IBill says it is not pulling away from third-party billing work, contrary to speculation which hit the Internet July 29.
The confusion and the questions began after a copy of an IBill contract agreement was posted on an adult Webmaster discussion board. They highlight the uncertainty making its way around the adult Internet in the wake of recent and coming changes in Visa and MasterCard chargeback and refund limit reqirements for what the credit companies call high-risk businesses.
But an IBill marketing representative told AVN.com it was an agreement tailored for the company's mainstream clients, not adult clients. "They put two and two together," the unidentified representative said. "We've got a MasterCard-compliant processing for our adult clients, but we do not have the same type arrangement available for our mainstream clients. What the (Webmaster) did was get hold of the mainstream agreement and pasted it on (a discussion board)."
The representative said IBill responded to that posting "and tried to set the record straight. I don't think there's any confusion now."
Last week, Cybernet Ventures sold its third party billing operation, saying it would concentrate on AVS and adult Webmaster affiliate programs. And GloBill closed down shop rather than face what it said was likely to be hundreds of thousands in accelerated fees under stringent new Visa and MasterCard regulations involving chargeback limits.
