Quote:
Originally posted by eblastics
Website owners with their own merchant accounts are easy to deal with. If your merchant bank isn't happy with your results, out you go. But when you're a 3rd party processor who's processing millions per month via several different domestic & offshore merchant accounts, it's easier to stay afloat longer than 1 "high risk" account who has been at 5+% chargebacks for 6 straight months.
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Sorry eblastics, but you are wrong. 90% of the rip off companies that caused this mess are still out there, processing probably just as many charges as they were a year or two ago. They change names and companies just like normal people change underwear.
They know what the dodgy scam they run is, and they are very good at it.
In the end, they will probably be the last ones standing.