Quote:
Originally posted by adultwpc
There are no Visa/MC fees because as a webmaster you won't be taking Visa/MC directly. You'll be accepting WebPassCard instead.
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but you will be accepting them and customers will dispute. once you realize the means does not cover the cb's then those fees will be passed along to those processing with you. if they become too excessive, say bye bye to your merchant account and all those webmasters money that you would have because your account would end up being frozen due to the cbs.
you are just calling accepting visa and mc another name. how much different are you then any other 3rd party processor out there?
ibill, epoch, etc... they all take visa and mastercard. they all get hit with chargebacks and once those cb's reach a threshold too excessive for a period of time, the account is frozen and then terminated (granted ibill and epoch havent gone through that yet but several have). then no money for the webmasters who processed with said company(s).
doesnt add up.