Intabill customers appear to have been thrown a lifeline from an unknown payment provider, Payovation.

A recent post on the WebHostingTalk forums includes a letter from the CEO of Payovation, who managed to aquire the assets of Intabill just before it entered administration.

July 10, 2009

Dear Merchant,

You may have recently read or heard that Intabill has entered into voluntary liquidation or administration.

I am pleased to inform you that on July 7 2009, prior to Intabill entering into administration, Payovation purchased all core Intellectual Property from Intabill, allowing for a smooth and seamless transition of their processing platform and all merchant accounts into our care and control.

Payovation is an international payment gateway and processor, providing highly reliable merchant services to merchants around the world.

Payovation brings an experienced team of senior management with many years of processing experience to ensure a smooth, seamless and profitable future for all of its clients and customers. Please be assured that your existing Intabill merchant account will continue to operate under Payovation without interruption or change.

Existing Intabill merchant accounts will remain on the same processing platform which is now being run by Payovation. A Payovation representative will be in touch with you in the coming days to answer any questions or queries you may have, however in the interim please find below some questions and answers related to this change in ownership and servicing. The experienced team here at Payovation looks forward to providing you with a reliable processing solution you can depend on.

Yours sincerely,

Michael

Michael Hui
Chief Executive Officer
Payovation

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FAQS

Q: Will I receive rolling reserve payouts owed to me from Intabill?
If you had a live active merchant account with Intabill, your reserve will be transferred over to Payovation.

Q: What happens to my current processing funds?
All funds recently processed by Intabill have been transferred to Payovation. You will continue to receive all payments owed to you on the same settlement schedule as you had with Intabill.

Q: When will my settlements occur?
Payovation will maintain your settlements on the same schedule you had with Intabill.

Q: Will I need to reintegrate with Payovation?
At the present moment we do not foresee a need to reintegrate merchant accounts, as Payovation has acquired the processing systems and intellectual property formerly used by Intabill.