It is obvious to me...that "atleast" CC-Bill and I-BIll "GOT TOGETHER" and came up with this Shared Merchant Program.
I mean...my goodness....I receieved the letter from CC-BIll...and saved it to my hard drive of course....and "then"....when I received the letter from I-Bill I attempted to do the same thing...and it had the "same exact file name"...
Not to mention...the fact that CC-Bill clearly "ADDED" I-Bill, EPOCH and Paycom in their original letter.
Not to mention that I-BIll has the identical paragraph (the 2nds paragraph) in their letter......
THey are doing this "on thier own"....
Too many people have contacted VISA.....and VISA is clueless.
I have personally contacted Bank of America...which is the financial institution for CC-Bill...and they are stumped.
Bank of America attempted to contacted CC-Bill on my behalf...and CC-BIll's legal department "HUNG UP" on their own banking institution.
Ummmmmmmmmmmmmmmmm....so....since this all seems to be targeted towards (and there is no doubt in my mind that the internet billing companies involved here were slammed with fines for poor account management)....I just wonderd if Pay Pal would soon impose this same sort of scheme.
They do own E-Bay. E-Bay sells Adult Material.
I am not sure how they would handle it...and I could assume that thier Chargeback Rate is controlled....but then again....I have assumed incorrectly about alot of other things....so.....
If we switch our billing to Pay Pal.....are we just running from thee inevitable?
I used to think that I-BIll was somewhat credible as well...until I received the following e-mail regarding "PAYOUT" of my Web900 Account:
Dear Valued Client,
WorldCom is iBill’s provider of 900-telephone service for our Web 900 product. On July 21st, WorldCom filed for Chapter 11 Bankruptcy protection. As a result, iBill has not been compensated by WorldCom for Web 900 purchases made for May, June and through July 21st. In good faith, iBill processed May’s payments to our clients with out being paid by Worldcom. Until WorldCom compensates iBill for the outstanding Web 900 purchases made from June 1 until July 21st, we will be unable to pay our clients for those Web 900 sales. We, along with all of WorldCom’s creditors, are working with WorldCom’s legal team towards resolution. As soon as iBill is compensated from Worldcom for these sales, we will forward payment to all clients.
On July 22nd WorldCom formed a new corporation (also called WorldCom). This new corporation is solvent and will continue to provide 900-telephone service. Payments accepted via Web 900 from July 22nd forward will be collected and paid out by WorldCom and iBill as scheduled. There is no need to take down your Web 900 buttons or make any changes to sub accounts. Web 900 service will continue uninterrupted.
If you have any questions or comments, please contact a client service representative. Your understanding and patience is greatly appreciated.
TO DATE....they have not paid me one thin dime. And they are "into me" for over $4 grand.
Odds are that at some point Pay-Pal may wind up doing the same thing. But primarily because it processes a lot of high risk transactions, not just because it does adult material.
This change is not just targeted at those of us that do adult sites, it is targeted at the high risk portion of all industries, which happens to be anything internet.
After all think about it, adult sites make tons of money if they are run right by good business people right. Take yours for example, 700 members, most would kill for that. And to do it without any chargebacks, even better.
Your best bet would be get yourself a merchant account, make sure you have your CCBill history to show that you have had no chargebacks, then get a good script for setting up your usernames and passwords and go to it. In the end you will have control over your customers then and not CCBill.