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Jizar II · 10-03-2002, 01:43 AM

We have thought about using Netbilling, anyone currently using them feel like sharing their experiences with them? How good is the Member customer service level? ect.
Is this a option mostly for huge people processing huge $numbers? Or could the medium paysite owners also get a good experience with them?

This was posted by Epoch:

"SO IS THERE ANY NEED FOR 3rd PARTIES ANYMORE?????
Only if you want to continue to process transactions in the adult space. Funny not once has someone mentioned the FACT that it cost $1000.00+ to be registered as a high risk merchant with your own merchant account, that is if you can find an acquiring bank willing to take the risk.

Anyone know what the ratios on Mastercard are for chargebacks? Better yet anyone know the initial fine if you exceed? The ratio is 1%, that is 1 ot of 100 transactions, the best part is the fine, 1st moth 25K plus $25.00 per chargeback.
Now if you are a merchant doing less than 50K per month do you really think a financial institution is going to be willing to underwrite this account?
If you can't pay the fines they do, their risk dept. does not risk 3-5K per moth in revenue for this type of volume and associated fines. "

25k for a chargeback? WTF

Please comment on using Netbilling and the scary post above!
Is a US based LLC also needed for this solution?

10-03-2002, 01:43 AM
Jizar II Confirmed User Industry Role: Join Date: May 2001 Location: LLL© Posts: 1,425	Your experience with NETBILLING? We have thought about using Netbilling, anyone currently using them feel like sharing their experiences with them? How good is the Member customer service level? ect. Is this a option mostly for huge people processing huge $numbers? Or could the medium paysite owners also get a good experience with them? This was posted by Epoch: "SO IS THERE ANY NEED FOR 3rd PARTIES ANYMORE????? Only if you want to continue to process transactions in the adult space. Funny not once has someone mentioned the FACT that it cost $1000.00+ to be registered as a high risk merchant with your own merchant account, that is if you can find an acquiring bank willing to take the risk. Anyone know what the ratios on Mastercard are for chargebacks? Better yet anyone know the initial fine if you exceed? The ratio is 1%, that is 1 ot of 100 transactions, the best part is the fine, 1st moth 25K plus $25.00 per chargeback. Now if you are a merchant doing less than 50K per month do you really think a financial institution is going to be willing to underwrite this account? If you can't pay the fines they do, their risk dept. does not risk 3-5K per moth in revenue for this type of volume and associated fines. " 25k for a chargeback? WTF Please comment on using Netbilling and the scary post above! Is a US based LLC also needed for this solution?