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wonton · 10-30-2002, 06:26 PM

Hook up with your own merchant account? Uhhh... you might make a few more percentage points but what Mitch and others selling high risk merchant accounts don't tell you is that YOU become liable for some pretty crazy Visa/Mastercard fines. And I'm not talkin' bout the $750 registration fee. Both Visa and Mastercard will EACH nail you in the neighborhood of up to $100,000 PER MONTH if you pass 1% chargebacks. Think about that.

$100,000 PER MONTH !!!!

Ouch!!

Now I'm all pissed off at Visa/MC again. Shit. And I was recuperating nicely these last coupla weeks. Fuck 'em.

10-30-2002, 06:26 PM
wonton Confirmed User Join Date: Apr 2002 Posts: 802	Hook up with your own merchant account? Uhhh... you might make a few more percentage points but what Mitch and others selling high risk merchant accounts don't tell you is that YOU become liable for some pretty crazy Visa/Mastercard fines. And I'm not talkin' bout the $750 registration fee. Both Visa and Mastercard will EACH nail you in the neighborhood of up to $100,000 PER MONTH if you pass 1% chargebacks. Think about that. $100,000 PER MONTH !!!! Ouch!! Now I'm all pissed off at Visa/MC again. Shit. And I was recuperating nicely these last coupla weeks. Fuck 'em.