Quote:
Originally posted by Chris Mallick
Nobody is questioning your Risk Management or your abilities Sarah. Period.
But I have a question: Is there a rule about 15 chargebacks being a threshold or not?
If the answer is yes (and I am 110% certain that it is), then your experience is fortunate and / or lucky and / or your relationship with MC is very strong.
Can you guarantee that a fine won?t be levied? I know you can?t. And as we all know this is not a predictable business; so why throw those that wanted to go 3rd Party (and in fact were in a 3rd Party IPSP solution until iBill changed their model) into a situation where this could be a death sentence?
To me it just doesn?t make sense given the series of unfortunate events of late.
C
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I seems that going with a 3rd party billing company is more of a death sentence than to get your own merchant account. If a company got their own merchant account, but couldn't keep it under 1% for a couple of months, maybe that company should get fined and put on the TMF for running such a bad business. I have my own merchant account and it isn't all that hard to keep it under that 1%.
It sounds like your just trying to scare everybody from getting their own merchant account, when getting your own merchant account would be the best thing to do with what is happening with these 3rd party billing companies. Not only would most companies save money with their own merchant account, but they would have more control over their customers and money (especially with daily deposits).
Here are 2 companies that can help people get a merchant account.
http://www.netbilling.com
and use their system or
http://www.msusa.info
and use
http://www.paywide.com