Originally Posted by Chio

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.