Feelings on a Merchant Account? - GoFuckYourself.com - Adult Webmaster Forum

X

dropped9

Registered User

Join Date: Jan 2001

Posts: 26727
Share

Post
#1

Feelings on a Merchant Account?

01-28-2001, 12:00 AM

Hey guys n gals whats your feelings on getting a merchant account?

Pros vs. Cons.....

I know there are 3rd party processors i use ibill currently.... but any tips n or advice is more than welcome :0)
Tags: None
Lensman

GFY Chaperone

Join Date: Jan 2001

Posts: 9846
Share

Post
#2

01-28-2001, 12:04 AM

They're great if you like torture.
Comment
dropped9

Registered User

Join Date: Jan 2001

Posts: 26727
Share

Post
#3

01-28-2001, 12:05 AM

Really? Are charge backs a mayor issue??

Give me some advice oh great amateur pages dude!!!!
Comment
Warphead

Confirmed User

Join Date: Jan 2001

Posts: 994
Share

Post
#4

01-28-2001, 08:44 AM

One of my friends had to deal with a MA, personally I'd rather deal with globill or ibill.
Comment
Scraper

Confirmed User

Join Date: Jan 2001

Posts: 182
Share

Post
#5

01-28-2001, 09:00 AM

Even with a Merchant account though, you can still use Ibill (or other) gateway program I think.

Doesn't that avoid the excessive processing fees? Can anyone clarify this?
Comment
dropped9

Registered User

Join Date: Jan 2001

Posts: 26727
Share

Post
#6

01-28-2001, 11:14 AM

Yeah the processing fee's are greatly reducd i do know that.... but are the chargebacks major pain in the ass?

------------------
Hey want some rukas? Goto http://www.plrradio.com
Comment
TheJimmy

ICQ- five seven 0 2 5 5 0

Join Date: Jan 2001

Posts: 10747
Share

Post
#7

01-28-2001, 11:59 AM

Everyone I've known that has had their own merchant has told me The HorrOr of it....

That's not first hand info....but shit, after being told the horror stories a few times I begun to believe it...

------------------
...type-atcha-later, TheJ

Investor with 5m - 15m USD to invest. Do you have a site or network of sites earning 50k - 200k a month income? Email your contact and preliminary data to: domain.cashventures (at) gmail.com....Please...no tire kickers...serious offers and inquiries only.
Comment
dropped9

Registered User

Join Date: Jan 2001

Posts: 26727
Share

Post
#8

01-28-2001, 05:58 PM

Ahh but ya see the question is .....

Is the horror worth it? i could deal with a littl headace if its making good $$$
Comment
twistyneck

So Fucking Banned

Join Date: Jan 2002

Posts: 4660
Share

Post
#9

07-25-2003, 09:11 AM

Originally posted by Warphead
One of my friends had to deal with a MA, personally I'd rather deal with globill or ibill.

Me too. These companies are great to work with, I cannot say enough good things about them.
Comment
sperbonzo

I'd rather be on my boat.

Join Date: May 2003

Posts: 9750
Share

Post
#10

07-25-2003, 09:17 AM

Having a merchant account isn't a nightmare if you are smart about keeping full disclosure on your site as to what your customer's will pay, and you use good fraudscrubbing and gateway technology. If you try to pull all kinds of crazy stuff with pre-checked cross-sells and up sells, and you don't provide an easy-to-find cancel link and customer service page, then yes, it will be a nightmare

Michael Sperber / Acella Financial LLC/ Online Payment Processing

[email protected] / http://Acellafinancial.com/

ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber
Comment
Sly_RJ

Live Hard - Die Hard

Join Date: Feb 2002

Posts: 17042
Share

Post
#11

07-25-2003, 09:20 AM

I find it rather amusing that a few of you would rather work with Globill than your own merchant account.

PHAT SERVERS - Quality dedicated hosting at a quality price!
sly AT phatservers DOT com - 147479144
Comment
fiveyes

Confirmed User

Join Date: Aug 2001

Posts: 1680
Share

Post
#12

07-25-2003, 09:26 AM

I've had my own merchant account since before there was even such a thing as an internet merchant classification and have used it exclusively since last fall. Don't know about anybody else's headaches, it's all been good for me.

<CENTER><A HREF="http://www.hot-off-bourbon.com/" target="_blank"><IMG SRC="http://www.hot-off-bourbon.com/images/hob-logosmall.jpg" border="0"></A>

<FONT face="Comic Sans MS" SIZE="-1"><I>Mardi Gras, Spring Break, Wet-T, Night Club Action, UpSkirt, Oil Wrestling, Voyeur</I></FONT></CENTER>
Comment
KRL

Entrepreneur

Join Date: Oct 2002

Posts: 31429
Share

Post
#13

07-25-2003, 09:33 AM

Originally posted by Lensman
They're great if you like torture.

Lensman is correct! I had a horrible experience in the beginning with an Adult Merchant Account. Between the banks fucking us, the transaction software not working the way it was promised to, customer fraud and loads of webmaster fraud, I said never again.

Its nothing but aggravation and risk, risk, risk.

If you would like to develop your domains, you can lease inexpensive foreign labor
from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION!
*** *** *** *** *** *** *** *** *** *** *** ***
Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains
Comment
basschick

Confirmed User

Join Date: Jan 2001

Posts: 2540
Share

Post
#14

07-25-2003, 09:45 AM

i wouldn't do it, but talk to netbilling. they handle the support for folks with their own merchant account - lots of experience there.

Got Gay and For Women Traffic?
Comment
Calvinguy

Confirmed User

Join Date: Oct 2002

Posts: 1752
Share

Post
#15

07-25-2003, 09:50 AM

Can't you use your own merchant account with IBill and CCBill? If you can and use the same level of scrubbing shouldn't you in theory have the same CB ratio as using them as a 3rd party biller?
Comment
tony286

lurker

Join Date: Aug 2002

Posts: 57021
Share

Post
#16

07-25-2003, 09:52 AM

I think its going to be the future, I think the cc companies dont like third party billers. I think if you are a smaller webmaster without a affiliate program and you are honest you can do well. With a merchant account you can also go after friendly fraud(You have the name and address ,so you can start collections) ,where now there is really nothing you can do. Also right now my third party processor fucks up with a customer I pay , I dont like having no control. Also with your own merchant account you dont have to do the MC mall thing. Even though its been floating around that amazon will have to do this, its not true only third party processors.
Comment
phillyrich

Confirmed User

Join Date: Jul 2003

Posts: 162
Share

Post
#17

07-25-2003, 10:06 AM

I have been working very hard to get the an aggregator merchant account for Intertrans and will have one in a few weeks. If you have the finanicals to get your own merchant account that is the way to go, it greatly reduces your rates. Then process through the third party biller so that you can use our fraud scrub. This will keep your chargebacks within the limit.

Phillyrich
ICQ-200441622
[email protected]
Comment
sperbonzo

I'd rather be on my boat.

Join Date: May 2003

Posts: 9750
Share

Post
#18

07-25-2003, 10:07 AM

Getting your own merchant account may be the way to go if you manage it right. We offer e-commerce businesses several products and services. A state-of-the-art fraudscrubbing program, a full gateway with very comprehensive reporting and lots of features, and we also have relationships with banks in the US and the EU,, as well as other regions. We can assist in getting you your own merchant account if you wish to have a more direct connection to the bank and want to be more in control of your own business.

You can call me anytime on my mobile, I'm used to having no life and taking calls day and night! :-) .....+1 954 650 5789

Michael Sperber
VP business development
Fraudscrub.com
[email protected]

Michael Sperber / Acella Financial LLC/ Online Payment Processing

[email protected] / http://Acellafinancial.com/

ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber
Comment
res

Confirmed User

Join Date: Nov 2002

Posts: 1118
Share

Post
#19

07-25-2003, 10:24 AM

sperbonzo, please check your mail
Comment
2477

Confirmed User

Join Date: Oct 2002

Posts: 414
Share

Post
#20

07-25-2003, 11:46 AM

Come on....

I'm reading words like torture, horror and headache to describe merchant account experiences on this thread....How many IPSP horror stories have been posted about IBill? For every horror story connected to a merchant account, I'll guarantee there's at least one about an IPSP acct.

Is a merchant account more strict then an 3rd party acct? You're damn right it is, and for good reason too. When we take on an adult account, we're taking on a lot of risk. If you screw-up w/ Chargebacks, and then go insolvent before you can make good on the transaction, we are on the hook. With a merchant account each one is unique. You can't hide an account w/ heavy chargebacks among a sea of other merchants.

Do we want you to stay below 1%, your damn right we do. And we'll help in every step of the way to keep you under 1%. If one of my merchant's chargebacks gets close to the threshold, they get a call from me telling them to tighten the screws on the scrubbing and bring in more legitimate sales. Will this lower the $$ they take in for that month? Yes...but at least they'll still have an account three months down the road when those chargebacks are figured in.

If you're thinking of getting a merchant account, and your chargebacks are in line, I can't think of a better idea. But, you'd better be sure your merchant account provider (and more specifically, your agent) knows this industry. It makes all the difference.

Coooostanza.....icq# 195813751
Comment
playa

Confirmed User

Join Date: Feb 2001

Posts: 6432
Share

Post
#21

07-25-2003, 11:52 AM

It can be hell dealing with merchant banks, the main problem with getting an account is the amount they let you proccess.

If you don't have a good transaction history be lucky if they give you a 10k monthly limit
Comment
2477

Confirmed User

Join Date: Oct 2002

Posts: 414
Share

Post
#22

07-25-2003, 12:03 PM

True...Transaction history is key to the amount of volume you'd be approved for. $10k is basically automatic, unless the principal has poor credit. If the merchant can show processing history, and is inline w/ chargebacks, there's not too many reasons why they wouldn't get approved for an appropriate volume.

You need to understand that getting a merchant account is pretty much the equivalent to being approved for an unsecured line of credit. So we're not going to approve an account for $500k, if the merchant can only show $10k on the statements.

Coooostanza.....icq# 195813751
Comment
venus

Confirmed User

Join Date: Jan 2003

Posts: 3112
Share

Post
#23

07-25-2003, 12:40 PM

I have had my merchant acohahahaha for about 5 yrs now, I know alot of people wont use a merchant account for subscriptions for fear of chargebacks. Well, if you run a legit site, allow people to cancel easy, give them what you say you are giving them you wont have a problem.

The key is to be a honest business person. You will see that you get ALOT of repeat members by being honest and have good cust. service.

I am glad that the third party processors are tighting things up and wish they would even more. Hopefully it drives out the people who riun this business and we can all get back to making all that good money from years gone by.

Muscle/Fitness Adult Affiliate Program
Since 1997 www.venuscash.com
Comment

Previous template Next

Working...