Quote:
Originally Posted by Dejan
I understand you but I just can't believe that it is so easy to make a site like epass and there was no competing site like them.
They made a lot of money charging $0.3 fee on every transaction and yet I could take a piece of that pie by opening a site with one bank account and custom made script...
Also I'm not sure how can I open bank account and ask a bank to make 5 more VISA cards so my friends can withdraw money from my account.
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Lots of accounts work like that. Doesn't CCBill work the same way?
They are the main account with several banks and when you pay for Visa approval you really are just paying CCBill a fee.
That's how I understand it. That is the reasoning why you could actually go over a 1% charge back but still operate because CCBill as a whole is still under the 1%. They probably stick to about .5% and when they go over that percentage the reason for the unusual fluctuation in sales.
That of course, is just my opinion but makes sense to me.