Quote:
Originally posted by netbilling
mrbling,
You are on the right track. However, getting the merchant account through us as well as the provessing will helo you avoid any setup fee. However, you will still need to pay the Visa/Mastercard regostration but will have your own presence with them and can even display the Mastercard logo etc...
H,
You have summed it up nicely.
Lexxx, Morpheus, & Labret,
You are partially incorrect. If you setup with a company like Netbilling using your own merchant account, you will NOT need to setup your own scripting, support staff, secure certificate or fraud scrubbing. We do it all. Basically we perform almost all of the same functions as a 3rd party processor but you will be using your own merchant account whcih we help you establish as well.
You will pay about 50% less than IPSP processing and will also have full control including access to all card data and fruad scrubbing so you can manage it as much or as little as you wish.....
Ultimate Control!
Mitch
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Just don't forget to inform people how DIFFICULT it is to keep your own chargeback rate below 1%. If you are consistently going over, say bye bye to ever accepting a credit card online again via your own merchant account. Also, the selection of solid banks to get an adult merchant account is minimal.
Merchant accounts can be great, but the best thing about not having one is not assuming the risk of losing one. If you get a merchant account and lose it, you'll never ever get another one again in the future.
Mitch, teenerotica.com used to process with Netbilling via their own merchant account. Now they are processing with IBILL? Why is this? I obviously can't say for sure because I don't know, but my guess is they had too hard of a time keeping their chargeback rate down.
My advice to anybody who takes the merchant account route, keep your relationship with a 3rd party processor very close & healthy because you're very likely gonna need them again one day.