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....

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

Doesn't Electracash process checks only?

Mitch

PureMeds,

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

Mitch

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

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

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

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

effected = affected
coarse = course

:Graucho

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quote:
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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.


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quote:
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Originally posted by Shoplifter

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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.