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well , I can give my 2cent.. i used to own a merchant account.. . from what i have seen .. no matter if you have your own merchant account or you use a 3rd party .. you still have to deal with a lot of BS.. the bank that issues you the merchant account have their own BS .. and you must learn which people to send to which processor /merchant account .. and once you get this down to a science. they change the rules and you got to learn it all over again.
some good things that are happening is this Cell phone payment systems that are coming up around the world. This would change everything .. no more charge backs .. a way to charge people from the entire world.
in a way this is going to be so good for our business, in another way it means some big ass companies are going to enter the market to compete for this new found $$$.
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