Quote:
Originally Posted by OldJeff
Allow me to translate...
CCBill is being charged $500 by Mastercard for every account. They do not want to continue to lose money on sites that do not process more than $500 per month
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they make like 13% off of the sales, and after hard costs, straight overhead, etc, they make 1-3% profit, so they may need to have clients do 17-50k in MC sales just to break even on the $500 cash they have to pass over to MC
now consider that MC is maybe 32% or so of total sales, they would just break even (no profit) off of MC sales for clients that do 50k-150k in processing a year
im probably off a few % here and there above, but id be suprised if any US processor can legitimately eat that fee across the board
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