3rd party processors

[Cassie]

in what order do you think they will close

globill, acpay, ___, ___, ___, ___

who do you think will be the last to close their doors?

[jact]

CCBill will be left standing when everyone else has crumbled to dust!

That's my prediction, I could be entirely off base. It could be iBill.

[Cassie]

Originally posted by jact
CCBill will be left standing when everyone else has crumbled to dust!

That's my prediction, I could be entirely off base. It could be iBill.

yeah ibill

you dont think epoch will be last in line? i hope for everyone's sake that no one else closes. money lost is a hard thing to swallow.

[jact]

Originally posted by Cassie


yeah ibill

you dont think epoch will be last in line? i hope for everyone's sake that no one else closes. money lost is a hard thing to swallow.

I don't any actual experience with Epoch, I've at least sat down and talked with people from CCBill at great length. I'm sure Epoch is solid aswell, I just haven't courted them or likewise had them court me.

I see PSW's market share growing, but I still don't see their lack of communication improving at all, so I know they won't be last.. And if they do fold, we'll be the last ones to know about it.

[KRL]

God who knows. Life was so good when the only thing you had to worry about in this biz was Seth's bouncing IEG checks.

[Swoit]

Jact, i couldn't agree with you more. I haven't had the chance to talk with too many other companies but CCBill in detail, but IMHO they are rock solid in comparison.

[Cassie]

Originally posted by KRL
God who knows. Life was so good when the only thing you had to worry about in this biz was Seth's bouncing IEG checks.

so true, so true

[Hooper]

You cant compare the authorized IPSP's and these guys who were running offshore operations.

It's like comparing the legally sanctioned black jack tables at the venetian with vinny's back door speakeasy 3 card monty joint in the heart of brooklyn.

One of these things is not like the other.. one of these things is just not the same...

Everybody now!

[NETbilling]

Originally posted by jact
CCBill will be left standing when everyone else has crumbled to dust!

That's my prediction, I could be entirely off base. It could be iBill.

I beg to differ. We have less risk than ANY of the other processors.

Mitch

[Webby]

We have less risk than ANY of the other processors.

I thought it was your clients that actually took the risk?

[Cassie]

Originally posted by netbilling


I beg to differ. We have less risk than ANY of the other processors.

Mitch

you're or someone from your company stated that you would transfer credit card info for a clients membership database from globill to yours. how is doing something illegally not a risk?

[afrocreep]

maybe someday all processors can die and we can all party because that would be awesome.

[Veterans Day]

I talked with netbilling at length today and was less than impressed when having been on speaker phone with some trainee moron. Its a merchant account. 2 Grand to start with right off the bat. The only risk is solely on your ASS. Donkey's IMHO. Or just misrepresented

[Cassie]

Originally posted by afrocreep
maybe someday all processors can die and we can all party because that would be awesome.

you paying for the round of drinks?

[pimplink]

Originally posted by jact
CCBill will be left standing when everyone else has crumbled to dust!

That's my prediction, I could be entirely off base. It could be iBill.

The fines they've been hit with must have wobbled the smaller outfits but given CCBill and iBill's dominance in the ISPS market, it seems unlikely these would go extinct.

[NETbilling]

Veterans Day,

Did you not have your questions answered properly when you spoke to our staff today? We are training several new sales poeple as we grow but you spokw to our Sales Manager Karen Campbell, did you not?

For adult merchants, the merchant account bank requires that you pay the Visa/Mastercard registration fees. This is not a huge investment considering that you will be saving approximately 7% in processing fees over standard IPSP processing. Do the math and unless you are a very small merchant, the saving will add up for you.

Webby,

The merchant does take the risk just as the do with an IPSP. A merchant can be terminated at an IPSP at the sponsored merchant level or the whole IPSP can lose their merchant account (as has happened with several processorr recently). Since we do not take the risk, you can be assured that Netbilling will be here and as long as you stay compliant, you will be too. Does that make sense?


Cassie,

Actually, as long as the cardholders are notified, it is not illegal to import customers into our database.



Thank you, Mitch Farber

[pimplink]

Epoch seems strong enough to withstand the current BS.

[Cassie]

i dont know mitch....

in speaking with a senior risk analyst at cardservices, she stated that if a person has not originally signed up for your site, product or service and you import their information into your database (ie, name, addy, cc number, cvv2 number, exp date, etc...), then you are at risk of a felony offense because you are not the original person who charged them initially.

she stated that the only way to get them into your database legally, is to inform them in writing via electronic email or via usps mail that your processor has changed and you are therefore giving them the option to sign up to your site, product or service again under your new processor.


maybe you have new information from a new type of policy out there that i am not aware of, but i am going to have to take her word on this for she has been doing this for 10 yrs.

[NETbilling]

By the way, I am not bagging on the IPSP at all, just stating facts. I have a ton of respect for the crew at CCbill, Epoch, PSW, and Jettis.

Mitch

[NETbilling]

Originally posted by Cassie
i dont know mitch....

in speaking with a senior risk analyst at cardservices, she stated that if a person has not originally signed up for your site, product or service and you import their information into your database (ie, name, addy, cc number, cvv2 number, exp date, etc...), then you are at risk of a felony offense because you are not the original person who charged them initially.

she stated that the only way to get them into your database legally, is to inform them in writing via electronic email or via usps mail that your processor has changed and you are therefore giving them the option to sign up to your site, product or service again under your new processor.


maybe you have new information from a new type of policy out there that i am not aware of, but i am going to have to take her word on this for she has been doing this for 10 yrs.

Cassie,

We have imported members and always had the merchant notify them via email and have NEVER had an issue with it.

Mitch

[jact]

Originally posted by netbilling


I beg to differ. We have less risk than ANY of the other processors.

Mitch

Did anyone mention merchant accounts here? No, take your Mitch-ized spam to a thread where it applies. We're talking about third party here.

[quiet]

Originally posted by netbilling


Cassie,

We have imported members and always had the merchant notify them via email and have NEVER had an issue with it.

Mitch

then is it possible to import recurs from an ipsp's merchant account, into a new merchant account with netbilling?

[Cassie]

im not here to argue with you mitch. like i said, there may be a policy out there that i am not aware of that you have knowledge about.

when someone tells me that doing that would be committing fraud, a senior ra from cardservices, i have to go on that cause that is all i have to go on.

maybe you havent had any trouble because no one has complained yet. im not here to bash you cause like i said, you may have more info then me since it is your business to process cc's.

i, as a webmaster, in this day and age, have to obtain all information i can to protect myself as i am sure other webmasters feel the same.

at this point, i now have 2 different pieces of information which i will ask another processors view on. from that answer, i can make an informed decision.

[NETbilling]

Jact,

Boy, someone woke up on the wrong side of the keyboard....


Cassie,

As I stated, we have alwys made sure that the cleitns were notified previous to rebilling them when doing an import.

Mitch

[jact]

Originally posted by netbilling
Jact,

Boy, someone woke up on the wrong side of the keyboard....


Mitch

Yeah, as far as I'm concerned, you did. Your post was blatent self promotion where it didn't belong. If I wanted to know about merchant accounts and the risks that your company takes (Read: none) then I'd make a post about merchant accounts. Did you miss the thread topic? 3rd party processors.

[phillyrich]

Transfering peoples information from billing company to another can be difficult because the customer gave authorization to a specific enitity to do the tranaction.

[Cassie]

Originally posted by phillyrich
Transfering peoples information from billing company to another can be difficult because the customer gave authorization to a specific enitity to do the tranaction.

this is true. certain mids and tids were applied, a certain merchant number was applied, a certain bank was used for processing.....

so back to my original question

who is next in line to close their doors......

[jact]

Verotel, Dutchbilling?