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Kimmy Kim,
Yep...I agree.
What people don't realize is this....
They get that 1 chargeback out of 100 and they are at their 1%.
More in likely, they'll have 3 to 5 chargebacks out of 100 and that'll put their system on being monitored, possible a reserve account.
If they're over that 5% chargeback ratio for a 3 month peroid.
VISA can have their account terminated.
Poeple, I have had merchant accounts.
Its not all cream and cookies.
You have to play the game much..much more carefully when you have your own. Play the game right and be carefu. Stick with the very best in customer service and when you get a chargeback inquiry, don't fuck around and try to dispute. You'll lose without that SIGNED authorization from the consumer.
You let down just a hair, you'll find you been blacklisted and COULD fuck up your credit. It has happened to some people. I was lucky enough to have enough in reserve to cover my ass.
Why do you think the BIG boys use 3rd party processing?
Because of the headaches that come along with t Merchant account.
Merchant account is up to you. Things I enjoyed about it. If I had a BIG weekend. My Money was in my bank account daily.
Bad things are chargebacks.
I've been in this business now 6, almost 7 years.
I had both, merchant and 3rd party.
IMHO, sticky with the 3rd party. They cover your ass. The $750 fee...fuck it. All part of life. Ever changing business shit that happens on a every day thing. It's always something.
You wanna play the merchant account game.
Its your ass, your choice...not mine.
Some of you will be glad you had a merchant account. Some of you will wish you never left 3rd party.
Be fucking careful.
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