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Originally Posted by BillyHoe
Do you really want to trust your money over seas?
Although I've never had bad dealings with them, something just doesn't seem right about a processor not charging the Visa fees and changing their policies every few months. People have been saying for years that they'll go under or their days are number, IMO you can only win Russian Roulette so many times. If you're serious about your business then make the investment and either get your own merchant account, or go with a company who's got the majority share of the industry.
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Almost all of the above is invalid for the following reasons:
(a) You have not dealt with Verotel.
(b) VISA fees are not applicable in any country other than the US.
(c) Changing policies??
I won't be supporting or recommending any third party billing company, but can say Verotel have more security for webmasters in place than any big names who have a "majority share of the industry".
The status with what was the "big names" is, one is on the verge of termination and struggling to stay afloat by introducing further new angles they claim as more secure, but have nada foundation. In this instance there was absolutely no webmaster security in place and they still owe millions.
The second has provided a stable service over a number of years now, but still has no security for webmasters in the event of their demise.
This is not an issue of "VISA fees" - they just don't apply in other countries. It is more an issue of which third party processors have webmaster funds regularly audited and in the hands of responsible independent orgs who would be entrusted with settling webmaster accounts in the even of the TTP ceasing to trade.
Verotel have such a scenario in place and do not actually hold webmaster funds. That said, I still rely on what is on the table, and can't "recommend" any TTP.