GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Electra Cash - Another Credit Card Processor not effected

Fitzit · 10-09-2002, 10:44 AM

quote:
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Originally posted by Fitzit

Think I'm joking, ask anyone who didn't see a dime for weeks last year when iBill burned their merchant bank.

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quote:
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Originally posted by Shoplifter

Tell us more about this?

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Well if you stop sending, or are not allowed to send Visa traffic, for the next 180 days there may be chargebacks coming in. If your 3rd party biller has all of your payment streams, they could hold your ACH monies to cover your CC Chargebacks.

There was a time at the beginning of this year that we gained several clients, due to the fact that they were being starved by iBill. I went to two of our long time merchant and they confirmed to me that iBill had been holding distributions due to problems on the CC side of the business. This went on for three weeks.

Imagine having all of your funds locked up by your 3rd party biller. How would you pay your affiliates? How would you pay yourself?

Something to think about.

10-09-2002, 10:44 AM
Fitzit Registered User Join Date: Sep 2002 Location: Looking Down on three States from my office. Posts: 22	quote: -------------------------------------------------------------------------------- Originally posted by Fitzit Think I'm joking, ask anyone who didn't see a dime for weeks last year when iBill burned their merchant bank. -------------------------------------------------------------------------------- quote: -------------------------------------------------------------------------------- Originally posted by Shoplifter Tell us more about this? -------------------------------------------------------------------------------- Well if you stop sending, or are not allowed to send Visa traffic, for the next 180 days there may be chargebacks coming in. If your 3rd party biller has all of your payment streams, they could hold your ACH monies to cover your CC Chargebacks. There was a time at the beginning of this year that we gained several clients, due to the fact that they were being starved by iBill. I went to two of our long time merchant and they confirmed to me that iBill had been holding distributions due to problems on the CC side of the business. This went on for three weeks. Imagine having all of your funds locked up by your 3rd party biller. How would you pay your affiliates? How would you pay yourself? Something to think about.