Quote:
Originally Posted by EukerVoorn
As for now we need the credit card companies unfortunately and they know it and they take advantage of their position..
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Exactly how do credit card companies take advantage of their positions?
- They accept payments for you on your behalf
- They pay you on time
- They take on all kinds of risk for you
- 3rd party billers take on a higher risk for you
- They make it easy for you to sign up
- They don't require a merchant account.
- They provide support and stats
- Some even give you tools to help you sell more.
They charge a competitive rate (competitive to other billers) for the services they provide to you.
How are they taking advantage?