Quote:
Originally Posted by The Porn Nerd
I wonder why Ruseful has not gone with their own merchant account? 23,000 Members you would think his volume would demand it.
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Actually, we are now in the midst of getting our own merchant account. Why have I left it this long? Many reasons...
My main objective from the beginning was to get to a magic number of "successful" sites in my network. I have that now. This now enables me to do what I set out to do when creating my company. Amongst many things, launch a tube.
The next step in the process is to get our own merchant account and to bring in the expertise we need. I had zero experience in running my own merchant account and saw this as a risk to my company and was more focused in the creation of new sites.
Processing with Epoch, Segpay and CCBill took away any billing headaches. I looked at their fee's, however high/low, as a cost of doing business. They take care of everything, and none of them have ever missed a payment. I have built up a very close relationship with all 3 companies and I have 100% trust in them. Quite simply, they are my friends.
Having my own merchant account will improve my already very healthy bottom line by a nice %. But until I was ready, I did not want the added risk to my company.
Not everyone will agree with how I have done it, but I am happy with the way I run my company.