GoFuckYourself.com - Adult Webmaster Forum - Should third party billing companies pay us interest on resever hold backs?

GoFuckYourself.com - Adult Webmaster Forum (https://gfy.com/index.php)

- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - Should third party billing companies pay us interest on resever hold backs? (https://gfy.com/showthread.php?t=106410)

Danielle

02-10-2003 02:12 AM

Should third party billing companies pay us interest on resever hold backs?

If a third party billing company holds back a reserve amount on OUR money should they pay us interest on it?

Would love to hear why and why not.

Hugs,
Danielle

AOLGuy

02-10-2003 02:13 AM

Yes - they should.

They earn interest while holding it.

BJ	02-10-2003 02:14 AM

get over it

NetRodent

02-10-2003 02:15 AM

It doesn't really matter. If they paid interest on the reserve, they'd simply raise the percentage their charge on transactions to make up for their loss.

psyko514

02-10-2003 02:20 AM

according to Chris from Epoch:

Quote:

As for this idea of the reserves making us money; sorry to say we get nada. The bank gets the float. That is our deal with our bank. I don?t know about the other processors.

Danielle

02-10-2003 02:27 AM

Quote:

Originally posted by PureMeds
get over it

LOL! Never!

Hugs,
Danielle

Danielle

02-10-2003 02:28 AM

psyko514,

Sounds like they need a new bank. :)

Hugs,
Danielle

TheDoc

02-10-2003 03:20 AM

The reserve is held by the bank on the merchant account not the processor.

Danielle

02-10-2003 03:51 AM

TheDoc,

Regardless of who holds the reserve. Interest should be paid on it.

Hugs,
Danielle

TheDoc

02-10-2003 04:40 AM

Quote:

Originally posted by Danielle
TheDoc,

Regardless of who holds the reserve. Interest should be paid on it.

Hugs,
Danielle

The processor shouldnt pay the interest as they don't get it, the bank does. It's a merchant bank account not a personal/business bank account.

It's a bank, the best scams in the world

Danielle

02-10-2003 04:54 AM

TheDoc,

Like I said.....

Regardless of who holds the reserve. Interest should be paid on it.

Hugs,
Danielle

TheDoc

02-10-2003 05:18 AM

It's not possible for the bank to pay the interest on the reserve.

All times are GMT -7. The time now is 05:46 PM.