Quote:
Originally Posted by Zombaio_Tomas
Kimmy, you are a competitor and of course don't want to see us here. Let me re-formulate me: Neither Citibank or First Data does DIRECT Merchant Accounts for 5967, they do with IPSP's if you are certified, trusted and play by the rules.
You are marking words now but I still like you! ;)
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LOL, you don't know me well enough to like or dislike me, but thanks
Back to the business end of it, there is no such thing as an indirect 5967 transaction. Transactions are assigned an MCC based on the type -- ie internet, terminal swiped -- and the content -- airline ticket, porn site, book to be delivered with signature.
Transactions are not "transferable" to another code... for instance, a purchase made in a strip club with a swiped (or keyed) card has one code assignment. If the same company had websites that sold subscriptions, they would be a different code assignment, run on a different MID/TID setup. Interspersing those transactions is NOT ALLOWED.
As to the comment about worrying about competition, you'll find that I'm friendly with, and have tremendous respect for the legitimate billing companies in the industry. CCBill, Epoch, Netbilling, L3 Payments, and CommerceGate jump to mind immediately (and I'm not saying that all others are not legitimate) and I have personal friendships as well as the occasional business relationship with many of them.
Amazingly enough, in a couple of months, I will have been in the adult industry for ten years, almost all of those dealing with billing and payment solutions -- I don't have to hate on anyone, my clients have always gotten paid on time and in full.