Quote:
Originally Posted by corvette
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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I think you're off on the percentage of MC transactions. For me, for my accounts, it's 18%. Studies I've seen online regarding adult MC transactions compared to Visa is around 17%. Of course, some sites will do more, some less...
Also, the more volume you do with CCBill the less they take, so anything over 5k they take 13%, anything over 100k they take 12%, etc. I think 11% is the lowest but I wouldn't be surprised if some major companies get an even better deal.
I also often wonder if a company like CCBill re-invests profits, or take profits and grows them from other investments, making their overall profit margin (and the revenue generated) larger. Make your money work for you. LOL
Why some European processers are not charging the fee (yet) makes me think they feel they can't or they would lose out to CCBill, etc. NOT charging is an advantage for them maybe.
Quote:
Originally Posted by signupdamnit
Thank the industry scumbags like 12clicks and his agamegirlz.com crap for this. If the shitheads keep it up you'll probably have to pay $10,000 a year to process adult transactions so that a compliance team can manually check things out every week.
But keep accepting those drinks and defending those bros.
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QFT. I've always said this business consists of people who couldn't get a job doing anything else. Throw in drugs, financial desperation, psychological problems, abused personalities, greedy criminals who hate themselves and the world and you get an industry filled with bad decisions. But hey, did you think Adult was filled with honorable people doing their best to make the world a better place? LOL