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goBigtime · 01-14-2003, 05:26 PM

Let's talk about the pro's & con's as well as setup charges and options for both.

One of the more obvious bonuses is a lower discount rate (fees):

I haven't looked very hard yet.. but so far I found an "ADULT OK" merchant account with pricing like this:

======== Merchant Account 1 ==================
Application Fee $195 +$2000 for "High Risk"
(I think the visa/mc regs are standard everywhere

3.65% + 35cents per transaction.
5% Reserve for 6-12 months.
$0 Upfront deposit
$25 minimum monthly transfer fee.

(This is not through me or anyone I know.. jsut found it on the web..if you know of other deals please post them)
=========================================

Another benefit is I think you get the money credited to your account ~3 days after the charge is made.

One of the drawbacks of course is you would need to do your own customer support & reporting.

The thing thats funny to me about all this Visa regulation stuff is now we techinically have our own merchant accounts under the IPSPs, and they are doing Gateway+ processing for us.... the fees should be CONSIDERABLY LOWER now, because the level of service we are getting is lower (our chargeback/refund umbrellas no longer exist) and it's now up to visa if we get terminated as well as the IPSP's.

01-14-2003, 05:26 PM
goBigtime Confirmed User Join Date: Nov 2002 Posts: 7,761	IPSPs Vs. Your OWN merchant account. Let's talk about the pro's & con's as well as setup charges and options for both. One of the more obvious bonuses is a lower discount rate (fees): I haven't looked very hard yet.. but so far I found an "ADULT OK" merchant account with pricing like this: ======== Merchant Account 1 ================== Application Fee $195 +$2000 for "High Risk" (I think the visa/mc regs are standard everywhere 3.65% + 35cents per transaction. 5% Reserve for 6-12 months. $0 Upfront deposit $25 minimum monthly transfer fee. (This is not through me or anyone I know.. jsut found it on the web..if you know of other deals please post them) ========================================= Another benefit is I think you get the money credited to your account ~3 days after the charge is made. One of the drawbacks of course is you would need to do your own customer support & reporting. The thing thats funny to me about all this Visa regulation stuff is now we techinically have our own merchant accounts under the IPSPs, and they are doing Gateway+ processing for us.... the fees should be CONSIDERABLY LOWER now, because the level of service we are getting is lower (our chargeback/refund umbrellas no longer exist) and it's now up to visa if we get terminated as well as the IPSP's. Last edited by goBigtime; 01-14-2003 at 05:29 PM..