Quote:
Originally Posted by Deej
This all brings up a big question ive always had but never asked...
Say you have your own merchant account.
Why would you then take on a 3rd party processing? What do they bring to the table beneficially? Do they ensure transactions? do they ensure checks get sent? What are the pros of epoch and ccbill? Why dont people get their own merchant accounts?
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After the iBills iMonde and other billers who have went under. Most people use more than one processor to spread the risk. So if one goes under, you do not lose everything. Also some offer things others do not. Verotel covers things CCB doesn't for example. EU Direct Debit, and some Korean card, SMS, etc..
Rules of merchant banks vary. The biggest issue, U.S. based, is you have to do enough volume monthly. There are a few other sticking points, in there as well that escape my at the moment.
Also, third party billers handle customer support, charge backs, and scrubbing. Something you, and your business, would have to do yourself with your own merchant account unless you hire outside service.
There are parts I am leaving out, but that is the long story short of it.