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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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Old 06-01-2005, 08:31 AM   #1
p1mpdogg
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Epic Cash moves to its own merch acct!!!!!!!!!!!

I will personally guarantee that we will double our sales and make our webmasters double. details will be disclosed shortly on the new3 changes made in the best intrest of Epic Cash and our webmasters so we all make more... look for our newsletter very soon. possibly late today
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Old 06-01-2005, 08:32 AM   #2
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SO you are getting 50% denials now from your cascade billing structure? Strange...That is pretty high.
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Old 06-01-2005, 08:34 AM   #3
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Thats awesome p1mpdogg I hope to see a lot more money from you guys now
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Old 06-01-2005, 08:34 AM   #4
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I had heard through the grapevine that 15% more sales is normal on your own merchant account. The biggest difference was things became steady, rather than bouncing all over the place. But, if your CB's are low, you could adjust your personal scrub to increase sales slowly.
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Old 06-01-2005, 08:36 AM   #5
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congrads, just carefull with those chargebacks
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Old 06-01-2005, 08:37 AM   #6
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nice on Trey.... good job
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Old 06-01-2005, 09:16 AM   #7
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Having your own merchant account through Netbilling is the only way to go IMO. Are you using them too? We have for a long time now and have excellent conversions.

Last edited by Fetish; 06-01-2005 at 09:18 AM..
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Old 06-01-2005, 09:18 AM   #8
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sweet!. everyone go sign up
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Old 06-01-2005, 09:36 AM   #9
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Hey what corporate name does epiccash use on their checks? I don't remember ever seeing a check from epiccash and I've had some banners up for a couple of months now. HOwever, I get checks from unknown corporate names and one of them could be you.
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Old 06-01-2005, 09:37 AM   #10
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Originally Posted by TheDoc
I had heard through the grapevine that 15% more sales is normal on your own merchant account. The biggest difference was things became steady, rather than bouncing all over the place. But, if your CB's are low, you could adjust your personal scrub to increase sales slowly.
You are absolutely correct
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Old 06-01-2005, 09:42 AM   #11
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sounds good Trey
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Old 06-01-2005, 09:44 AM   #12
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Personal merchant accounts rock for this business and definatly pad the bottom line.
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Old 06-01-2005, 09:50 AM   #13
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we use netbilling


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Old 06-01-2005, 09:57 AM   #14
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Good shit Trey. Hope it works out for the better.
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Old 06-01-2005, 10:00 AM   #15
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I'm certainly all for merchant accounts, after all, I do write them -- doubling your sales without doubling your traffic by changing to a merchant account isn't realistic though.

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Old 06-01-2005, 10:02 AM   #16
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I'm certainly all for merchant accounts, after all, I do write them -- doubling your sales without doubling your traffic by changing to a merchant account isn't realistic though.

Perhaps if he quits redirecting his foreign traffic to a dialer and sends them through the new system instead? I know when I push cams a huge number of signups come from countries that can't use a credit card through the IPSPs.
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Old 06-01-2005, 10:03 AM   #17
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that's awsome news man!
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Old 06-01-2005, 10:04 AM   #18
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Good Move Trey! Thats gonna be a breadwinning move.
:-)
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Old 06-01-2005, 10:05 AM   #19
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Sounds real good. I will bring my dormant account out of hiding for this and send you guys some traffic.
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Old 06-01-2005, 10:06 AM   #20
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How do you find the transactions are compared to going through Epoch or another IPSP?
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Old 06-01-2005, 10:15 AM   #21
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Perhaps if he quits redirecting his foreign traffic to a dialer and sends them through the new system instead? I know when I push cams a huge number of signups come from countries that can't use a credit card through the IPSPs.
Actually the last time I checked, the number of banned countries with Paycom and CCBill were a little over 30 each, with most of them being the same. And for very good reason... some countries are chargeback nightmares -- and doubling your sales while doubling (or worse) your chargebacks isn't necessarily a gain overall when you take into account chargeback limits and the fine potentials.
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Old 06-01-2005, 10:16 AM   #22
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As one person already asked, will you be using netbilling?
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Old 06-01-2005, 10:17 AM   #23
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we use netbilling


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I should have hit "refresh" before asking. LOL
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Old 06-01-2005, 10:17 AM   #24
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IMHO there is a reason so few big programs use their own merchant accounts. Few can do it sucessfully, I know I have always steered away from it. If you guys can pull it off, hats off to you.
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Old 06-01-2005, 10:20 AM   #25
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Actually the last time I checked, the number of banned countries with Paycom and CCBill were a little over 30 each, with most of them being the same. And for very good reason... some countries are chargeback nightmares -- and doubling your sales while doubling (or worse) your chargebacks isn't necessarily a gain overall when you take into account chargeback limits and the fine potentials.
Hmmm, ok. I don't have a ton of experience with 3rd party billers but my ratios were always much worse. I always heard it was "scrub". :/
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Old 06-01-2005, 10:29 AM   #26
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Hmmm, ok. I don't have a ton of experience with 3rd party billers but my ratios were always much worse. I always heard it was "scrub". :/
I realize everyone always wants to blame it on the scrub, but that doesn't really make sense if you look at it.

When does a processor (be it third party or gateway) make money? On the % they take when you process a transaction. If you aren't processing transactions, then they aren't making money on you.

NO processor that I know of (and I do know the IPSPs rather well) wants to turn down good transactions. They don't profit from that at all.

What they do want, which isn't rocket science, is the largest number of transactions that fall into certain risk parameters that they can get their hands on in a given time period.

There's also a reason that certain countries are banned from certain processors. It's called risk management. If you have a history of certain countries or BINs being nothing but trouble, why on earth would you risk those countries -- which make such a minor portion of the sales, causing you to incur fines of $50 to $100 PER CHARGEBACK on ALL chargebacks?

You don't let a few bad apples spoil the lot, you cull them out and make a pie from the good apples.
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Old 06-01-2005, 10:42 AM   #27
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IMHO there is a reason so few big programs use their own merchant accounts. Few can do it sucessfully, I know I have always steered away from it. If you guys can pull it off, hats off to you.
Brad,

Actually, there are more and more "large programs" using their own merchant accounts more now, than in the past several years. We are here to help them manage them successfully. And once you finally do, you will see the difference too. I'm not knocking 3rd party at all but their comes a time where many business owners want to "take control" of their money. With the tools and services that we offer, you can easily achieve that control and increase your bottom line. Merchants are smart enough these days to be responsible with their merchant accounts, keep the scrub levels where they should be and provide quality content, while providing good customer service or having us (or another gateway/call center) do it for them.

Mitch
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Old 06-01-2005, 10:46 AM   #28
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I realize everyone always wants to blame it on the scrub, but that doesn't really make sense if you look at it.

When does a processor (be it third party or gateway) make money? On the % they take when you process a transaction. If you aren't processing transactions, then they aren't making money on you.

NO processor that I know of (and I do know the IPSPs rather well) wants to turn down good transactions. They don't profit from that at all.

What they do want, which isn't rocket science, is the largest number of transactions that fall into certain risk parameters that they can get their hands on in a given time period.

There's also a reason that certain countries are banned from certain processors. It's called risk management. If you have a history of certain countries or BINs being nothing but trouble, why on earth would you risk those countries -- which make such a minor portion of the sales, causing you to incur fines of $50 to $100 PER CHARGEBACK on ALL chargebacks?

You don't let a few bad apples spoil the lot, you cull them out and make a pie from the good apples.

Oh for God's sake stop making sense! This is GFY!
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Old 06-01-2005, 10:48 AM   #29
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Oh for God's sake stop making sense! This is GFY!
Well let me make a little sense. For WHATEVER the reason may be, I make more money sending to companies with their own merchant accounts. It really doesn't matter the reason but I can't go from good conversions to shitty conversions on the same type of site and be expected to keep sending traffic.
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Old 06-01-2005, 10:49 AM   #30
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We have considering trying it out. First time we were turned down, next time they wanted too much paperwork including a full personal financial statement.
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Old 06-01-2005, 10:50 AM   #31
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That is GREAT news! Congrats!
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Old 06-01-2005, 10:51 AM   #32
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Nice work guys!
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Old 06-01-2005, 10:54 AM   #33
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Brad,

Actually, there are more and more "large programs" using their own merchant accounts more now, than in the past several years. We are here to help them manage them successfully. And once you finally do, you will see the difference too. I'm not knocking 3rd party at all but their comes a time where many business owners want to "take control" of their money. With the tools and services that we offer, you can easily achieve that control and increase your bottom line. Merchants are smart enough these days to be responsible with their merchant accounts, keep the scrub levels where they should be and provide quality content, while providing good customer service or having us (or another gateway/call center) do it for them.

Mitch
do u guys process in euros and can handle switch solo uk debit cards?
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Old 06-01-2005, 10:54 AM   #34
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Brad,

Actually, there are more and more "large programs" using their own merchant accounts more now, than in the past several years. We are here to help them manage them successfully. And once you finally do, you will see the difference too. I'm not knocking 3rd party at all but their comes a time where many business owners want to "take control" of their money. With the tools and services that we offer, you can easily achieve that control and increase your bottom line. Merchants are smart enough these days to be responsible with their merchant accounts, keep the scrub levels where they should be and provide quality content, while providing good customer service or having us (or another gateway/call center) do it for them.

Mitch
I've only heard great things about Netbilling.
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Old 06-01-2005, 10:55 AM   #35
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We have considering trying it out. First time we were turned down, next time they wanted too much paperwork including a full personal financial statement.
Since it is your merchant account, the bank is taking risk on you. When you have a high volume account, you must back it up with financials. It is what it is.


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Old 06-01-2005, 11:00 AM   #36
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Brad,

Actually, there are more and more "large programs" using their own merchant accounts more now, than in the past several years. We are here to help them manage them successfully. And once you finally do, you will see the difference too. I'm not knocking 3rd party at all but their comes a time where many business owners want to "take control" of their money. With the tools and services that we offer, you can easily achieve that control and increase your bottom line. Merchants are smart enough these days to be responsible with their merchant accounts, keep the scrub levels where they should be and provide quality content, while providing good customer service or having us (or another gateway/call center) do it for them.

Mitch
This isn't rocket science, and Mitch is quite right. It's up to the merchant account holder to manage their own scrub, at least to a degree. With the new Mastercard agreement that we use, the bank and the gateway is on the hook just like the merchant (to a degree) so it's in everyone's best interests to manage the throughput wisely.

Banks aren't stupid these days either, there are reasons they want to see what kind of risk a merchant might become.
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Old 06-01-2005, 11:07 AM   #37
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p1mpdogg will you guys have your own cross sells with your own merchant account?
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Old 06-01-2005, 11:09 AM   #38
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This isn't rocket science, and Mitch is quite right. It's up to the merchant account holder to manage their own scrub, at least to a degree. With the new Mastercard agreement that we use, the bank and the gateway is on the hook just like the merchant (to a degree) so it's in everyone's best interests to manage the throughput wisely.

Banks aren't stupid these days either, there are reasons they want to see what kind of risk a merchant might become.
You and I should start a company together :-)

Mitch
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Old 06-01-2005, 04:36 PM   #39
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we use netbilling


bvf hit me up

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It is great to have you live with us. Let me know if you need anything at all!

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Old 06-02-2005, 09:02 PM   #40
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So how have sales been since switching?
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Old 06-02-2005, 09:05 PM   #41
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p1mpdogg will you guys have your own cross sells with your own merchant account?

in the near future we will
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Old 06-02-2005, 09:09 PM   #42
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So how have sales been since switching?

I would have to say alot better. its only been a 2 days, and we have some tweaking todo.. but overall, i am very happy
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Old 06-02-2005, 09:12 PM   #43
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We have considering trying it out. First time we were turned down, next time they wanted too much paperwork including a full personal financial statement.
You were afraid they'd turn it over to the IRS?
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Old 06-02-2005, 11:20 PM   #44
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welcome to the club

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I will personally guarantee that we will double our sales and make our webmasters double. details will be disclosed shortly on the new3 changes made in the best intrest of Epic Cash and our webmasters so we all make more... look for our newsletter very soon. possibly late today
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Old 06-02-2005, 11:21 PM   #45
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sounds good p1mpdogg.

can't wait to see my ratios.


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Old 06-02-2005, 11:29 PM   #46
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We are setting up with Netbilling right now (delayed a bit in EU but hopefully soon) can't wait it will easily kick butt over 3rd party processing with all the scrubbing going on. Can't even join any of our sites from New Zealand or Australia. Talk about wasted money.
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Old 06-02-2005, 11:30 PM   #47
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There used to be a time when "big programs" only wanted to use 3rd party because they were not responsible for the chargebacks and they did not want to mess with customer service.
Now that visa put the clamps down on 3rd party processors they have to be more responsible and cancel people when they want canceled, watch cross selling and other tricks that used to be used so commonly.
as for cust. support, netbilling makes it a no brainer. they have a call center that will handle it for you. There is nothing to pull off, its just about being responsible.

Quote:
Originally Posted by BradShaw
IMHO there is a reason so few big programs use their own merchant accounts. Few can do it sucessfully, I know I have always steered away from it. If you guys can pull it off, hats off to you.
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Old 06-02-2005, 11:33 PM   #48
adonthenet
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its bout time =)
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Old 06-03-2005, 09:16 AM   #49
Fetish
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Quote:
Originally Posted by venus
There used to be a time when "big programs" only wanted to use 3rd party because they were not responsible for the chargebacks and they did not want to mess with customer service.
Now that visa put the clamps down on 3rd party processors they have to be more responsible and cancel people when they want canceled, watch cross selling and other tricks that used to be used so commonly.
as for cust. support, netbilling makes it a no brainer. they have a call center that will handle it for you. There is nothing to pull off, its just about being responsible.
You are so right Venus. Chargeback ratios are the same whether you run third party or have your own merchant account. So why not have it in your own hands and save some money?
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Old 06-03-2005, 09:19 AM   #50
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Sammy and I have processed with our own merchant accounts since 99'. We are happy to have Netbilling as our Number 1 gateway in our cascade.

Mitch has a top notch service with a great support team.

Congrats on the move Epic I'm sure you will be happy.
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