Quote:
Originally Posted by EroTechnology
2Checkout are very good if it`s a mainstream product/service but I`m thinking that with 30% rates, it`s something considerably high risk? (adult/casino/gambling?).
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It's adult, but the company has been in business for nearly 25 years and taking credit cards for over 20 ... we have like 2 chargebacks per year max (always for less than $200.00) and excellent history with all of our financial services. The rep at our current (30%) merchant bank says all the banks are doing this to adult businesses now. I don't know how true that is, except that we've had a hell of a time. We've changed credit card processors like 4 times in the past couple of years, they keep dropping us; last year we had no processor at all for 4 months, almost put us out of business.
A couple of years ago Bank of America, without warning, froze our business checking account completely, all they'd let me do was close it and get a check for the balance. Their rep told me that BofA no longer handles ANY adult businesses at all. We switched to Wells Fargo.
RACER