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Originally Posted by Hinc
HMS - True, it´d be better, but it aint exactly easy finding one...specially if you´re not processing enourmous volumes...and then, some of the "merch solutions"-like suspect setups also seem just as shaky as 3td party....
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TRUE - and even the acquires who are established can whack off an entire industry segment at the drop of a hat. Exactly what happened with the Card Service International situation last year. When CSI announced the closure of their adult portfolio I was overwhelmed with merchants looking for a solution. We more than trippled our adult portfolio in less than 60 days. We increased our adult processing dollars so quickly and to such a large amount that Visa stepped in and stop us from taking any more. They stated that we "exceeded the maximum allowable ratio of adult to non-adult transactions" Although from a different perspective, we at the bank get just as frustrated with the ever changing regulations by V/MC.
Not to turn this into a sales thread, but as our non adult portfolio grows and lowers the "ratio" Visa is measuring us by, we are looking to bring on more adult processing dollars in March or April. Again with the changing requirements by V/MC we have had to limit the account types that we can board during the period Visa allows us to. If anyone out there meets the following email me and I will add you to an email list I have going to notify folks when these accounts are available.
-2 years in business
-$100K in processing or more now (direct account, 3rd party, or combination of)
-ChargeBacks under 1%
WE WANT TO GROW OUR ADULT PROCESSING PORTFOLIO and as soon as Visa allows us to we most certainly will.
Steve Kimberling, AVP
Humboldt Merchant Services
877-635-3339
[email protected]