Adult Merchant Account ~ Limited

Do you still have room?

bump - any more room?

I'll take 2 spots.

Thanks!

Interesting that you've got any room in your cap, that is some news.

Kimmy,

I give me a ring to discuss some biz.

Thanks, Mitch

Anyone not getting one of the elusive Humbolt slots can hit me up, I have MANY solutions for merchant account placement!

Vivki

Will you be at Webmaster access? We should have a sit down there.

Mitch

can somebody explain this to me? maybe it's obvious but i just want to make sure what they mean by the above.

thanks

Mitch

Unfortunately I won't be going to the webmaster access .. I'm being hijacked by German bankers that week lol

However, I WILL be in Vegas as usual .. lets plan a chit-chat

btw If any of you know any gamer (gambling) guys that got caught up in that hubbub yesterday and are looking for solid solutions they SERIOUSLY need to talk to me, I have the best gaming solution on the planet! ;)

Seems to me they want to hold 10% of the revenue until you reach half of your monthly volume. So if you were doing 100k a month they would hold 10k a month in reseve until 50k was in your reserves.

Hi Mutt

I believe what Steve is saying is:
if your monthly volume is 200k
they hold back 10% of each payout until they have accumulated 100k of it.
After they have that amount they reduce to 0% until such time as your rolling begins to payout and they need to recoup again OR if your volumes increase overall.

jfyi there is only one other US bank still taking adult high risk applications, they have 0% reserve. However they prefer lesser volumes than Humbolt

lemme know if you have more questions, I don't mind answering even if you aren't my client


edited to add: after shock beat me to it and is right on the money!

jfyi there is only one other US bank still taking adult high risk applications, they have 0% reserve. However they prefer lesser volumes than Humbolt

What bank does ccbill process with, what bank does paycomb process with?

And are they US BANKS? So paycom and ccbil have how many options to fall back on?

I'd be interested in truly learning how the processing industry is working.

everybody is processing under humbolt? That's scary

the industry is relying on one bank ??

Joshuawk
CCBill does indeed use a US bank as ONE of their sources (unless something changed very recently) but it is not their only source. I consider them to be very stable in their positioning.
Paycom's banking sources are elsewhere

The US banks are dealing with overage percentages so it limits their ability to bring on new applicants. You see they are limited to underwriting only 20% of their volumes for high-risk ... it must be load balanced with mainstream or 'white' acccounts to keep the ratios down. When they go over their percentages the card associations fine them some serious $.
Steve from Humbolt can attest to this and thats the reason they occasionally open for a new account or two .. they have load balanced to allow the new volume.

lol no, not everyone is processing through Humbolt, Merrick has plenty of industry guys placed as do other reliable entities. (However ... Merrick is in the process of getting new owners so time will tell if any changes are going to come about because of that)

Its not a scary as it seems, there are countless banks throughout the world (some much larger and more stable than our US ones) allowing for adult as well as the other high-risk genres, so to say the industry is balancing on the strength of one bank is simply not true.

No - We have merchant accounts with 2 domestic banks including Humboldt and 2 offshore. All of our processing and customer service is handled by Netbilling.

It's not rocket science to figure out where someone is processing. In order to be in compliance, the company must be located in the region that they authorize and settle their transactions, as should their clients.

Thus, CCBill and Paycom's regular business is through US banks. That would be the reason for them requiring US entities to use the processing. CCBillEU and PaycomEU would be located with EU banks.

Someone requiring an Asian corporation to settle, such as we do, would be processing with an EU bank.

If someone required you get a corporation on Mars, well, I guess you can see where this is going...