robslimo's Journal: iBill about to do an ENRON?

iBill's purpose in business is to provide an easy-to-use, secure means of accepting online payments. Most web-fronted business are happy to let iBill skim a little off the top to avoid the hassle of handling payments themselves. Lately, they've been skimming it all.

The owner of one high-traffic site says "(IBill) has not been paying out for almost 4 months now." For a busy operation like his (not fieldlines.com), 4 months with no cashflow has got to be nerve-wracking.

Since iBill is apparently the world's largest internet payment service, how many other business are being strung along? If it turns out to be a house of cards that falls like another ENRON, there will doubtless be many little guys taken down with it.