Quote:
Originally Posted by Socks
Well, what does CCBill do with the money while it's being held to be paid?
Do they invest any part of these excesses assuming they'll never have to use it all at once? They do have to hold money for periods of time.
I guess the question is how aggressive they are at trying to make extra money while the money sits and waits.
Good luck on getting an answer on that one lol. ;)
However, there's no better solution, so just live with the fact that in life there are risks, direct and indirect, foretold and unforseen.
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I think the original question that started this thread was asked in an effort to find out
just how much risk exists lately with CCBill - given the current economic forecast in the U.S.
Not to compare CCBill with iBill - but a LOT of people lost a crapload of money when iBill turned sour. You can't blame people for asking questions about the security of the revenue their livelihood relies on.
Unfortunately blind trust is a fact of life when it comes to webmasters and CC processors, but one should never label someone else "stupid" when they ask what precautions or pre-emptive actions they're taking to safeguard the ability to continue processing transactions.