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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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02-19-2002, 11:18 AM
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#1 |
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Confirmed User
Join Date: Nov 2001
Location: Redmond, WA
Posts: 2,727
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Interesting Read About Processing Reserves
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02-19-2002, 11:34 AM
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#2 |
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bitchslapping zebras!!!!!
Industry Role:
Join Date: Jun 2001
Location: In a shack by the beach
Posts: 16,015
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Um, yeah, right.
What your author fails to mention is that the acquiring BANKS set AND hold the reserve amount. For 180 days. So I'd say that anyone getting their money in 90 days is pretty lucky. The so-called service isn't sitting around counting your change while you don't have it. It's a pass thru charge for the 'service', one that they are not exempt from. If you use your own merchant account, you know where the reserve is, who keeps it, and why they hold it. |
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