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Benefits of getting your own merchant account are obvious, but getting it on terms iBill offers is questionable at the very least.
I wonder how many people actually signed those forms. There is an exclusivity clause that forces you into sending at least 75% of your sales through SP, otherwise they'll bill your Reserve and Operating accounts for damages (and you authorize them to bill anything they want by signing this contract).
So, basically, you get your own merchant account and bear all risks accosiated with it; yet you still pay outrageous 3rd party biller's fees, and you can't have Mitch or other good gateway service to handle your account because of the exclusivity thing you agreed upon, and because it's generally still unknown whether you'll actually have access to your customers' database.
Hmm....
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