Quote:
Originally Posted by sltr
i don't see the relation b/w the current sub-prime lending fiasco and getting my merchant account yanked..
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banks made a lot of the money off the mortages before the credit crunch, now they are carefully thinking out who they are going to issue loans to, because so many are defaulting, and they made money off of not being careful enough in the past, and are now getting hit
the same principle can apply to merchant accounts
and im not saying it would get pulled, some people taking risks may lose theirs, banks may not issue them as freely as they are now, and some banks may pull out, but as long as your numbers make sense, netbilling is smart enough to make sure you are taken care of