Quote:
Originally Posted by Mutt
5%? the other third party processors are between 12 and 15%. how can you offer such a better rate? for high risk internet even if i got a merchant account it would be about 8% I thought.
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I have been an IPSP since 1998 (my avs) and have built up very solid relationships so I am able to get pretty good rates.
Also it is only 5% for beta (which stays with you after launch) we will likely launch at 10% with a sliding scale based on the risk of an individual merchant.
For example a merchant with very few chargebacks processing rate would begin to decline over time and the flip side is a merchant with a high number would increase.
We don't think it's fair to charge someone doing clean business the same rate as a merchant that isn't.
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