Electra Cash - Another Credit Card Processor not effected - GoFuckYourself.com

Krome · 10-07-2002, 05:19 PM

http://www.electracash.com are also not effected by the visa issue one bit...shit hot company....looks like they want some serious business as well....

BJ · 10-07-2002, 05:26 PM

hate to tell you, but they are a check processing company

NETbilling · 10-07-2002, 05:27 PM

Doesn't Electracash process checks only?

Mitch

NETbilling · 10-07-2002, 05:28 PM

PureMeds,

We must have posted at the same time... lol

Mitch

Krome · 10-07-2002, 05:28 PM

Yet again I prove how fucking stupid I am...

BJ · 10-07-2002, 05:30 PM

and so you know, their admin area (at least how it was a few months ago) is horrible

Fitzit · 10-08-2002, 03:24 PM

Fitzit here to tell you that the reason Electracash will not be effected by the Visa regs is that we do only checks.

This is going to matter to each and every one of you when your Credit Card Processor , who also does your checks, locks down and holds all of your funds.

Think I'm joking, ask anyone who didn't see a dime for weeks last year when iBill burned their merchant bank.

As to our admin, yes sir it sucks, we are aware of it and we are working on it. We became Intuit Development partners just for this reason. Our internal accounting is straight, our distribution is straight. We are developing the online merchant interface now, when we launch it you will have fully configurable, dynamic accounting.

If you are looking for a cascading product check out Mansion Productions, MPA2. Take your CC three ways , Electracash for Checks and paypal too.

Of coarse this is a one time post, no Spam from Electracash

Lexxx · 10-08-2002, 03:26 PM

i thought they were working on cc processing too...

E-Randy · 10-08-2002, 03:29 PM

Quote:

Originally posted by Fitzit
Fitzit here to tell you that the reason Electracash will not be effected by the Visa regs is that we do only checks.

This is going to matter to each and every one of you when your Credit Card Processor , who also does your checks, locks down and holds all of your funds.

Think I'm joking, ask anyone who didn't see a dime for weeks last year when iBill burned their merchant bank.

As to our admin, yes sir it sucks, we are aware of it and we are working on it. We became Intuit Development partners just for this reason. Our internal accounting is straight, our distribution is straight. We are developing the online merchant interface now, when we launch it you will have fully configurable, dynamic accounting.

If you are looking for a cascading product check out Mansion Productions, MPA2. Take your CC three ways , Electracash for Checks and paypal too.

Of coarse this is a one time post, no Spam from Electracash

effected = affected
coarse = course

Shoplifter · 10-08-2002, 03:54 PM

Quote:

Originally posted by Fitzit

Think I'm joking, ask anyone who didn't see a dime for weeks last year when iBill burned their merchant bank.

Tell us more about this?

Fitzit · 10-09-2002, 10:44 AM

quote:
--------------------------------------------------------------------------------
Originally posted by Fitzit

Think I'm joking, ask anyone who didn't see a dime for weeks last year when iBill burned their merchant bank.

--------------------------------------------------------------------------------

quote:
--------------------------------------------------------------------------------
Originally posted by Shoplifter

Tell us more about this?

--------------------------------------------------------------------------------

Well if you stop sending, or are not allowed to send Visa traffic, for the next 180 days there may be chargebacks coming in. If your 3rd party biller has all of your payment streams, they could hold your ACH monies to cover your CC Chargebacks.

There was a time at the beginning of this year that we gained several clients, due to the fact that they were being starved by iBill. I went to two of our long time merchant and they confirmed to me that iBill had been holding distributions due to problems on the CC side of the business. This went on for three weeks.

Imagine having all of your funds locked up by your 3rd party biller. How would you pay your affiliates? How would you pay yourself?

Something to think about.

10-07-2002, 05:19 PM	#1
Krome Confirmed User Join Date: Jul 2001 Location: London - UK Posts: 2,851	Electra Cash - Another Credit Card Processor not effected http://www.electracash.com are also not effected by the visa issue one bit...shit hot company....looks like they want some serious business as well....

10-07-2002, 05:27 PM	#3
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,584	Doesn't Electracash process checks only? Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

10-07-2002, 05:28 PM	#4
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,584	PureMeds, We must have posted at the same time... lol Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

10-08-2002, 03:26 PM	#8
Lexxx Confirmed User Join Date: Feb 2001 Location: Boston Posts: 1,489	i thought they were working on cc processing too... __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

10-07-2002, 05:26 PM	#2
BJ Confirmed User Join Date: Mar 2002 Location: asia Posts: 5,590	hate to tell you, but they are a check processing company

10-07-2002, 05:30 PM	#6
BJ Confirmed User Join Date: Mar 2002 Location: asia Posts: 5,590	and so you know, their admin area (at least how it was a few months ago) is horrible

10-08-2002, 03:24 PM	#7
Fitzit Registered User Join Date: Sep 2002 Location: Looking Down on three States from my office. Posts: 22	Fitzit here to tell you that the reason Electracash will not be effected by the Visa regs is that we do only checks. This is going to matter to each and every one of you when your Credit Card Processor , who also does your checks, locks down and holds all of your funds. Think I'm joking, ask anyone who didn't see a dime for weeks last year when iBill burned their merchant bank. As to our admin, yes sir it sucks, we are aware of it and we are working on it. We became Intuit Development partners just for this reason. Our internal accounting is straight, our distribution is straight. We are developing the online merchant interface now, when we launch it you will have fully configurable, dynamic accounting. If you are looking for a cascading product check out Mansion Productions, MPA2. Take your CC three ways , Electracash for Checks and paypal too. Of coarse this is a one time post, no Spam from Electracash

10-09-2002, 10:44 AM	#11
Fitzit Registered User Join Date: Sep 2002 Location: Looking Down on three States from my office. Posts: 22	quote: -------------------------------------------------------------------------------- Originally posted by Fitzit Think I'm joking, ask anyone who didn't see a dime for weeks last year when iBill burned their merchant bank. -------------------------------------------------------------------------------- quote: -------------------------------------------------------------------------------- Originally posted by Shoplifter Tell us more about this? -------------------------------------------------------------------------------- Well if you stop sending, or are not allowed to send Visa traffic, for the next 180 days there may be chargebacks coming in. If your 3rd party biller has all of your payment streams, they could hold your ACH monies to cover your CC Chargebacks. There was a time at the beginning of this year that we gained several clients, due to the fact that they were being starved by iBill. I went to two of our long time merchant and they confirmed to me that iBill had been holding distributions due to problems on the CC side of the business. This went on for three weeks. Imagine having all of your funds locked up by your 3rd party biller. How would you pay your affiliates? How would you pay yourself? Something to think about.