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Originally Posted by charly
For the future select a processor the same way you select your bank.
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The sad thing is that really should be blindingly obvious. But then adult is still one of the few areas left where you don't always need good business skills to make money. Some of the people 'defending' iBill through this have more than proven that. That's slowly changing and those that will still be around in 5, 10, 15 years time will be the ones with good business skills and a good dollop of common sense.
The people I feel for more than anyone are many of the smaller guys, often just affiliates. Some of these people often depend primarily on a single revenue source and were hit hard. Yep, the writing had been on the wall in huge letters for ages and people chose to ignore it. However for many of the smaller guys, especially affiliates, it would have been far less clear and the hit was probably totally unexpected for them.
It certainly now looks like (and let's be honest has for a very, very long while) that the best any of them can hope for is a small % of their money back and those resposible to be held accountable. Only time will tell if either happens.