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Companies like Netbilling are sitting pretty now. You get your own merchant account but they are set up with the software/hardware to do the job and help keep your merchant account 'safe' by providing the scrub.
I think most of the third party processors will do the same thing for you if you do have your own merchant account.
So for anybody who can qualify to get their own merchant account it's the best of both worlds, use a billing company's experience and software keeping chargebacks as low as possible but use your own merchant account.
You better keep a clean business though cuz you'll lose the merchant account even with good scrubbing in place and from what i'm reading once you've fucked up the merchant account you are fucked up from even returning to third party processing.
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