Quote:
Originally posted by erotictrance
Plus, if your name is on the line with potential blacklisting ... I'm not sure I want somebody else handling that.
Which brings us to the Big 3, where the primary advantage of using them, at least in my opinion, is gone --- which is using their merchant account and avoiding blacklisting ...
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you are oversimplifying it. You are still under the umbrella of ALL of their accounts. they have had to pass the visa info(domain, chargeback rate) to visa for over a year now. call them and ask them. how many accounts have you heard of had to be discontinued so far? i have heard of none. they are looking out for their interests in this as well. they dont want visa to look at them either. they are going to let you know if there is a problem, long before visa does
you are still using their merchant account, and very little changes from what it has for the past year.
ask mitch, if you get your merchant account and FOR ANY REASON, your chargebacks get too high, or you piss visa off for any reason(which is easier to do with your own account than by being lumped in with thousands of other accounts) , they will fine the bank that you got your merchant account 25K FOR EVERY VIOLATION, and the bank will pass those on to you.
and dont think that you can just leave town to avoid the fee. When you had gotten your account, you put your personal assets on the line.
mitch will tell you that they have systems in place to ensure that it does not get to that point. now ask him, if it does, is netbilling going to pay the fine for them like a third party processor will?
having your own merchant account is a good idea in some situations, but if you compare paying a $750 fee to that, with nothing else changing, its ridiculous