Bye Bye iBill

Altheon · 2004-09-24, 03:24 PM

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.

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2004-09-24, 03:24 PM	#11
Altheon Heh Heh Heh! Lisa! Vampires are make believe, just like elves and gremlins and eskimos! Join Date: Jan 2004 Posts: 74	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.