Mainstream Merchant Account Question - GoFuckYourself.com

shuki · 04-18-2005, 11:29 AM

I just bought a new mainstream site and am looking at card service international for my processing.

Visa/MC Rate is 2.19% with a 25 cent per transaction fee.

My main question is regarding a personal gty. Is this common. I can't recall if I did this on others as it has been a long time.

Just want to know if it is standard and all will require this or if other firms will allow you to not use a PG.

Thanks

ronin · 04-18-2005, 11:45 AM

you can find a different solution with no personal gty, i ran into the samething when getting merchant account for my ringtone stuff

shuki · 04-18-2005, 12:07 PM

Thanks for the tip. The PG is my main concern. If everyone had to do it then I would but if others do not require it then I will look elsewhere.

Thanks

shuki · 04-18-2005, 12:08 PM

I wonder what the netbilling guys have to say. Any input?

Mogulman · 04-18-2005, 12:21 PM

Quote:

Originally Posted by shuki

I just bought a new mainstream site and am looking at card service international for my processing.

Visa/MC Rate is 2.19% with a 25 cent per transaction fee.

My main question is regarding a personal gty. Is this common. I can't recall if I did this on others as it has been a long time.

Just want to know if it is standard and all will require this or if other firms will allow you to not use a PG.

Thanks

A personal guaranty is extremely common. I can set you up with an account without it, but then the Bank requires that you show 2 years of business financials instead.

Regarding your rate, that's a very good deal. But becareful with your mid and non-qual rates. If you expect a lot of business card, foreign cards, or don't pass through the right transaction info, then the transactions will be downgraded so you never see that 2.19%. I've seen non-qual rates as high as 5%.

BlueWire · 04-18-2005, 12:27 PM

We use Card Services International. Been with them for about a year and a half. No complaints

shuki · 04-18-2005, 01:00 PM

Quote:

Originally Posted by Mogulman

A personal guaranty is extremely common. I can set you up with an account without it, but then the Bank requires that you show 2 years of business financials instead.

Regarding your rate, that's a very good deal. But becareful with your mid and non-qual rates. If you expect a lot of business card, foreign cards, or don't pass through the right transaction info, then the transactions will be downgraded so you never see that 2.19%. I've seen non-qual rates as high as 5%.

Who would it be through?

galleryseek · 04-18-2005, 01:01 PM

sup shuki, how's band.com doin?

ronin · 04-18-2005, 01:04 PM

Quote:

Originally Posted by shuki

Thanks for the tip. The PG is my main concern. If everyone had to do it then I would but if others do not require it then I will look elsewhere.

Thanks

sent you icq and email with the company i went with.....

NETbilling · 04-18-2005, 01:08 PM

Quote:

Originally Posted by shuki

I wonder what the netbilling guys have to say. Any input?

Hi,

The first thing I have to say is why use Cardservice instead of Netbilling? We will provide you with so much more.
Netbilling will set you up with everything you need. Every US bank requires a personal guarantor as far as we know. All of the banks that w ework with do.

Please contact our sales deparment to discuss further.

Thank you, Mitch Farber

NETbilling · 04-18-2005, 01:10 PM

Cardservice is notorious for downgading transactions, thus charging higher rates.

Mitch

shuki · 04-18-2005, 02:04 PM

Quote:

Originally Posted by NetBilling

Hi,

The first thing I have to say is why use Cardservice instead of Netbilling? We will provide you with so much more.
Netbilling will set you up with everything you need. Every US bank requires a personal guarantor as far as we know. All of the banks that w ework with do.

Please contact our sales deparment to discuss further.

Thank you, Mitch Farber

Mitch,

calling now.

Thanks

Mogulman · 04-18-2005, 02:16 PM

Quote:

Originally Posted by shuki

Who would it be through?

Underwriting by iPayment (publicly traded) and acquired through JP Morgan Chase Manhattan. You don't get much bigger.

04-18-2005, 11:29 AM	#1
shuki Confirmed User Join Date: Aug 2004 Location: Boston Posts: 3,070	Mainstream Merchant Account Question I just bought a new mainstream site and am looking at card service international for my processing. Visa/MC Rate is 2.19% with a 25 cent per transaction fee. My main question is regarding a personal gty. Is this common. I can't recall if I did this on others as it has been a long time. Just want to know if it is standard and all will require this or if other firms will allow you to not use a PG. Thanks __________________ Looking to buy established paysites contact me [email protected]

04-18-2005, 12:07 PM	#3
shuki Confirmed User Join Date: Aug 2004 Location: Boston Posts: 3,070	Thanks for the tip. The PG is my main concern. If everyone had to do it then I would but if others do not require it then I will look elsewhere. Thanks __________________ Looking to buy established paysites contact me [email protected]

04-18-2005, 12:08 PM	#4
shuki Confirmed User Join Date: Aug 2004 Location: Boston Posts: 3,070	I wonder what the netbilling guys have to say. Any input? __________________ Looking to buy established paysites contact me [email protected]

04-18-2005, 01:10 PM	#11
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,584	Cardservice is notorious for downgading transactions, thus charging higher rates. Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

04-18-2005, 11:45 AM	#2
ronin Confirmed User Join Date: Aug 2002 Location: Main St. Posts: 1,300	you can find a different solution with no personal gty, i ran into the samething when getting merchant account for my ringtone stuff

04-18-2005, 12:27 PM	#6
BlueWire Confirmed User Join Date: Nov 2004 Posts: 4,628	We use Card Services International. Been with them for about a year and a half. No complaints

04-18-2005, 01:01 PM	#8
galleryseek Confirmed User Industry Role: Join Date: Mar 2002 Posts: 8,234	sup shuki, how's band.com doin?