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Shap,
Some companies can manage their own merchant account
and this is a great solution for them. Maybe you fit
into this category. However the reality is that the
majority of companies cannot manage their own account
and risk falling into a chargeback program thereby risking
their business. This is why only a small percentage of
companies have their own merchant account. Back in
the 90's a lot of companies had their own accounts and most
all of them were lost due to issues primarily related to
chargebacks. This is why merchant accounts are so hard
to find these days, the banks have been there done that.
You also have to remember that you will need to find a
bank that will underwrite your account. A lot of banks
will not underwrite low volume accounts as the risk is
to great for the bank. If you are processing 10K per
month and get a 25K fine from MC for cbks who is going
to pay this fine? if you don't then the bank must pay it.
Do you think the banks are going to stick their necks out for
a large number of low volume adult merchants?
Clay
EPOCH
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