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Yes it's YOUR merchant account, and it's your risk, yet it's NOT your merchant account per se...
Yes, you assume the risk, you are the personal guarantor.
According to my rep this morning, you can NOT move the "Merchant account from them to another gateway ( i.e. Netbilling ) you will NOT have access to customer information ( i.e. CC info and other info ) which you WOULD have access too, with a REAL merchant account...
So in essence, you have ALL the risk of a real merchant account, but no benefits of a real merchant account..
The IBill fees are NOT going to change, so you'r estill going to be paying the 15% or whatever high rate you pay, there will STILL be a reserve.
So please tell me where the benefit is... ANYONE who even has basic risk management skills, can see, this is a risky proposition, at best...
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