Is your ACH sales going up ?

[Due]

I'm just wondering because of all the horror stories we hear about people getting their credit cards pulled from the banks or limits lowered with like 2/3 overnight.

Pardon my ignorance, just wondering since checks appeared to be pretty much mandatory when I opened my US bank account and never really considered them to be a valid payment options when shopping online

[Major (Tom)]

90% of your ach sales are fraud. Seriously. I stand behind that 100%
pull them and you will not see a decrease in sales, only piracy.
Duke

[Bossman]

ACHDebit is tight - no major problem with fraud on the sites we promote that uses achdebit

[Bossman]

On our numbers, then ACH have been steady since the crises started, which is excellent compared to CC transactions have taken a hit.

[Due]

Originally Posted by DukeSkywalker

90% of your ach sales are fraud. Seriously. I stand behind that 100%
pull them and you will not see a decrease in sales, only piracy.
Duke

Fraud as in bouncing checks or people charging back ? I don't think a payment method is directly related to piracy, one way or the other people will find ways to pirate your content if it's good and I don't think giving your bank details to someone you are gonna steal from is the most obvious way of doing it

Originally Posted by Bossman

On our numbers, then ACH have been steady since the crises started, which is excellent compared to CC transactions have taken a hit.

That's what I guess too, I think a lot of people still have the same amount of money as they did years ago, just now they realized how few that is. It's probably not helping the credit card companies removed the option to impulse buy yourself into another 10K dept.

Did anyone analyze how their debit card sales is performing compared to credit card sales ?? (if your merchant provider give out those details)

[Bossman]

Originally Posted by Due

That's what I guess too, I think a lot of people still have the same amount of money as they did years ago, just now they realized how few that is.

People in the private sector are the first to get hit - the next major layoffs will be in the public sectors, and that will seriously fuck with alot of people, who thought they were immune to the crises - but goverments can´t pay for welfare/public goods, when their tax revenue from the private sector is dropping like a rock.

Of course politicians will try and create inflation (creating money without any increase in production to cover it) to avoid this, so we might find ourself having to rise prices in a falling market

If only politicians knew how to balance a budget

[Bossman]

Originally Posted by Due

Did anyone analyze how their debit card sales is performing compared to credit card sales ?? (if your merchant provider give out those details)

Have not tracked this, but our declines are up from some 22% to 27% in a year, which I guess is due to the credit tightening, where alot of people are now basicly using debit cards instead of credit cards.