Quote:
Originally Posted by Markul
Like clockwork people come to whine about the $500. Really?
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I was thinking same when I got the email from biller - here's the $500 notice
I have 5 billers and I pay the $500 up to 5 times for a same site, but I don't care much, simply because we process thousands $ a day, really our issue it is % only, the $500 is 0.0001% change. However, I do understand that for a small site a $500/year fee it may decide if site stays up or dies. I know a few people who have setup solo sites for cam girls... they asked me advice, I gave, and some made really nice things with photos and videos. As expected, no one of these sites made really any sale (why they should?), however they would have kept the site up if only they had not to renew the $500 fee every year. They put offline the site only because had to pay again the $500 fee to CCBILL or else every year, which was same or more than the sales of the site per year. This is a pity and looks unfair.
It would make more sense if this fee it was in % to the sales and so to the risk, so anyone can setup a site with no fees, and get billed only if you're doing money there - if not doing money, at least can keep up the site "just in case", at no expense except hosting, which goes really cheap anyway if you have no traffic as that's the case for who have no sales.
So is that just greed from VISA/MC? I think not. Really, the $500 fee it is not for Visa/MC to "make money": think at it, this is not that much money for them, relatively. Visa/MC do $$ with small % on big merchants, not by collecting $500 from a few guys. At the same time, they lose most money and reputation with frauds. So I think VISA/MC charge $500 just to keep out kids and cheap fraudsters, they think: whoever can't pay $500/year it is too much of a risk to even deal with - which makes sense also for someone who answered this thread and, sadly, to me. It is like Apple let pay $99 per year to publish apps in appstore, that's to keep out third word and kids who may cost lots in trouble management, not to cash $99's only (still, there's more apps in appstore than merchants, so, Apple there it may make some serious money, more than Visa/MC with those fees).