GoFuckYourself.com - Adult Webmaster Forum - View Single Post - CCBill Epoch Ibill have you really thought of the consequences?

JMM · 10-03-2002, 07:55 AM

For a select few of you, getting your own merchant account is an option. If you do, netbilling is a fantastic company to work with.

However...

Read the VISA/MC rules about chargeback ratios and FINES. What are you going to do when you exceed the ratios and are fined 10k, 25k, 50k? You are legally obligated to pay those fines. Wait, did I say pay them? I think they just TAKE them. Like Chris Rock says about taxes...you dont PAY taxes, they TAKE taxes. Taxes is the ultimate jack.

Of course the other problem is that 99% of you won't even qualify for your own merchant account. Many of you couldn't by a cheeseburger at McDonalds on credit. They don't just hand out merchant accounts to anyone that want's one.

10-03-2002, 07:55 AM
JMM Confirmed User Join Date: Apr 2001 Posts: 1,755	For a select few of you, getting your own merchant account is an option. If you do, netbilling is a fantastic company to work with. However... Read the VISA/MC rules about chargeback ratios and FINES. What are you going to do when you exceed the ratios and are fined 10k, 25k, 50k? You are legally obligated to pay those fines. Wait, did I say pay them? I think they just TAKE them. Like Chris Rock says about taxes...you dont PAY taxes, they TAKE taxes. Taxes is the ultimate jack. Of course the other problem is that 99% of you won't even qualify for your own merchant account. Many of you couldn't by a cheeseburger at McDonalds on credit. They don't just hand out merchant accounts to anyone that want's one.