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Originally Posted by Jamie
I got a call also about processing. I've been talking to a Rep over there and this is what he had to say.
Well we are a very reputable company and all the information on there is absolutely false, we can offer that low of rates because of the relations we have with our offshore bank that we deal with We want to start to save the whole adult industry money so you guys are not getting ripped off anymore by ccbill. This guy Ron C is only getting very wealthy off of all the website owners. His buy rate is most likely around the range of 6 to 7% which then means he is doubling up on your money. They can contact us at 866-343-7255 ex209 or 213. Please forward this to that page if you can I would really appreciate that.
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Apparently the rep over there is smoking crack. Something that would probably make me very leery of dealing with them. Anyone who has looked seriously at getting a merchant account knows where the costs are and if Ron was paying 7% on his buy rate then he'd have to charge closer to 20% to make any money.
Of course Ron is wealthy, he's been doing this for going on ten years now. That's ten long hard years of dealing with Mastercard and Visa and all the assorted bullshit that goes along with it.