I just got back from Ibill
 

They had an executive roundtable today with some big industry people. The new management team there is top notch, and make no mistake, Ibill is profitable and will be here for us for a long time. Why do you think 2 of the 5 biggest programs out there use them?

With all the credit card turmoil, I feel good about using Paycom and Ibill for my processing.

I'm tired, my flight was delayed 3 hours in Dallas.

:glugglug

Interesting. So, they knew people would be wondering if they are stable, so they invite some big guns over to show them around the office. Apparently, they impressed them.

Devil's advocate: Might Adult.com be getting some preferential treatment to stand up and say "the boat isn't sinking"?

Thanx for sharing Lens, we were just discussing new processors for our new programs :thumbsup

It's public information, they are a very profitable company. There have been a bunch of rumors, etc. about them around here. And they have not been responding. The truth is that they are very stable.

I wonder if it's because they never send out checks on time and pocket the interest. (kinda like another evil processor who shall remain nameless... WSB)

Lens, you still up?

'mr puff puff your bark aint loud enough, i know chihuahahas wit more rah rahs.'

:glugglug

There was a payment info verification issue at the first of the year related to the Visa thing, but other than that, I've never had any problem getting paid.

Going to bed.

dont worry niggah, im on the motherfucker.

:glugglug

edit: - deleted
I mixed up Globill and Ibill - sorry :( my fault

lensman, who made you a big industry guy??? newb!!

:winkwink:

no ones bigger than swoit

In all due respect to Lensman ................ FUCK IBILL!:321GFY

I don't think they would fuck with a guy like you, but I see too moany threads from small guys who live check to check.

Will not be giving them our business.

I agree with Charly... They will always do everything right for the 'big' accounts... But for the avg webmaster... they dont give a damn....

I would have to concur with Lens on this. I didn't make it to the executive round table but I had the top guys form ibill at my Vegas office last week... I've always had faith in them, been there for 6 years + and I'm sure we'll continue to push more of providers that way!

Swoit Rocks!!!

Marc, I guess your balls are bigger than len's...
they come to you, while they make him come to them
;-)))

:1orglaugh :1orglaugh :1orglaugh

it's OK, having balls smaller than Marc's is fine, it's still a big balls, right, Lens?

Lens, it's a good time to post the picture,
and I YES,
I am talking about your BALLS,
not your cars
;-))

Maybe they'll pay. Probably they will, actually. But to willingly involve yourself with a company with customer service of that poor calibur is suicide.

THAT'S my problem with iBill.

Glad to hear that Ibill is profitable and stable. What a relief! So I should be expecting to be paid the 30 grand they owe me on what day?

Ibill, I'll be the first to come here and sing your praises, the day I get my check.

Steve Lightspeed

yeap...MONEY talk,
not Len's praises repeating their own praises
;-0)

Serge - always stirring the pot, or just dumping it on the floor :)

Steve - are you speaking of the web900 money? I can't imagine you are speaking of cc processing dollars...

Marc,
don't let those big balls go into your head!
;-)))

...but I can name a few other heads they can go into
;-)))

i met boneprone at a roundtable pizza regarding jesus bill. there were a lot of industry bigots there.

3 hours.. ughhh..

I don't listen to rumors. I would try a product or service myself...

IBill rocks :glugglug

the stock market is down today but ibill is up, somethin must be goin on

I'm also in agreement with Lensman's assessment of iBill's management team and company direction.

Intercept's financials are public record, so their wasn't alot of time spent at the roundtable discussing the fact that ICPT is stable and profitable. ICPT is generating about 4 million profit per month, with only 32 million in long term debt they are not going under any time in the foreseeable future.

The roundtable was more than just iBill "singing their praises". There was alot of new information presented that focused on specific changes being made to their customer service call center, the coming changeover to a more robust billing engine (Next Gen), the status of the credit card association issues, and alternative billing.

Actions speak louder than words and iBills implementation of these projects will be something we will be closely watching here at the SCORE Group in the coming months. If they can successfully close these projects the industry as a whole will benefit greatly.

Marc, yeah, the 900 money -- they seem to have swept that under the rug. I recently spoke with an ex-Ibill rep who said that I should file suit against them, that they don't plan to pay it.

Did Ibill pay your 900 money?

contact me on icq if you'd rather chat privately

Steve
27296595

Lens,

Worldcom, Enron, Tyco, HealthSouth and others said they were profitible when they weren't.

Intercept reported an $.11 per share loss this past quarter (mostly relating to the purchase of iBill). The company pays its CEO over $575k a year for only $226.7M in sales (plus a gaggle of hacks that make $200k/yr.).

An average Costco location generates a similiar amount of sales per year and only pays the store manager around $120k-$180k.

http://biz.yahoo.com/p/i/icpt.html

Personally, I have never had a problem with iBill. I have used the service for over a year and I have always been paid on time. I do find them to be expensive and they take on little risk in return.

I've spoken with some of the upper management at IBill recently... mentioned this on at least one other post.

It seems to me that they realize where their mistakes have been made over the last year -- and what caused them to occur -- and it does seem to me that they are transitioning towards running their adult enterprises in a more sane and reliable manner, so that would make me tend to believe that they truly expect to stay in adult.

It's possible some of the management there doesn't particularly care for the adult business, but frankly if you walked into the situation that has occurred -- seeing these fines and stuff coming through, you'd probably be a bit freaked out as well if you weren't expecting such a thing...

At the end of the day it hurts the entire industry when a processor leaves, be it voluntarily or by force, and it's in everyone's best interests for things to improve there.

that's good news....:thumbsup

Few things to consider as well

It is well known that in the past Ibill has had SERIOUS data management issues - with the amount of data they have to manage this is a concern

Ibill in the past under old management with PURPOSEFUL INTENT MADE FRAUDULENT STATEMENTS, this included publicly lying on the hahahahahahaha board and making fraudulent posts

In the past Ibill also has very serious support issues for both clients and their customers

ICPT - Ibill's parent company has poor financials since taking over Ibill (though that is not the chief reason)

Look at ICPT performance over the past year
http://finance.yahoo.com/q?s=icpt&d=c

and all this is before we get to the Worldcom issue (I hate to say it but I see that as more a Worldcom issue than an Ibill issue and if Ibill didn't get paid from Worldcom - maybe Worldcom should be who has legal action taken against them and if that is the case .... get in line)

In 1997 through 1999 Ibill was among the premier 3RD party processing solutions, today even though it looks like they are trying to right their ship ..... I still have major concerns about Ibill, their stability and continued place in the 3RD party processing business

But you have to admit getting Lensman and Marc D on their side is good PR on Ibill's part and taking care of what most likely is 2 of their larger clients

Wheres the 900 money???.......Ibill are thieves, plain and simple...

I had sex with a goat once.

Her name was Isbill sorta close.

Think on it

Vick, one comment on the financials.

The former management of IBill was brought on board by the former owners to either take the company public or to sell the company to someone else.

If you look at how this was accomplished I don't think anyone can fault Garrett et al for doing exactly this.

Intercept finally decided to negotiate a way to take over management of the company as I understand it, early.

I think it might be a good idea to give them a chance to right things before nailing their coffin lid closed.