IBILL UPDATE....Not in a position to Pay?
 

iBill News
Last Updated: Wednesday 26 January 2005 at 5:28 PM U.S. Eastern Time

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Payout Update 01/26/05
EU Payout Update
As previously stated, we have established a relationship with Credit Suisse and we are moving forward with the steps necessary to complete the process of setting up a bank account. Please be assured that we have every intention of paying our clients as soon as the Credit Suisse account is setup and the funds are received from our European processor. Please check back on Wednesday February 2, 2005, for another update.

US Payout Update
At this time we are not in a position to provide a date on outstanding US Payouts. As soon as we have more information an update will be provided. Again, we have every intention of paying our clients.


WTF..where does out 80% of the money they take in go :warning . <please dont answer that >

The lies they tell are now getting longer and longer apart. :2 cents:

DEA:

Best not to ask these awkward questions DEA :-)

The term "felony fraud" comes to mind - I dunno why tho....

bankrupcy isn't so bad, Just ask Trump.

Hi iBill :winkwink: Hope you monitor the boards and see this - sure ya do, I know you do!

Just bumping this thread cos I depise liars, scammers and thieves ....

And here is an ongoing iBill scenario...

http://www.oregonherald.com/home.htm?m=ibill



BTW... Are there any webmasters who have

(1) had checks from iBill, with a value in excess of $100 (na, less ain't worth the effort!) which have been returned by your bank because of insufficent funds?

(2) had wire transfers from iBill not delivered to your bank?

(3) been told of payments made by iBill where that payment did not materialize in whatever form?

(4) been advised by iBill that they will cease paying the 10% of funds held because you have terminated your iBill account thru their inability to pay under the terms of your contract with them.

I've got this list of .. about 20 webmasters where one or more of these four items apply. Any more that can increase this list??

There is a point to this and not just casual curiosity :-)

Dont you guys get it ?
 

Ibill just doesn't give a shit. They already have your money what else do they need to do take from you, your first born before people realize what the fuck is going on ?

heh, i can think of at least one user here who would need to lose their first born to believe it..

The name of the game is not sitting waiting on a magical day iBill may become "uncrooked" and dispense all webmasters with all funds and some extra interest as a gift, but more towards:

1) Recovery of ALL funds owing - tho this is remote, but can be partially achieved using alternative options.

2) Pressing for appropriate action from other organizations to ensure that an investigation is opened into iBill from the time prior to the sale to PHSL.

Currently the previous owners are not talking for fear they will be served. They need serving with some papers along with Luis Molina and Jason Galanis - tho there are around 20-30 more in the queue, some of whom are already under investigation (some of these investigations are not specifically iBill related - yet).

I know very little about the background of iBill, there is bound to be a LOT more, - that usually is the case with people like Galanis, - but I sure as hell know there are more than adequate grounds for an investigation into possible criminal activity and several violations of corporate laws.

Least for me and a number of other webmasters, it's not about retrieving dollars, tho that would be nice. It's about fraud and lying on the part of iBill and a settlement time - in one form or other - with those responsible.

That may take some years yet, but the patience end is the easy bit.

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"

"we are moving forward"
"we have every intention of paying our clients"


Been hearing it for some time now.....

ibill sucks

I can't hear ya!! What was that you were saying kw?? :winkwink:


Yeah... it's all full of "intentions", "progress" and loads of "if's", "when's" and "but's". If there is any fact, that is that they promise another update, - tho that can't be guaranteed much longer.

There are loads of cases of felony fraud where the perp stated how they had "every intention of paying". What else can ya say?? :-)

There used to be two but one of them STFU and started legal action

BTW... On all of this "moving forward" and "intention" shit....

This is how much they value their own statements on "moving forward"...


They disclaim em!

a side from recurring/rebills ... does anyone even use them for new joins?

I know of some folks who do. There is a reason for this - it's not the value of the odd signups they are bothering about, - more a judgement on other stuff which will probably be made in February.

NO !

and will cancel rebills as of 02/15 if nothing changes.

Webby, I'm not a webmaster with iBill, just a revshare partner who has thousands of dollars in rebills gone down the toilet.

I never received their promised magic Jan 5th revshare check for a measly few hundred dollars (since they conveniently ignored the thousands they didn't pay since they ate a dick).

If I don't "fit the profile" that's cool. If you want to talk, shoot me an ICQ 536 18 488

is this really shocking to anybody?

Nope.



Hitting you up Ludedude! :thumbsup

They promised to pay on a date they cant make that date .You accuse them of lying and everyone crys how they want the truth. They give you the truth we dont know when we can pay you and everyone complains. lol

It's past all that Tony.

It is also not just a matter of a company having financial problems - few can moan when a biz does have problems. Any biz either goes up or down - it's the risk with trading with anyone.

iBill is a business trading fraudently. I'm not saying that lightly.

It is a business where the management gave instructions to staff to behave in a... certain way towards clients which demonstrates a lot.

It is a business controlled by principals who are incompetent/unfit and already in violation of corporate law.

It is a business that a judge has already made a ruling on, specifically that, "all of iBill's problems are of their own making".

It is a business where the full truth is 99% deficient - some call that lying.

There is loads more.. but what the hell :-)

It is all up to others to decide what action they care to take and eventually a jury to throw back a verdict.



PS I ain't "attacking" iBill staff /reps - they know exactly what the situation is and don't like it - some of em are very honest.

IBD and PHSL make good sleeping partners...

IBD have plenty happy investors - much in line with iBill's 1000's of happy webmasters..

http://finance.yahoo.com/q/hp?s=IBD&...=28&f=2005&g=m

You have to be the one remaining iBill fan.

How much money are you potentially losing while sitting there hoping you get paid?

When I was looking for a new processor I looked hard at IBILL, even though their history was not good.

I then looked at who had bought IBILL and joined CCBILL and My Virtual Card. Got to be honest when the son of a felon, who was involved with the company his Father robbed takes over control of a compnay handling my money, I get my arse out of there so fast.

I feel for you guys, but Galanis is not the type of man to run anything where taking other peoples money is involved. The bank dealing with IBILL probably saw it right away and walked.

Those who were with IBILL and did not quietly slip out the back door have only themselves to blame. I am adopting this stance as a warning to anyone else.

We were with Multicards in Holland, one month a payment was late so I phoned up to find out why. When told by the boss, "The girl that deals with payments is on holiday" I signed up to another processor.

For the future select a processor the same way you select your bank.

If we were with IBill that little quote just there would be a real worry...

I too am owed a lot of money by ibill. What a ridiculous company.

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.

As a former employee of iBill, it makes me wonder if they have you on their payroll :1orglaugh You have more confidence than the 15 or so employees that have picked up and left within the past month in a half.

Seriously, if you only knew :disgust I understand you want to get your money, but the chances are slim to none. Sure they will throw you a bone every once in a while.

Good Luck :thumbsup

For what its worth:

We recently spoke to a certain person at iBill of some authority. During the course of the conversation we were told of a significant event concerning iBill that will likely happen next week. If this event actually happens, it would be just about the best news we could get out of iBill other than notification of payment in full.

Seeing as iBill has not made this information public, I don't feel its my place to say anything specific about it. I'd hate to put my source in a bad place. Also, given iBill's recent history, I have a hard time believing anything I hear from iBill. If it pans out, I'd give this source much more credibility than (s)he currently has. If it doesn't pan out, I'd hate to have contributed to iBill's misinformation campaign.

No comment. :upsidedow

So next week they will declare bankruptcy? About fucking time.

In October I had hope and bought their lies..put up Gkard.
In only took me that "prerecorded" conference call to switch processors.
This is what I do since they still owe me 30k plus. Twice a week I switch join button links for a couple of hours and monitor 2-3 joins, then switch right back.
40 bucks is not going to make or break me and I am fucking them in the ass as they are doing to us. Meanwhile the "token" deposits of 4-5k makes up for the 10 minutes I spend.
Fuck you ibill!!! Oh and thanks for the brand new Toshiba laptop your fuck up triggered.

http://www.3wcash.com/thekey.wmv

Actually that would be just about the worst thing that could happen. Try again.

I have my fingers crossed man, I hope they get through this mess. They owe me a lot of cash that I'd like to see one day.

merge ????

Cummon NetRodent!! :winkwink:

You spoke with a "certain person at iBill of some authority"??

Man.. All staff including persons with *some* authority have been conned as well as webmasters and iBill creditors.

They have also been instructed to do shit they would also not normally do or have any desire to do. A few of em find this one pathetic embarassing non-joke - they are hearing of the problems of webmasters and ain't too happy about their role - especially when they have to respond with lies.

iBill is a biz operated very close to the chests of a rare few and behind closed doors. There is more than the normal reason for this.

Nothing that is produced, either verbally or in writing by iBill managment has nada credence whatsoever. They cannot be trusted and have proven this in many ways now - some of this has been demonstrated publically, others in dealings with clients/webmasters.

Unless some generous benefactor walks along with around $30mill and donates this, - cos he sure as hell ain't going to get it back - there is nothing that can be said to be "forward looking" about iBill. They fucked it themselves and the individuals will be accountable, irrespective of the existance of iBill.

BTW.. That refererence in your conversation *may* have been the completion of the deal with IBD which alledgedly took place last Friday. However, there is nothing good in that for anyone - just more problems - but maybe less lies, who knows?

Personally... I really do not give one fuck about this lying fraudulent corp and their "intentions to pay". I've only met two people in my life who seriously needed jailing - both are now in jail. I think I've met the next mob who need to explain some events to relevant authorities, else they need to go the same way. Hate to say it, but I smell this time will come in the iBill saga.

Ever wonder how the fuck it is permissable in law to allow individuals with the background of Galanis/Molina blah to buy a corp like iBill which is handling the funds of others? It's like letting em buy a bank to fuck the clients.

What you were told was another crock of shit most likely. The bottom line is the next big ibill news is the filing of bankruptcy imho :2 cents:

I've heard probably what you are talking about as well. It would obviously be good news, but when you consider that they are receiving revenues (particularily from EU clients) already it is difficult to understand why it matters.

So those of us who are faithful (or have our feet nailed to the deck) will wait another week. But if this doesn't pan out it's going to take more than faith.

Adult ??????
 

After read various so called news story's about the Ibill purchase i find so many holes in the reports and information left out so that Ibill appears clean cut and wholesome. Notice how there is no talk of Adult online processing in the story below. Instead they talk of video stores and shit like that. What happened to the fact that the adult business made Ibill all the millions that they spent stole or squandered... Guess we are just too insignificant to worry about?