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Old 06-06-2013, 01:41 PM  
_Richard_
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Join Date: Oct 2006
Location: Vancouver
Posts: 30,984
Quote:
Originally Posted by Jon View Post
Yeah, Richard, I am... But for a very long time I wasn't publicly admitting it. Now I don't advertise it really, but that's also because my minimums are still high and I'm kind of a fan of people trying out everyone else, failing or getting raped, and then coming to me. Or they come in from referrals.

Of course, my payments corp is totally separate from WF, and I also keep the name private for as long as I can. In fact, I'm going to have to find someone to run day to day ops on WF since I need to focus on boarding all of the merchants from the third parties and other ISO's in this industry and other high risk markets. Their days are pretty numbered anyway, so it was only a matter of time until someone like me came around and ruined the fun.

Most ISO's and third parties I've encountered, especially in the high risk space, are just fucking clueless. They've absolutely shot themselves in the foot over and over again, and while I respect their game, especially from a high profit low cost perspective, they have mostly chosen to screw their clients rather than empower them.

So whatever... changes are coming. I'm filing patents on my risk management products and one will show you guys how to focus more on marketing and innovating your industry, while my crew takes risk and turns it into profit.

Oh yeah.. say bye bye to chargeback fees too. We always cover those for our clients. All Visa/MC fees too. And our disc rates are low. Soooo goodluck competing with me.
if you will be concentrating on helping/empowering the merchant, than i am not so sure i need to wish you good luck. That form of mentality seems to generate money hand over fist, with all of history to back ya up

regardless, best of luck with the business
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