Quote:
Originally Posted by NewOldPlayer
There is no such thing as high risk processing. That's a term MADE UP by credit card processors to steal money right out of your pockets because adult webmasters are fucking morons and believe everything they are told.
There is no risk buying digital goods online. IF the card is stolen or customer wants his money back, there is a charge back and a charge back fee. The bank makes more money on a charge backs then the initial purchase. The bank would benefit MORE if 50% of your sales were charge backs. So while most of your business is not charge backs, they will make their money the old fashioned way, by placing you in the coined 'high risk' category and charge you 14.5% AND annual fees.
The banks know your overhead is much lower on digital products, (no shipping, no physical products) so they created the category of "high risk" to justify taking a piece of your action.
Any normal vendor that sells merchandise online wouldn't pay more than 3% at the max for processing. But when CCbill took the lead years ago and created the bullshit "high risk" category, webmasters all jumped on board because with the large amounts of money they were making, they didn't mind paying 14.5% of their sales. After that, every single processor followed their lead and started charging high rates... AND when sales started to slump years ago, CCBill created the $ 750 annual Visa fee and because all webmasters are just sheep and paid it, it gave them license to create the NEW $ 500 Master card annual fee. OUT OF THIN FUCKING AIR...AND WE ALL PAID IT.
Adult webmasters are morons for paying these fees. They are not real and 100% exclusive to the 'high risk' market place. LOL Gotta love the name they created...'high risk' sounds really scarey doesn't it? It's just a mind fuck used as a platform to get more of your money.
What really cracks me up is how some webmasters DEFEND the fees and think they are all justified with their 'high risk' logic dumped in their brains by CCBill.
There is no 'high risk', there are no annual fees, it's all created and exclusive to the online adult market because most of us are morons and believe everything the banks tells us.
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Think you need to get out of this business. Actually any business.
You went with Zombaio because they were cheap. Not because they had a good reputation, or because they had superior systems and processes. There was only one reason to risk the lifeblood of your business with a company whose reputation and credentials were not 100% blue chip.
They, like you, were cheap.
Now they are dying because they did not have enough margin to get through a sticky patch and you are saying that processors with a higher margin (and a viable business plan) are thieves ?
Get a fucking grip of yourself and stop whining, you took the risk to save a few pennies.
Fucking amateur.
