We really need to get free of these banks. Hopefully something like Bitcoins becomes a more realistic alternative soon.
-
Isn't it also per site and processor? That would add up fast for a sponsor with a large network of sites.
We really need to get free of these banks. Hopefully something like Bitcoins becomes a more realistic alternative soon.
You don't like my posts? Put me on ignore or fuck right off. I'll say what I want.
-
How about ccbill and others take bitcoin, then no charges.
While that may sound silly, it may not be a bad way, and cuts out the problems credit card firms give.
3 months ago I would not have touched bitcoins, but now I am thinking it could be better than credit card payments.Comment
-
Comment
-
Many may drop several processers and just have one such as ccbill rather than end up paying $500 times however many processers.
A lot of people run 5 or more sites so if its also per site, rthen it will get to be a lot of cash.
While for some $500 may be nothing, a lot of solo girl sites will not make much and $500 is a lot.
Of course some may think it gets rid of cometition, and yes it may be good for some.
One thought is that if they must take such charges, then one option is to charge per month, say $40 per month.Comment
-
I have removed everyone in this thread who's bitching about paying $500 to MC that owns a affiliate program. If you are bitching about $500 for credit card processing, then I'd really hate to get the "but man, you sold too many memberships I can't pay you right now" messages.
Comment
-
Guys, it's not per site.
And having multiple processors should pay for the fees because you will pick up more sales by having a cascade. Unless you don't get any traffic. And if you don't have any traffic, then none of this matters.Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted
Windows VPS now available
Great for TSS, Nifty Stats, remote work, virtual assistants, etc.
Click here for more details.Comment
-
Actually Rand with all due respect you are it correct. Based in our conversatns directly with MasterCard the rules are set forth here:
http://www.mastercard.com/us/merchant/pdf/BM-Entire_Manual_public.pdf
This section. States the rule:
5.4 Use of a Payment Facilitator
From Mastercard's bulletin originally released to the acquiring banks Feb 10, 2012 which was amended to the rules in the manual and was revised in September.
5.4 Use of a Payment Facilitator
The Acquirer is liable for all acts and omissions by a Payment Facilitator and any Sub-merchant.
A Payment Facilitator may not be a Sub-merchant of any other Payment Facilitator, nor may a Payment Facilitator be a Payment Facilitator for another Payment Facilitator.
Unless otherwise approved by the Corporation, any Sub-merchant that exceeds USD 100,000 in MasterCard and Maestro combined annual sales may not be or continue to be a Sub-merchant and must enter into a Merchant Agreement directly with a Customer.
***************
The "Corporation" is MasterCard, not a bank. They are they only ones hat can approve a high volume merchant to remain under the facilitator model and it is on a case by case basis.
MitchLast edited by NETbilling; 03-06-2013, 10:28 PM.
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!Comment
-
I like the snobs here who say: "If you cant 500$ a year so you are not in the right biz" .
Alot of Bla Bla shit from GFY losers who work for big companies who think they are smarter than anyone.
500$ per year, only for MC, for small-medium businneses that use few processors, is alot of money. It makes margin smaller, and its a BIG expense for most of users.Comment
-
Btw - the fees are per merchant meaning that you have to pay the fees for each IPSP that you use. If you have your own merchant account, you pay one time regardless of the processor that you use.
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!Comment
-
NO. He sounds like a common sense businessman, looking out for the small-to-midsize company (like mine).
For those posting in here who are employees then, with all respect due you, STFU. You're not the Boss, you don't know what it's like, etc etc.....
Now for a million dollar plus company this is less of an issue as I'm sure they will have merch accounts etc all in place. Financially it's not a big deal. But when you start getting charged for something that was once free - REGARDLESS OF WHY - it should raise a red flag. Anything less and you're doing a lousy job of being a businessman IMHO.My Affiliate Programs:
Porn Nerd Cash | Porn Showcase | Aggressive Gold
Over 90 paysites to promote!
Now on Teams: peabodymediaComment
Comment