Stay Away from Electracash.
They charge FEES on GROSS Sales... and their scrubbing absolutely sucks! Bottom line is that you pay 25% of the NET Sales.
On top of that, they have no idea how to calculate.
Look at these Stats:
3,428.20 (Initial Sales)
3,833.60 (Recurring Sales)
629.10 (Redeposited Sales)
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7,890.90 (Total Sales)
509.15 (Refunds)
4,404.95 (Returns)
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$2,976.80 (Net Sales)
Payment Report:
7831.00 (Gross Sales)
- 4367.05 (Less Returns)
- 812.36 (Less Fees)
- 149.75 (Less Refunds)
- 391.69 (Less Reserves)
- 20.00 (Misc Adjustments)
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$2090.23 (Total Distribution)
They paid us $2130.15 after charging us 23.5% of Processing Fees on Net Sales. (And 10.37% on Gross... 0.37% over the supposed flat 10%)
They still own us 391.69 (Reserves) and this week someone call us to ask us to MAIL THEM a check of $310.00 because our account is in the negative. What a fucking joke.
