Quote:
Originally Posted by NewOldPlayer
Really? What is the "cost" ??? Can you explain it? Do you even know what you are talking about??
IF there is a charge back, the banks clean up. Banks don't take a loss on anything. They make money on charge backs out of your pocket.
So explain the "risk" ? You can't, because there is NO risk. The card charge goes thru at the time of purchase, or it does not. IF the buyer gets a charge back, the webmaster pays the fees.
So where is the Risk??
The Risk is somebody finding out there really is NO Risk and suing CCBill et al for financial fraud and abuse of the system.
Visa and Mastercard are not collecting the annual fees, CCBill, et al, is.
How else do you think Zombaio can waive the fee? BECAUSE THERE ISN'T A REAL FEE TO BEGIN WITH. IT'S MADE UP.
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You'd really do better on this board (if you are a real person and not a fake nick), giving some indication of who you are and what you do.
Times are tough. Better than 2009 maybe, but tough. It is easy to feel like you are being held down, no matter what you do.
The unfortunate fact of the matter with billing is that it is a high potential and high risk business. The yearly fees suck for people who run programs. No matter how much a program is making, $500 is money. $500 can buy stuff. $500 can help a charity. As most programs use multiple billers and accept both Visa and MC, that adds up to much more than $500.
But a biller like Zombaio, who does not have the cushion of such fees and higher rates . . . well, it may take them a while to recover if they get a little behind. I haven't noticed you being terribly understanding about that, so you might want to think about what your priorities are. Like lagcam said, you can't get the best of both worlds.