Quote:
Originally posted by EscortBiz
I offered him $1.7 Million and he turned it down I dont think he will accept your offer
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The figures I was given and again I could be wrong.
12,000 members at 29.95
No partner program
With a rough income of 350k gross
Now after your bandwidth and Ibill fees assuming he has
gotten a better break than the 15% let's say he got them to 10%
You have Ibill for a partner at 10% and reserves you get (reserves) unless VISA wants to yank your account.
When I base a buyout you are also assuming risk, to pay anything over 3 months at this point you are just plain asking for trouble.
You can not control the credit card industry. I like to limit my risk.
Now if he had his own merchant account my offer would have been different, seeing I can?t transfer Ibill?s over to mine
this is the offer I put on the table.
As far as my offer it was not made to be slammed, it was there if he wanted to talk that's fine if not that was fine to.
At your 1.7 that is to much of a risk for me
