Quote:
Originally Posted by icymelon
FYI if your doing 500k of processing year you should get your own merchant account. especially if your site has low charge bank ratios. More than just the money you save for your bottomline you also own the data on those credit card numbers so for example IBILL stops processing you end up losing all your rebills.
|
Owning the data is always good but that doesn't mean another bank will take your data. Even clean companies have a problem getting banks to take large volumes of rebills as it tosses high risk vs normal transactions ratios off at the bank level.
As well, a merchant doesn't mean a Company will save money either. Gateways nickel and dime you to death along with the bank, often charge for fraud screening, require 24/7 support or charge you for it, and so on.
For me the Merchant account bonus is the scrub factors... If you're willing to watch it, learn it and test things - you can greatly increase your sales without killing yourself.