Quote:
Originally Posted by xxweekxx
Oh yeah also on the point of them not charging visa fees, some of you dont know business 101..
yeah if they process only at 4.9%, it would take them $xx,xxx to make back $750 in fees..
BUT, they could have one guy who processes $50,000 a month, which is around $2,500 gross a month.. in a year thats over $25,000..
So that guy theoretically paid the fees for a lotta people..
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I just dont see many people rushing in to subsidize small accounts.
I do some serious volume and my main processors are CCbill and Epoch (yes I get volume discounts but not anywhere near 4.9%). I sat here when all wanted to process through the Philippines and tried to tell people dont do it. This may not be the same BUT this just has a too good to be true ring to it.
I do millions with both CCbill and Epoch a year and I still pay the registration and would be real wary if I didnt. I will sit on the sidelines and if it stanfds the test of time they will get SOME of my business.
Lets see where this goes because Citibank I just do not see at all and I bank with them in several countries.