Thread: Will the average webmaster soon be out of business?
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Old 02-12-2004, 07:18 PM  
icedemon
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Join Date: Jun 2003
Location: Lutz, FL
Posts: 1,022
Quote:
Originally posted by Booooom


I just found out that Card Service Int'l has made it permanant. They are not issuing any new merchant accounts for "high risk" merchants. This is going to be a huge impact to the entire online business model, not just adult. Card Service is one of the largest processors in the world, 12 Billion/year.

So far, they have only notified thier outside account reps in a memo. I don't know what they plan on doing with existing accounts, but I will not be surprised if they start dropping accounts soon.

If you process through Card Service Int'l you may want to start shopping for another merchant account provider in case the just shut down your account with little or no notice. It seems to be the trend with some companies of late.
Card Service Int'l will keep their current merchants. There is no worry for who ever is currently using them to look for a different merchant account. It is a good idea though to have 2 or more merchant accounts as backups.
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