Quote:
Originally posted by Pornwolf
Look guys, the reason I'm fanning the flames here is because I am looking at this from my situation. I have a merchant account already. I use it for my mainstream business.
From what I have learned in the past couple of days is my charge taking ability can still be stripped even if I use a 3rd party processor for my porn. That was not the case before. We were safe from harm by hiding in the aggregate chargeback numbers that you guys do. Now that's not the case(?)
Looking at my current scenario, would it make sense for someone like me to use a processing services company in conjunction with my merchant account or stick with my 3rd party company? Why?
Simple questions.
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If you have a merchant account for mainstream business then you should be setup with an MCC Code other than 5967 (which in exclusive to adult video text). If you process one adult transaction through that merchant account and it is not setup under 5967 then your acquiring bank is potentially liable for a fine from the card associations, which they would pass on to you in most all cases. I would leave that account for mainstream only, seeing how I don't know what the name of the acquiring bank is then I cannot tell you for certain wether or not they would even allow you to accept adult transactions through that account.
As far as pursuing your own account for adult vs. staying with a 3rd party processor, I recommend staying with a 3rd party processor. Why? because it is our understanding that indivdual submerchants will not be scrutinized within a portfolio just as long as the entire portfolio stays within card association guidelines. That is not to say that once we register each submerchant that VISA cannot tell us to stop processing for some. As long as you have run a clean shop in the past then you will be just fine. Remember we are the merchant. VISA just wants to know who processes with us.
Clay
EPOCH