Does CCBill and other cc processors consider a debit card a credit card or an online check? Because I get a LOT of 'bounced' (or, 'Returned') checks.
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Yep, turned the check option off last year. Surfers figured out how to do that shit and get a free membership because it takes a few days for the "check" to clear. And then they can always turn around and stop payment and put a reversal on it too. Whatever they were doing...the majority of our online checks sales were getting us nailed. And of course CC Bill makes that nice fee off of it. lol
Turn it off and you'll make more money.Last edited by Robbie; 10-13-2009, 09:29 PM.-Robbie
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Well said.
I have a bare minimum of charge backs in all my years online. I do not think I average 1 or 2 a month. However, those bounced checks were brutal. Plus it seemed they all would come through in one billing period. So you would be happy you had a good week, and then you would have $100/200 in bounced checks and fees.
Once that started happening month after month it was time to turn it off.
My buddy was seeing the same trend, and he was getting hit for larger dollar amounts so it was even harder on him. So we discussed what we saw in patterns, and costs, and both turned them off.
I get an couple of e-mails a year asking for a check payment option, but it's a non-issue for the most part. Especially with popularity of check debit cards.Comment
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4 credit cards (1 mastercard, 3 visa) and a visa debit card. All paid up and well under the credit limit.
Cant get a single one of them past ccbill's scrub, 1 of the visa cards works for epoch rest are declined there too. How many porn buyers are going to try 5 cards?IW
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ccbill does this also, a few years ago I didn't bother to cancel a subscription because the card was about to expire, and I was surprised that they managed to rebill. I found out later that they typically add 2 years to the expiry date and retry.
But... fuzebox was suggesting that declines are increasing because people's limits are being capped at their current balance, so the credit is effectively frozen. You wouldn't see a change in declines because of expiry unless a large number of banks were reducing the validity period of cards they're issuing.Comment
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Good point, the current credit crisis is definitely a factor.┌∩┐(◣_◢)┌∩┐
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Plus CC's in general keep raising the interest rates. Capitol One increased 3% about a month back.
When the CC company writes you about an account and tells you your credit limit is now zero but you still owe them the money, people stop buying anything not absolutely needed. Know a couple guys this has happened to.
I assume these "withdrawn credit accounts"are a big part of the 88 million "fewer cards". The accounts are still there but there is no credit anymore. People have no Peter to pay Paul.
People are in debt. Credit is hard to get at a decent rate. Times are tough all over.
Taking someones credit back when they are good on all payments is a horseshit thing to do. But then CC companies are the real modern day outlaws of America.
Laws should be passed to cap some of their loansharking methods.Last edited by Vjo; 10-14-2009, 12:17 AM.Comment
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They show as credit.
There were laws in place that prevented it. Usury laws are some of the oldest laws on the planet. By law I can not charge what a credit card companies now does. Payday loans use loopholes in that altered credit card law and thats what allows them to do the 500 plus percent interest.
Anyways it was not to far back when the credit industry got certain laws changed that were in place since nearly the dawn of laws. Not that long after we had a nation living off of credit and in debt.Comment
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Exactly. They pushed credit cards on every young person for years. Then the economy changes and they pull in the credit from some, raise rates, try and get as much now as they can to offset bankruptcys I suppose. It's legal I suppose. But it hurts the economy big time.
The easy credit card years were great for the country and economy but "it's time to pay the piper". And business sucks all round.
Have you heard Walmart's new slogan on their tv commercials? It's something like, [paraphrased] "Walmart, shop with us, save money and live a better life."
It's a sad state when folks have to crimp to save $5-10 or whatever and that small savings will then help them live a better life.
It's like WTF? But fact is even Walmart raised from about 16% to over 21% about a monmth back.
If even Walmart has turned into a shark God help this country. At least they used to give folks a reasonable rate.Last edited by Vjo; 10-14-2009, 12:44 AM.Comment
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With Nats 4.. one of my good converting sponsors has had several submits this month and no sales. Every other month it is like maybe 50-70% of submits go thru.
I mean that just sucks BIG time when a surfer wants to signup and they can't.
Makes you want to kill someone.
Sometimes I sense a conspiracy against this industry.
But that's just me.
Could just be the 2 part JFK special I recorded from History Channel rubbing off on me lately...Last edited by Vjo; 10-14-2009, 02:49 AM.Comment
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At my bank all checking accounts personal or business you have the option to get a credit/debit card. Just as footsies said it works just as a normal credit card. Mine are visa from the bank. You can dispute charges and such just like normal.Comment
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My guess is alot of these higher declines for rebills is due to cross sale mania most sponsors have these days. Think about it. Surfer joins site A, crosses to site B and C. Surfer is like WTF, calls their bank and shuts off card. Gets new card and goes about their business. Meanwhile program owner A waits 30 days and gets declined. Then Program A owner goes on gfy and bitches about how cards are maxed out!
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Chase has MC debit cards.
I also think especially in these times programs need at least 2 CC options, Checks and then local billing options for outside the US. We've seen some merchants gain 2to3 times increased EU revenues by adding our EU Direct Debit and Advanced Direct Pay which has real effect on the bottom line!
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And its going to get much worse. All the card companies are already or will soon start sending out letters that say blah blah you have to accept these new terms (rate goes to 30% or w/e) or you can choose to reject these terms and your account will be closed.
Which means they will close their account if they actually read the letter or their rate will balloon to 30% and they will default and then lose their account.
It's going to get much worse.
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Umm I mentioned this a year ago when people were claiming porn was rescission proof. It's doesn't take a rocket scientist to understand that less people having CC's means less porn buyers..In November, you can vote for America's next president or its first dictator.Comment
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wow good piece of infoComment
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this is not the reason of the declining biz.. this has happened several times during the lats 10 years (even in bigger amounts of cards) and the biz has remained intact.
also 10 years ago, the internet had 1/10 of the surfers and CC's we have now and the sales were 50 times better than now, so how do you explain that?Comment
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