Quote:
Originally Posted by Ruseful
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.
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I am also in the process of doing the same, and feel the same about my Reps at CCBill and Epoch. The only real differance between you and I JT is that you had the resources from the sale of YP to help fund your business (which I applaud) while I have had to start from zero to where I am now. If I had had even an influx of 100k we might be having lunch on my yacht. Sadly for me it must be on your yacht for now. :D
Oh - and I believe 100% without question that simply adding Bitcoin to your Join page killed sales. I'm surprised by 50% but probably shouldn't be; Bitcoin is all over the news lately and not in a good way.