Quote:
Originally posted by notjoe
Im sure that is factored in when they decide to charge 10-15% in processing fees 
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Factored in? How do you figure? Think of a bank giving someone a loan. They also charge a "fee" typically referred to as an "interest rate". Now if the bank loans you $1,000 and charges you a 10% interest rate for "fronting you the money" and you don't make your payments on the loan at what point does the bank get this "factored in" 10%? Likewise when Verotel receives a chargeback or a refund the processing fee is also credited back to the merchant for that transaction; it would be different if we kept it...like other processing companies do.
Quote:
Originally posted by KRL
Nobody here ever looks at things from the perspective of the processor. Its amazing.
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I agree KRL...it's amazing.