Quote:
Originally posted by PureMeds
you can try humboldtbank.com and speak to aaron, I know other have said shitty things about them, but for high risk they are good. Aaron will take your app over the phone and it will take a few weeks to get the account. And in the event that you exceed an acceptable chargeback rate, they will actually contact you and work with you to fix it. You wont just all of a sudden lose your account.
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If you breath anywhere near a 1% chargeback rate with Humboldt, they'll revoke you faster than you'll blow your load bangin' a Vivid girl. Humboldt is known to crack when Visa or MC puts the pressure on, just ask the guys at the former WTS (now achdebit.com).
The fact that you have an adult merchant account is why you're going to incur a very high discount rate. Don't try shopping around for a low rate because you're not gonna find one. They all rape us in this industry because they can.
For those of you who think getting a merchant account is SO MUCH cheaper than a 3rd party processor, consider this... Between the bank's discount rate and the processor you opt for's fees, you're looking at 7-9% of your earnings. Now add all of the extra time you're gonna put into your own customer service & additional fraud control, and it equates closely to a 3rd party processor's rate of 11-15%.