Quote:
Originally Posted by NETbilling
This completely levels the registration prices and playing fields between merchant account providers and 3rd party processors (IPSP). Also, if a merchant is processing over $100k per year in Mastercard and Maestro volume, they are required now to have their own merchant account according to the new rules.
|
With respect I don't think the playing field will ever be level between 3rd party isp and merchant account providers because many of the individuals that run 3rd party billing companies are corrupt and shameless.
There are even those who run merchant account service companies that are corrupt and shameless.
You have a great reputation and so does your company and I know you know these words I speak to be true even if you do not agree with me publically...I don't blame you in your position.
Case and point....if a merchant account provider or company tells me I need to boost my revenue up to 10,000.00 a month before I qualify for a merchant account then we both know that a 3rd party provding ass hat will personally see to it that my processing account has a vertical sales limit and there amany ways this can be done.
Because why would the 3rd party company run the risk of losing my 20% in fees I pay to them as well as other *processing* benefits....why would the struggling 3rd party processor do anything to help my sales revenue get up to 10,000 so I could qualify for that merch account...
You see its a tangled web we weave when parasites practice to deceive and the chickens are coming home to roost and now everyone can see like peabody said that we are the industry but we must take it up the ass with no lube.
I say its been time to switch it and take back the power out of the hands of the middle men and return it to the merchants.
Life will be better for customers and merchants and not so wonderful for the middle men anymore....but I am a dreamer so I will keep dreaming...LOL
Some people just want to make their fair share of coin and be left the fuck alone but middle men and ass hats have cornered the market and will never cease to create more ways to nickel and dime us merchants...
it is the philosophy and genetic predisposition that bankers,pseduo bankers, and ass hats have no control over.
You have to feel sorry for them on one level because they could not function or make it thru the day if they were not ripping some one off.