Thread: iBill Update
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Old 10-08-2004, 06:00 PM  
Dawgy
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Join Date: Jul 2001
Posts: 5,856
Quote:
Originally posted by Jake
Sooooooooooo, this would basically sum up their "New Processing Solution":

You pay the high risk fees associated with a merchant account AND you still pay the inflated fees associated with an ISPS?

The way I see it, if you're looking for an ISPS, go to CCBILL. If you want your own merchant account go to NetBilling. IBill's "New Processing Solution" seems to be a hybrid of an ISPS/Merchant acccount solution that incorporates the "disadvantages" of both options (ISPS VS Merchant Account) and none of the "benefits".

Am I missing something here?
i guess the only thing this really helps is the small guy who couldnt otherwise get a merchant account... i spoke with a couple of ma providers and you need at least 100k a month and 3 months of processing history, as well as good credit, etc, etc.... someone just starting out might be willing to pay the ridiculous fees in order to have the features of a MA that they otherwise might not be able to get.
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