Quote:
Originally posted by mrbling
Brown,
Thats the key
Merchant account -
Requirement: Need to be a us company
3rd party new policy-
Requirement: Need to be a us company
SO IS THERE ANY NEED FOR 3rd PARTIES ANYMORE?????
There is something RAND/RON/CHRIS not telling you guys and its 3rd parties are WORTHLESS now with the new policies.
I'm not against them or anything, but I feel like they are not telling you guys this very very important fact.
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It's NOT that simple... and it is explained in here:
Why wouldn?t it be more cost effective for a Webmaster to go out and get their own Merchant Account instead of continuing to use a Third Party Processor IPSP like CCBill.com for their VISA transactions?
?High Risk? merchant accounts are extremely expensive, and require a large amount of maintenance and support. The initial fees associated with opening a ?High Risk? merchant account could surely meet, if not surpass VISA?s IPSP registration fee for Sponsored Merchants. In addition, owning and maintaining one?s own ?high risk? merchant account can put added financial and operational strain on an online Company by requiring them to make major investments in Customer Support, Fraud Prevention and Automated Reporting.
In addition, once a ?High Risk? merchant account is created, its owner and its operating URL?s are on VISA?s monitoring. If that same ?High Risk? account is closed there after, the account?s owner and/or its operating URL?s will no longer be afforded the future opportunity to register within the umbrella of an IPSP portfolio.