Ok... I don't ever really post here but because I used iBill solely when all this happened, I decided I'd add my 2 cents. I think suing right now wouldn't be a good idea. The post/update they made says something will be stated by March 9th that supercedes previous agreements (promissory notes which never got completed).
Anyways, I have a model who contacted me about starting a site... had no clue about what was going on with iBill and I told her. She then contacted that rep. asking about people not being paid and this was his response.. but I've left his name out:
Hi There,
Yes, this is true….we had a cash flow issue that is going to be resolved within the next 2 weeks. We have new investors that realize that iBill is a cash cow and have already spent millions of dollars for upgrades and to keep the company up and running.
Understand if you do not want to move forward with placing our button, however, remember that there are no more Visa registration fees in order to accept Visa transacts that will make up about 80% of your transactions.
Please let me know what you would like to do.
Thanks,
iBill Major Account Representative I
He sounds positive about a resolution and payments... but then again he may just be blowing smoke up her ass in an attempt to get new clients. I say everyone should just wait it out a bit more and see just what the exact plan is going to be. I hope they just pay it all off in a lump sum..... or at least a few thousand in a lump sum and the rest over a period of time. Just show us you plan to pay us by giving us something more than fucking lame promises and updates that never come. If their plan is to split the payments up over the next year... I'm totally against that.
Kymber
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