Quote:
Originally Posted by Modee In general the higher the rate, the easier it is to get and maintain the account. All that extra cash helps the more lenient merchant processors cover their losses for fraud and chargebacks.
But if I were going to pay 5% I would just get an account with CCNOW, who will approve any slob. | You are right. Now the only benefit is the merchant money withdraw faster than CCNOW. Mercahntplus charge $39 fee for charge backs though.
This is RIP-OFF, I called them couple times, they told me that only Business Credit card and international credit card will be charged higher rate. But none of my customers use those cards. Then they said the last word, it depends on how the Visa/Master company charge, it's out of their control. WHAT AN ANSWER!
Here is a worst one, they didn't tell you that you will be charged an early termination fee for 3 years terms at $295. It's not printed on the application or agreement, it could be in separate documents but they never give you at first. I compare some other merchant providers, some have 1 year only, and some even no such E-T-F.
I guess Dear Aspkin should update this information in the ebook.
I'm still finding a way out, otherwise all my little profit become merchant company's FREE lunch.
Any good merchant company suggestions? Please help!
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