Quote:
Originally posted by inthestars
How hard is it for an adult business to get a merchant account? What did you go through to get yours?
|
inthestars,
Kimmy summarized it pretty well. I have added a few points.
Having your own merchant account takes a few weeks to setup between submitting the paperwork and waiting for the approval. You do manage your own chargebacks (which takes a few minutes each day typically for a small paysite). For a U.S. merchant account, you are paid DAILY directly into your bank account. Offshore accounts typically pay weekly or 2x per month. For a US merchant account, you do have a volume cap which you cannot exceed. However, after 3 months, you can request that you cap be raised, usually with no problems. Offshore accounts typically have no volume restrictions.
You will not need to handle any of your customer service (unless you want to) using us or a few other gateways that offer call center services. You gain more control over all aspects and save $$$ in processing fees over third party processing but it is not for everyone. Typical transaction fee saving are about 40% (based on a $25 average ticket).
Make sure you use a reputable company to setup the merchant account and do your processing. If you have any questions, feel free to contact me directly or our sales department.
Thank you, Mitch Farber
__________________
Mitch Farber
CEO - NETbilling, Inc.
Email / Phone: 888-357-8166 / 661-252-2456
Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!