Merchant accounts: can they be closed too

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  • clickclickclick
    Confirmed User
    • Jan 2005
    • 1227
    #1

    Merchant accounts: can they be closed too

    i dont really understand, thus i post on gfy to get flammed

    with this paymonde bs and them losing their banks, can something like this be prevented if people got their own merchant account? Or can merchant account providers still screw you over somehow and close ur account

    if it doesnt make sense, im sorry, i am not as smart as u
    if you need more than 3 clicks to get to a join page, something is wrong ;)

    p.s. i still bring the sales whores here.
    Tags: None
    • stef_girls18
      Confirmed User
      • Nov 2006
      • 355
      #2
      The bank can always close your merchant account, as well as VISA and Mastercard can do it anytime

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        • clickclickclick
          Confirmed User
          • Jan 2005
          • 1227
          #3
          Originally posted by stef_girls18
          The bank can always close your merchant account, as well as VISA and Mastercard can do it anytime
          well, that is true. im just saying, how do u prevent getting shut down and how do you prevent not getting fucked over like paymonde
          if you need more than 3 clicks to get to a join page, something is wrong ;)

          p.s. i still bring the sales whores here.

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            • Masterchief
              Confirmed User
              • Jun 2006
              • 530
              #4
              Yes they can be closed. It's even worse when you lose a merchant account since you get placed on a "terminated merchant list" and once you're on there you and anyone associated with your company is pretty much blacklisted from ever getting an account again.

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                • JimiJimi
                  Confirmed User
                  • Aug 2006
                  • 483
                  #5
                  chargeback ratio over 1-3% and your red flagged then terminated.
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                    • RK
                      Confirmed User
                      • Aug 2001
                      • 868
                      #6
                      Originally posted by clickclickclick
                      how do you prevent not getting fucked over like paymonde?
                      You just need to follow some simple rules (which revolve around not trying to trick people) which paymonde didn't.
                      Does anyone look down here?

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