iBill being SOLD - - - ??

[Bell]

not sure if this is old news to you all or not...

but I just read it on another board - that iBill is
being sold....

I haven't read the articles through yet...

here you go (vicki first posted them)

http://news.moneycentral.msn.com/ticker/article.asp?Feed=PR&Date=20040211&ID=3381649&Symbol=US:ICPT

http://biz.yahoo.com/rc/040211/financial_intercept_2.html



~Bell

[Misty Kristy]

Looks like they're selling for $35M, I would have thought it they were valued higher

[TrafficFreak]

With all the changes in the biz, all the different payment options closing, I wonder where this will leave us

[Extreme John]

They arent the company they use to be, they were taken over by another company that bought the entire netwrok of companies which included iBill like 2 years ago I believe, at that point is when they took a pretty big shit.

[Jman]

this has been the worst year for billing companies ever|pcsucks|

[Wazza]

At least it'll now be owned by ppl who actually want to own it... could be a good thing...

[MrsHackula]

That's what we're hoping for. There's nothing to do but wait and see... And hope for the best but prepare for the worst. |scared|

[Extreme John]

Who knows could turn out to be excellent, the world could use at least ONE more Paycom or CCBill, it would be a good thing, I wouldnt mind getting a better deal on the processing fee's we get ripped on every week. (not to mention the inconsistant wire transfer fee's from a certain company).

One week it's $38, the next week it's $38.06, the week after that it's $43.02... Horse shit, US to US wires shouldnt cost more than $25, not to mention they sure as hell shouldnt change.

In the end, just victims of the processors :)

[TrafficFreak]

I've been in this business for 5+ years now and more and more I'm starting to see that those of us who do not own paysites with a merchant account are at the whim of others whether it be billing processors, link lists, search engines or what not I think that is why this business is getting harder and harder and less and less newbies are actually making it Just my 2 cents, not really blaming anyone, just making an observation here :)