Quote:
Originally posted by Don/Atlas
Nice read Rick. I would be interested in hearing what you have to say about the future of 3rd party billing. 2000charge just backed out of the 3rd party billing model and the froze our funds at the merchant bank level.
We currently bill a little over 100K a month with Jettis and I cant say that i'm terribly comfortable with the whole 3rd party billing concept. plus, it doesnt seem like banks are handing out Merchant accounts these days.
any thoughts?
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I really just rant. But if you want to know my opinion I don't think 3rd party billing is going anywhere. The entire point of Visa's switch to the IPSP model, classifying them as service providers rather than 3rd party aggregators, was intended to make the companies more responsible in the management of the operations and that is exactly what has happened.
Some of the 3rd party guys going under and others like Epoch, CC Bill and Jettis growing was exactly the intention and good for the industry, not bad.
The increased amount of rules, etc. means that some companies can handle it and other can't. Your job as a client is to try and pick a company you feel can handle it so you don't get fucked on your rebills.
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