Merchant accounts: can they be closed too - GoFuckYourself.com

clickclickclick · 11-16-2006, 08:15 AM

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

stef_girls18 · 11-16-2006, 08:16 AM

The bank can always close your merchant account, as well as VISA and Mastercard can do it anytime

clickclickclick · 11-16-2006, 08:32 AM

Quote:

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

Masterchief · 11-16-2006, 08:35 AM

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.

JimiJimi · 11-16-2006, 08:50 AM

chargeback ratio over 1-3% and your red flagged then terminated.

RK · 11-17-2006, 08:28 AM

Quote:

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.

11-16-2006, 08:15 AM	#1
clickclickclick Confirmed User Join Date: Jan 2005 Posts: 1,227	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.

11-16-2006, 08:16 AM	#2
stef_girls18 Confirmed User Join Date: Nov 2006 Posts: 355	The bank can always close your merchant account, as well as VISA and Mastercard can do it anytime __________________ All the wallpapers you ever want http://www.wallpapers18.com And some cash to be made http://www.bucks18.com

11-16-2006, 08:50 AM	#5
JimiJimi Confirmed User Join Date: Aug 2006 Location: Ft. Lauderdale, Florida Posts: 483	chargeback ratio over 1-3% and your red flagged then terminated. __________________ Call or Click http://18666WebCam.com

11-16-2006, 08:35 AM	#4
Masterchief Confirmed User Join Date: Jun 2006 Posts: 530	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.