Quote:
Originally Posted by Barry-xlovecam
(Post 19842582)
I am supposed to be impressed by a youtube video?
We do a very large volume of transactions (thousands of transactions a day) and loss control is a big issue ... I would wait to "declare victory" for 6 months or so of processing experience.
There is always some blowback in any new process to be mitigated. You still have the chargeback ratios to stay under. If you are excepting/approving more sales, that in itself is good, but your exposure to chargebacks increases -- hopefully not in proportion or in excessive proportion to your accepted transaction ratio increase. That is the "tough row to hoe" in credit card processing.
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Quiet as it is kept, and this is no swipe at Beaner....
This is Beaner now finally coming on board with discoveries I have personally made starting back in february of 2013
I relayed this information to Beaner since back in february however Beaner is a black and white, facts speak for themselves type of guy.
So my *reported* success to Beaner after removing 3rd party billers from one section of our operations was not enough to entirely convince him although we had his attetnion lol....along with a few tid bids of documentation were not as persuasive until he finally had full control of all variables himself.
Now he did the billing swap, installed sliiing stats tracking, and swapped out and enhanced our join forms and now he is seeing the the dramatic and instant increase in transactions for his own eyes and not from me *reporting* it to him.
He is now able to say matter of factly without dispute nor reluctance that he can now personally validate that 3rd party billers are actually *COSTING* us revenue and headaches.
He now can confirm that we have not had a 0 sales day since removing 3rd party billers COMPLETELY from our operations at the beginning of OCTOBER 2013 while many of you are going days and days with no sales and 1/10000 conversion ratios
He can now confirm that 100% as the results are understandably fucking with him because up until now all we had were my wild assertions but nothing tangible to back up the assertions.
Again I have my own proof and documentation most I have never made public, but now Beaner has his own version of the stats and full control over billing and he is shocked out of his mind because how do you explain overnight doubling,tripling, quadrupling of sales as being the result of anything but ineffective billing?
His take is 3rd party is ineffective.....my take is not only are 3rd party billers ineffective but they are in fact something far worse.....that I believe is the gist of the difference of theories.
Anyway you slice it, neither of us are wrong with what the results are...they are breathtaking on any scale, and warrant the attention of a certain sector of the industry....the sector that knows in their gut that they are not getting all the sales they can from their 3rd party billers
We have no further explaining to do at this juncture however the MArk Prince's of the world as well as 3rd party billing companies themselves should have a ton of explaining to do for they assert that billers are not the cause of low sales, we can refute those assertions in a manner that will have them tuck and run for the hills
This is why I never accepted 2% form submissions reports and this is why I never accepted 3-4 days a week of 0 sales as accurate or truthful
I mean the results are in fact that damning! Sure we wish to move forward but reflection and ponderance of these results give one pause and reason to reach back in the past and demand some answers from the psuedo bankers