Quote:
Originally posted by SinEmpire
NotJoe,
We give merchants the flexibility to choose their own pricing. If they want to set a higher rate for our payment method, that's up to them. At the end of the day, they need to deliver the value to the consumer if they want recurring billing. Tons of merchants have been charging greater amounts for 900 billing, dialers and some even on checks so to suggest that there aren't surfers that would pay a premium is just plain wrong.
If you can't be profitable with a dimished return on a net increase in sales then I suppose 123Bill might not be for you. You're the first person that has ever suggested you couldn't be. We're not here to replace all of the other viable billing methods. Our mission is to give consumers one more option to pay and merchants the ability to garner a net increase in overall sales with our new method.
Brad
|
I agree with what you're saying but IMHO the 35% price tag which comes along with this would put it way out of the reach of a lot of people.
Granted you take some hits on people who do not pay you guys but then you have legal rights to sell those markers off to collection agencies for X amount on the dollar.
All i'm saying is try to look at it from a small and/or revshare programs point of view. It doesnt make it viable for them.
Although what i might consider is charging 15% with a 20% reserve. Release the reserve once the guy actually sends in a payment for the services. I have no idea whether this is possible but it would put you within reach of CC processors and give smaller sites and/or revshare sites a chance to capitalize off 123bill and be viable.