If a third party billing company holds back a reserve amount on OUR money should they pay us interest on it?
Would love to hear why and why not.
Hugs,
Danielle
Would love to hear why and why not.
Hugs,
Danielle
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12Yes0%10No0%2 -
Yes - they should.
They earn interest while holding it. -
get over itComment
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It doesn't really matter. If they paid interest on the reserve, they'd simply raise the percentage their charge on transactions to make up for their loss."Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."
--H.L. MenckenComment
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according to Chris from Epoch:
As for this idea of the reserves making us money; sorry to say we get nada. The bank gets the float. That is our deal with our bank. I don?t know about the other processors.
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email: psyko514(a)gmail.com | icq: 214-702-014Comment
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LOL! Never!Originally posted by PureMeds
get over it
Hugs,
DanielleComment
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psyko514,
Sounds like they need a new bank.
Hugs,
DanielleComment
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The reserve is held by the bank on the merchant account not the processor.
~TheDoc - ICQ7765825
It's all disambiguation
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TheDoc,
Regardless of who holds the reserve. Interest should be paid on it.
Hugs,
DanielleComment
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The processor shouldnt pay the interest as they don't get it, the bank does. It's a merchant bank account not a personal/business bank account.Originally posted by Danielle
TheDoc,
Regardless of who holds the reserve. Interest should be paid on it.
Hugs,
Danielle
It's a bank, the best scams in the worldLast edited by TheDoc; 02-10-2003, 02:43 AM. ~TheDoc - ICQ7765825
It's all disambiguationComment
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TheDoc,
Like I said.....
Regardless of who holds the reserve. Interest should be paid on it.
Hugs,
DanielleComment
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It's not possible for the bank to pay the interest on the reserve. ~TheDoc - ICQ7765825
It's all disambiguationComment
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