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| View Poll Results: Should third party billing companies pay us interest on resever hold backs? | |||
| Yes |
   
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10 | 83.33% |
| No |
  
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2 | 16.67% |
| Voters: 12. You may not vote on this poll | |||
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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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Thread Tools |
02-10-2003, 02:12 AM
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#1 |
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Confirmed User
Join Date: Jun 2002
Location: My Coffin
Posts: 1,227
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Should third party billing companies pay us interest on resever hold backs?
If a third party billing company holds back a reserve amount on OUR money should they pay us interest on it?
Would love to hear why and why not. Hugs, Danielle |
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02-10-2003, 02:13 AM
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#2 |
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Confirmed User
Industry Role:
Join Date: Oct 2002
Location: Nebraska
Posts: 1,261
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Yes - they should.
They earn interest while holding it. |
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02-10-2003, 02:14 AM
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#3 |
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Confirmed User
Join Date: Mar 2002
Location: asia
Posts: 5,590
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get over it
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02-10-2003, 02:15 AM
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#4 |
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Confirmed User
Join Date: Jan 2002
Location: In the walls of your house.
Posts: 3,985
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It doesn't really matter. If they paid interest on the reserve, they'd simply raise the percentage their charge on transactions to make up for their loss.
__________________
"Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats." --H.L. Mencken |
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02-10-2003, 02:20 AM
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#5 | |
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See sig. Join Epic Cash.
Join Date: Oct 2002
Location: Montreal, Quebec. ICQ: 214702014
Posts: 22,366
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according to Chris from Epoch:
Quote:
__________________
 Bad Girl Bucks - 50% Revshare through CCBill. Promote BrandyDDD, Pixie's Pillows, Action Allie and more! Phoenix Forum Pics | Webmaster Access Montreal pics email: psyko514(a)gmail.com | icq: 214-702-014 |
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02-10-2003, 02:27 AM
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#6 | |
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Confirmed User
Join Date: Jun 2002
Location: My Coffin
Posts: 1,227
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Quote:
Hugs, Danielle |
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02-10-2003, 02:28 AM
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#7 |
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Confirmed User
Join Date: Jun 2002
Location: My Coffin
Posts: 1,227
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psyko514,
Sounds like they need a new bank.  Hugs, Danielle |
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02-10-2003, 03:20 AM
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#8 |
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Too lazy to set a custom title
Industry Role:
Join Date: Jul 2001
Location: Currently Incognito
Posts: 13,827
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The reserve is held by the bank on the merchant account not the processor.
__________________
   ~TheDoc - ICQ7765825It's all disambiguation  |
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02-10-2003, 03:51 AM
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#9 |
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Confirmed User
Join Date: Jun 2002
Location: My Coffin
Posts: 1,227
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TheDoc,
Regardless of who holds the reserve. Interest should be paid on it. Hugs, Danielle |
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02-10-2003, 04:40 AM
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#10 | |
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Too lazy to set a custom title
Industry Role:
Join Date: Jul 2001
Location: Currently Incognito
Posts: 13,827
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Quote:
It's a bank, the best scams in the world
__________________
~TheDoc - ICQ7765825It's all disambiguation |
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02-10-2003, 04:54 AM
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#11 |
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Confirmed User
Join Date: Jun 2002
Location: My Coffin
Posts: 1,227
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TheDoc,
Like I said..... Regardless of who holds the reserve. Interest should be paid on it. Hugs, Danielle |
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02-10-2003, 05:18 AM
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#12 |
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Too lazy to set a custom title
Industry Role:
Join Date: Jul 2001
Location: Currently Incognito
Posts: 13,827
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It's not possible for the bank to pay the interest on the reserve.
__________________
~TheDoc - ICQ7765825It's all disambiguation |
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