Quote:
Originally Posted by SwirlsGirl
WOW HOLY MOTHER OF GOD!!!
Just had a major epiphany!!!!
Did you know if you were a billing company and you processed $500,000.00 in credit card transactions for memberships.... at 15% processing fees you could make a whopping $75,000.00 Not a bad paycheck considering it does not require any labor, production costs, creativity,imagination,or skill to process credit card payments!
$75,000.00 for the "billing company"
while you the webmaster/producer... do all of the grunt work, web design, video production, lighting,camera,makeup,photo editing,video editing,website marketing,affiliate networking,affiliate program management,stats analysis,customer relations, loss prevention,security,2257 compliance, research and developement, and much more!
Seems like we are the ones who have it backwards...the smart money is in "processing payments" Such a high return with very minimal effort!
Hey billing company guys...how does one get their foot in the door? Would you consider giving something back to the community that has made you guys so very successful...
give us some tips on how to start our own billing company.....wouldn't it be nice to shed some of your monopoly and allow some small time competition in the game...you know to help keep you honest?
Well of course you are already honest, but just saying, how does one get in on the action?
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If you are talking about 3rd party processors that handle:
*hosting your join form
*PCI compliance
*fraud detection
*customer service 24/7
*compliance with visa and mastercard rules
*affiliate program back-end
*affiliate payouts
*hosting
*trusted namebrand for billing
*assuming risk for your marketing and billing practices, your content and your website
*transaction fees
*gateway fees
*chargeback fines and refund fees
Then go ahead and try to do all of that for 15% or less. Chances are you will need a fairly large scale operation to justify bringing all of that in-house. (or maybe you just don't need all of it) But for smaller operations who would rather not worry about wrangling all or most of the above, 15% is not excessive, many are doing just fine paying that.