Quote:
Originally posted by XPays
True- but several of the biggest players since the old days have said that "if they had sent all of their sales to Paycom (for example) since day 1, they would have made a lot more money than juggling banks".
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Granted but that also begs the question why were banks being juggled? I know in some cases banks just got assaholic and flaked... but in other cases you have people dancingthe Potamic two-step because they had problems as a result of sketchy billing practices.
The worst part is that banks might go flaky on you even when your numbers are great just because they are tired of getting burned by the dozen other not so honest guys. The hope here is that things settle to the point that there is no way to operate your business dishonestly and only the people doing it right survive and they can keep their merchant accounts. When you deal with a third party processor everything gets homoginzed through them... good and bad.