Quote:
Originally Posted by BV
Yes, in fact, at least 1/3 rd of on line check transactions do get returned. (or never get thru) depending on the biller used.
However, the remaining 70% have about double the retention rate of credit card signups.
Simple fact is, you are leaving money on the table if you don't do it. Roughly about 5% more of what you're grossing without it.
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FACT: If you have good content pirates will join via a check, rip your stuff and it will be over torrents and rapidshare before you even find out it bounced. So off the bat you have 30%. Now, figure in the damage that checks allow, and, the fees (which im sure you pay even if one fails or bounces) and you are looking at a miniscule profit margin. Also, all the pissed off affiliates who see tons of returns and negative amounts will leave you. So are checks still profitable? HELL NO.
Duke