Thread: Bye Bye iBill
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Old 2005-01-29, 12:02 PM   #102
cd34
a.k.a. Sparky
 
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Join Date: Sep 2004
Location: West Palm Beach, FL, USA
Posts: 2,396
I have two theories:

1) they set up a new merchant account with the same acquiring bank that CCBill uses. In addition to the 10% rolling reserve and the fact it was public in the processing community that their account was terminated with FirstData, there may have been a hold placed on the initial money. I've heard, but not been able to confirm that two board members were silently replaced about the time they were applying for the new merchant account.

b) there are a number of newer 7 series Bimmers and Merc SLs in the parking lot.
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