Quote:
Originally posted by Pornwolf
Here comes the harder questions...
The #1 reason for using a processor (and swallow the 9-15% fees you guys give us) is the cushion you have provided us from having to get a merchant account for adult and risking having our merchant account stripped... forever (in most cases).
Now that this isn't the case and you won't be able to offer that protection since everyone will be accountable for their chargebacks, what's the advantage to using a third party payment processor outside of scrubbing and check cutting-affiliate services which can be done by some companies like Netbilling for 2-3%?
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Pornwolf:
The number one reason you want and NEED to be in a 3rd party Merchant Account is that you are able to use our relationships with Visa / MC, the value of our extensive infrastructure, know-how and experience in processing these transactions. Moreover, we provide you with a 24x7x365 state-of-the-art Call Center that handles your billing issues with your Members. Using a company like EPOCH allows you to focus on your core competency ? marketing, while we work for you in the background. True, we get a chunk of your income, but the risk we take versus the percentage is very fair. You would be surprised at how thin our margins are given the number of employees, office space, security requirements and the like.
We also think that if you look at how much money you keep and how much more money you make by not having to deal with Visa, MC, banks and cardholders bitching about their credit card statement, the deal is actually a no brainer. I refer you to one of Kimmie Kim?s latest posts. She is on ?your side? now and has been on ?our side? in the not so distant past. We are partners and we are perfectly aligned to make and keep, as much money as possible in this business.
Chris
CEO
EPOCH