Quote:
Originally Posted by tony404
The question is when will we learn, we are down to a 1% cb ratio, checks are now at a 1% ratio,amex and paypal said fuck you. When is the next bomb going to drop. If you think people can keep blowing up merchant accounts and Visa is going to do nothing.I think we are kidding ourselves.
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At the Atlanta Forum I want you to ask some MAJOR players with big programs that do thousands of x-sells a day. I want you to ask them their cb ration. They laugh at 1% because none of them ever come CLOSE to that figure. They are all FAR below 1 %
I'm not going to go into it in public, but tony...there are ways to ensure that cb doesn't happen. Smart people in this business know how to make money, not how to lose it. And it's not smart to keep talking about this.