Quote:
Originally posted by Incredicash
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We are getting adult merchant accounts approved daily. In fact we can actually cascade the transactions across several merchant accounts. Rates are based on credit score and depending on qualification can be as low as 5.5% Below is a schedule of rates and fees-
Merchant Discount Rate 5.5% to 15% depends on risk rating
Reserve Rate 10% 6 month rolling
Transaction Fee $0.50
Chargeback Ratio Levels 2.0%
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I may be wrong but adult merchant accounts are high risk , right so the rate charged per transaction would be near 15% ?
Plus set up fees ? ( $1000.00 approx ) or is there no set up fee with this discount rate ?
CCbill and Epoch charge around 13% so i dont see the savings here other than having more control over charge backs and refunds. Please explain more. Thanks
Cindy