{"id":96,"date":"2005-02-17T12:25:30","date_gmt":"2005-02-17T12:25:30","guid":{"rendered":"http:\/\/gaisan.com\/wordp\/?p=96"},"modified":"2005-02-17T12:25:30","modified_gmt":"2005-02-17T12:25:30","slug":"i-presume-ibill-is-going-to-pay-interest-on-overdue-payments","status":"publish","type":"post","link":"http:\/\/gaisan.com\/blogs\/?p=96","title":{"rendered":"I presume iBill is going to pay interest on overdue payments?"},"content":{"rendered":"<p>I seriously doubt it however! <br \/><a href=\"http:\/\/www.ibill.com\/\">iBill<\/a> or <i>&#8220;Internet Billing&#8221;<\/i> is a secure online payments provider that promises to simplify the process of payments processing for small businesses that don&#8217;t want the hassle of setting up their own merchant account or deploying their own online credit-card payment system. Sounds like a good idea &#038; it is. However, iBill charge an absolutely staggering 30% of gross sales for this service. 20% processing charge and an additional 10% for <i>&#8220;reserves&#8221;<\/i>. <b>&#8220;That&#8217;s amoral&#8221;<\/b> I hear you say.. NO, <a href=\"http:\/\/www.newyorkdailytimes.com\/home.htm?m=ibill\">this<\/a> is amoral. It turns out that iBill haven&#8217;t been paying their customers for months. With a wait of around 4 months for customers to find a new payment processor iBill can afford to make empty promises for quite a while, god knows where the money is going. According to the NYTimes article the company is currently under investigation by the US Dept of Justice &#038; a class action lawsuit by disgruntled clients is reportedly on the way.<br \/>\nInterestingly enough I asked around &#038; several friends thought that iBill was associated with Apple in some shape or form. the lower case <b><i>i<\/i><\/b> is very reminiscent of Apple&#8217;s product nomenclature. Apple take note!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I seriously doubt it however! iBill or &#8220;Internet Billing&#8221; is a secure online payments provider that promises to simplify the process of payments processing for small businesses that don&#8217;t want the hassle of setting up their own merchant account or deploying their own online credit-card payment system. Sounds like a good idea &#038; it is. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/96"}],"collection":[{"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96"}],"version-history":[{"count":0,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/96\/revisions"}],"wp:attachment":[{"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/gaisan.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}