Who wants a merchant account? - GoFuckYourself.com

dnsmonster · 08-05-2003, 02:34 PM

As of today I am able to offer merchant account and gateway services. The breakdown is as follows:

Visa high risk fee: $750
Merchant Account: $595
Setup: $395-$795 - depending on a number of factors
Monthly Gateway Fee: $29.95
Per Transaction Fees (AUTH and SETTLE): $0.15
Merchant Account Charge Per transaction: $3.95% - $5.95%

The math is simple: in the worst case scenario on a $29.95 transaction you get to keep $28.01.

You will receive your own descriptor as well which should eliminate a ton of billing confusion and prevent chargebacks.

Interested people please email andre at absolutadult dot com. My ICQ is getting flooded.

StuartD · 08-05-2003, 02:35 PM

and for those in Canada?

We're still stuck having to get ourselves an American incorporation?

dnsmonster · 08-05-2003, 02:36 PM

Quote:

We're still stuck having to get ourselves an American incorporation?

Sadly, you are. But I can help you with that as well.

Tornado · 08-05-2003, 02:39 PM

Just out of curiousity is this supposed to be cheaper than gettin a merchant acct through Netbilling? They charge approx $1500 and you charge at least $1740. Educate me....i actually am interested.

cash69 · 08-05-2003, 02:41 PM

Quote:

Originally posted by dnsmonster
Merchant Account Charge Per transaction: $3.95% - $5.95%

isn't that high? i thought it was more like 1% maybe 2%

dnsmonster · 08-05-2003, 02:42 PM

Quote:

They charge approx $1500 and you charge at least $1740.

The fees listed are pretty much the worst case scenario fees. A bunch of these can be lowered or even dropped depending on credit, billing history, etc.

johnny5 · 08-05-2003, 02:43 PM

if you have a merchant account tho, wouldnt you have to have a 800 number for billing support, etc...

SENSEX · 08-05-2003, 02:47 PM

what is the difference between you, and these guys for example?
http://www.worldwidebilling.com/

NETbilling · 08-05-2003, 02:49 PM

Quote:

Originally posted by dnsmonster
As of today I am able to offer merchant account and gateway services. The breakdown is as follows:

Visa high risk fee: $750
Merchant Account: $595
Setup: $395-$795 - depending on a number of factors
Monthly Gateway Fee: $29.95
Per Transaction Fees (AUTH and SETTLE): $0.15
Merchant Account Charge Per transaction: $3.95% - $5.95%

The math is simple: in the worst case scenario on a $29.95 transaction you get to keep $28.01.

You will receive your own descriptor as well which should eliminate a ton of billing confusion and prevent chargebacks.

Interested people please email andre at absolutadult dot com. My ICQ is getting flooded.

Just curious... who's gateway are you reselling? Also, what about the Mastercard registration fee of $1000. What bank/ISO are you using to setup the accounts?

Thanks, Mitch

dnsmonster · 08-05-2003, 02:54 PM

Quote:

Just curious... who's gateway are you reselling? Also, what about the Mastercard registration fee of $1000. What bank/ISO are you using to setup the accounts?

I have agreements with a number of banks so if one denies an application, another one might take it. This assures higher approval rate. I also use two different gateways and a third one is in the works.

Tornado · 08-05-2003, 02:57 PM

Quote:

Originally posted by dnsmonster

I also use two different gateways and a third one is in the works.

Is this a secret? shouldnt be

$1000 Mastercard fee?

cash69 · 08-05-2003, 02:58 PM

Quote:

Originally posted by dnsmonster

I have agreements with a number of banks so if one denies an application, another one might take it. This assures higher approval rate. I also use two different gateways and a third one is in the works.

hope you did alot of research.. anyone will say yes if you tell them it will be alot of money.. but 2 months later will tell you to get lost

dnsmonster · 08-05-2003, 03:02 PM

Quote:

Is this a secret? shouldnt be

$1000 Mastercard fee?

It's not a secret, I am just trying to prevent FUD.

There is no Mastercard fee. It might change in the future though.

dnsmonster · 08-05-2003, 03:05 PM

Quote:

hope you did alot of research.. anyone will say yes if you tell them it will be alot of money.. but 2 months later will tell you to get lost

I have been working with these people since late 1999. If I wasn't sure I would not be posting this.

NETbilling · 08-05-2003, 03:11 PM

Quote:

Originally posted by dnsmonster

It's not a secret, I am just trying to prevent FUD.

There is no Mastercard fee. It might change in the future though.

What is FUD? There is absolutely a $1000 Mastercard registration fee to setup a US high risk merchant account.

Mitch

dnsmonster · 08-06-2003, 10:34 AM

Quote:

There is absolutely a $1000 Mastercard registration fee to setup a US high risk merchant account

FUD stads for "Fouled Up Disinformation."

Mastecard charges a $1000 only on high-risk accounts that fall into video/text category.

NETbilling · 08-06-2003, 11:17 AM

Quote:

Originally posted by dnsmonster

FUD stads for "Fouled Up Disinformation."

Mastecard charges a $1000 only on high-risk accounts that fall into video/text category.

EVERYONE who sells adult non-tangible items including memberships and downloadables have to pay the $1000 Mastercard reg fee.

Mitch

dnsmonster · 08-06-2003, 11:33 AM

Quote:

EVERYONE who sells adult non-tangible items including memberships and downloadables have to pay the $1000 Mastercard reg fee.

This argument is getting pointless. Your solution might be different from mine, let's leave it at that.

I have a bunch of merchant accounts myself, including high risk, and not once sold tangible goods. I never paid $1000 to MasterCard.

Probono · 08-06-2003, 11:54 AM

Quote:

Originally posted by dnsmonster

It's not a secret, I am just trying to prevent FUD.

There is no Mastercard fee. It might change in the future though.

There is a MasterCard fee of $1500 and $1000 a year after that.

Probono · 08-06-2003, 11:56 AM

Quote:

Originally posted by dnsmonster

This argument is getting pointless. Your solution might be different from mine, let's leave it at that.

I have a bunch of merchant accounts myself, including high risk, and not once sold tangible goods. I never paid $1000 to MasterCard.

If you have not been paying the fee you are not properly classifed as high risk and could be shut down when they discover you. I urge you to check with your aquiring bank before you have a hefty fine or shutdown.

dnsmonster · 08-06-2003, 12:00 PM

Quote:

I urge you to check with your aquiring bank before you have a hefty fine or shutdown.

Just spoke to the bank, still no fee. Should I mail the $1500 to you?

Probono · 08-06-2003, 12:26 PM

Quote:

Originally posted by dnsmonster

Just spoke to the bank, still no fee. Should I mail the $1500 to you?

Paypal is faster

08-05-2003, 02:34 PM	#1
dnsmonster Confirmed User Join Date: Jul 2002 Location: A warm place. Posts: 634	Who wants a merchant account? As of today I am able to offer merchant account and gateway services. The breakdown is as follows: Visa high risk fee: $750 Merchant Account: $595 Setup: $395-$795 - depending on a number of factors Monthly Gateway Fee: $29.95 Per Transaction Fees (AUTH and SETTLE): $0.15 Merchant Account Charge Per transaction: $3.95% - $5.95% The math is simple: in the worst case scenario on a $29.95 transaction you get to keep $28.01. You will receive your own descriptor as well which should eliminate a ton of billing confusion and prevent chargebacks. Interested people please email andre at absolutadult dot com. My ICQ is getting flooded. __________________ I couldn't possibly know what I'm talking about, I'm completely, absolutely and definitively out of my fucking mind. Last edited by dnsmonster; 08-05-2003 at 02:47 PM..

08-05-2003, 02:35 PM	#2
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	and for those in Canada? We're still stuck having to get ourselves an American incorporation? __________________ This is me on facebook This is me on twitter

08-05-2003, 02:43 PM	#7
johnny5 Confirmed User Join Date: Jun 2003 Location: i.e. - biatches Posts: 291	if you have a merchant account tho, wouldnt you have to have a 800 number for billing support, etc... __________________ sincerely, me

08-05-2003, 02:39 PM	#4
Tornado Confirmed User Join Date: Feb 2002 Location: Los Angeles Posts: 287	Just out of curiousity is this supposed to be cheaper than gettin a merchant acct through Netbilling? They charge approx $1500 and you charge at least $1740. Educate me....i actually am interested.

08-05-2003, 02:47 PM	#8
SENSEX Confirmed User Industry Role: Join Date: Jan 2003 Location: Someplace Special Posts: 1,159	what is the difference between you, and these guys for example? http://www.worldwidebilling.com/