owe them. Their statement doesn't give any indication about lower per transaction fees or any benefit. Its just pay us $1500, give us tons of very specific information about your business location, tax returns,etc and we'll consider keeping your business open for another year.

Working for the ACLU makes me extremeley weary of supplying them with some of the information listed in that form, even if I were willing to fork over $1500, which I'm not.

Since they're not providing the service that I paid $350 for the right to have Visa for this year, shouldn't I be entitled to that money back?

Anyone have any ideas on what I should do to respond to this?

-WildChyld

WildChyld

It sounds like they changed the terms of your contract so you should be entitled to a refund.

the contract looks like we will be appying for a merchant account

if we are getting our own merchant account why do we have to pay ibill 15%

this looks to me like a huge rip off

I am not sure weather to call epoch or ccbill monday

what do you guys think ?

Both Tommy
And get a cascading system.

toms thumbs is a small site

5k a month, i dont think its worth having two processors