Losing 8-10% earnings a day. - GoFuckYourself.com

Darren · 05-22-2003, 01:21 PM

Ok heres the situation, im in the UK and to get a merchant account here the % the bank takes is like 8.5% then add 1.5% for netbilling and processing would be 10%.

Im currently with PSW and they do it at 11% which makes it pointless me going through the hassle of setting up my own merchant account.

Now i find out my lovely competitors in the USA process at between 2%-4%

When ur talking large figures per a day in affect we are losing a lot of money a year simply because we are in the UK.

Lets talk about solutions...

HELP!

funkmaster · 05-22-2003, 01:24 PM

Quote:

Originally posted by Darren
Lets talk about solutions...

... I guess buying some shares of your bank isn´t an option here ??

Paul Markham · 05-22-2003, 01:24 PM

Not sure there is one except move to the States.

We have a Californian office and corperation, so we can take advantage of the proceeing rates.

The Click · 05-22-2003, 01:25 PM

see sig, based in UK

Darren · 05-22-2003, 01:26 PM

if u work the loss out over a year its in the 6 digit range... very annoying

Darren · 05-22-2003, 01:27 PM

Quote:

Originally posted by The Click
see sig, based in UK

U work with them? I sent a simple email to you guys about processing for a UK site in UK pounds and got the most unprofessional reply i have ever seen.

a bit like ur reply above "see sig in the UK" so what if ur in the uk unless u can offer me transactions at like 4%

Tipsy · 05-22-2003, 01:38 PM

Quote:

Originally posted by Darren
Ok heres the situation, im in the UK and to get a merchant account here the % the bank takes is like 8.5% then add 1.5% for netbilling and processing would be 10%.

Im currently with PSW and they do it at 11% which makes it pointless me going through the hassle of setting up my own merchant account.

Now i find out my lovely competitors in the USA process at between 2%-4%

When ur talking large figures per a day in affect we are losing a lot of money a year simply because we are in the UK.

Lets talk about solutions...

HELP!

Look for a different UK bank. I had to setup a merchant account for my old company (and for the life of me can't remember who I used in the end) a few years back in the UK> The rate was MUCH lower than 8.5%. Shop around.

Darren · 05-22-2003, 01:40 PM

for adult products?

andi_germany · 05-22-2003, 01:41 PM

I really love when people are crying about how much money they loose because they earn so much.

Darren · 05-22-2003, 01:42 PM

If netbilling pick this up can you contact me ICQ 46335817

Darren · 05-22-2003, 01:43 PM

Quote:

Originally posted by andi_germany
I really love when people are crying about how much money they loose because they earn so much.

it would be the same if i earned $10 a day and $1 of that a day went to the processor, thats $365 a year worse off... not good.

lil2rich4u2 · 05-22-2003, 01:44 PM

theres always the option of setting up a front man in the USA.

Run the site completely in his name so you can use his residence.

Might be costly to cut someone in to funnel your cash, but if your losses are that big you may wanna concider it.

Naturally youd have to trust the person 100% as he would have access to basically all your earnings.

Betray · 05-22-2003, 01:48 PM

Mutt · 05-22-2003, 01:50 PM

hope you understand all the nightmares that can go along with using your own merchant account. And I think the scariest one is that if you get TMF'ed I believe you are SOL when it comes to getting registered with IPSP.

am i right?

NETbilling · 05-23-2003, 12:40 PM

Darren,

I will ICQ you shortly. Sorry for the delay.

Mutt,

You can be TMF'ed with a merchant account or with a third party processor. The rules changed last November. I can count on 1 hand the # of our merchants that have been TMFed in the last 5 years.
It is all about the processing company, customer service and fraud scrubbing.

Mitch

05-22-2003, 01:21 PM	#1
Darren Confirmed User Join Date: Sep 2001 Posts: 5,994	Losing 8-10% earnings a day. Ok heres the situation, im in the UK and to get a merchant account here the % the bank takes is like 8.5% then add 1.5% for netbilling and processing would be 10%. Im currently with PSW and they do it at 11% which makes it pointless me going through the hassle of setting up my own merchant account. Now i find out my lovely competitors in the USA process at between 2%-4% When ur talking large figures per a day in affect we are losing a lot of money a year simply because we are in the UK. Lets talk about solutions... HELP! __________________ Penis enlargement / male enhancement pills - earn up to $229.48 per signup ICQ: 46335817

05-22-2003, 01:24 PM	#3
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Not sure there is one except move to the States. We have a Californian office and corperation, so we can take advantage of the proceeing rates. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

05-22-2003, 01:25 PM	#4
The Click Confirmed User Join Date: Apr 2003 Location: Canada Posts: 1,685	see sig, based in UK __________________ ICQ: 31-30-30

05-22-2003, 01:26 PM	#5
Darren Confirmed User Join Date: Sep 2001 Posts: 5,994	if u work the loss out over a year its in the 6 digit range... very annoying __________________ Penis enlargement / male enhancement pills - earn up to $229.48 per signup ICQ: 46335817

05-22-2003, 01:40 PM	#8
Darren Confirmed User Join Date: Sep 2001 Posts: 5,994	for adult products? __________________ Penis enlargement / male enhancement pills - earn up to $229.48 per signup ICQ: 46335817

05-22-2003, 01:41 PM	#9
andi_germany Confirmed User Join Date: Oct 2002 Location: Germany Posts: 768	I really love when people are crying about how much money they loose because they earn so much.

05-22-2003, 01:42 PM	#10
Darren Confirmed User Join Date: Sep 2001 Posts: 5,994	If netbilling pick this up can you contact me ICQ 46335817 __________________ Penis enlargement / male enhancement pills - earn up to $229.48 per signup ICQ: 46335817

05-22-2003, 01:44 PM	#12
lil2rich4u2 ICQ: 175171926 Join Date: Oct 2002 Location: New York, NY Posts: 11,046	theres always the option of setting up a front man in the USA. Run the site completely in his name so you can use his residence. Might be costly to cut someone in to funnel your cash, but if your losses are that big you may wanna concider it. Naturally youd have to trust the person 100% as he would have access to basically all your earnings. __________________ HEY!! Unbeatable hosting! Customer service is top notch! --> ISPrime <-- Do a search on any board, their reputation is rock solid .. for years!!

05-22-2003, 01:48 PM	#13
Betray Confirmed User Join Date: Oct 2002 Location: Toronto Posts: 346

05-22-2003, 01:50 PM	#14
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	hope you understand all the nightmares that can go along with using your own merchant account. And I think the scariest one is that if you get TMF'ed I believe you are SOL when it comes to getting registered with IPSP. am i right? __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

05-23-2003, 12:40 PM	#15
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,584	Darren, I will ICQ you shortly. Sorry for the delay. Mutt, You can be TMF'ed with a merchant account or with a third party processor. The rules changed last November. I can count on 1 hand the # of our merchants that have been TMFed in the last 5 years. It is all about the processing company, customer service and fraud scrubbing. Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!