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eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)

- Everything Else (https://www.aspkin.com/forums/everything-else/)

- - Ccnow (https://www.aspkin.com/forums/everything-else/1469-ccnow.html)

AndreasF

10-14-2007 05:09 AM

Ccnow

Hi

anybody still uses their service?
I got some angry mails from several customers who paid CCNOW for over a week using PP.

As informed by the customer these orders are still shown as 'pending' without given any information to the customer or me as the seller.

I sent an inquiry to CCNOW- without any response, of course.

Cheers

Andreas

aspkin

10-14-2007 10:30 AM

CCNOW has a weird setup.

Quote:

Enter CCNow. They handle the credit card transaction, and pay merchants the money they collect minus their 9% fee (8% in November and December). They walk a thin line to do so. Credit card association rules specifically prohibit credit card factoring, that is, taking a credit card payment on behalf of another company. The way CCNow stays legal is to function as the online retailer of their "clients" products. If you sign up with CCNow, you agree to the legal terms that when a customer places an order, CCNow buys the ordered product(s) from you for immediate resale to the customer. CCNow is the actual retailer, and the credit card purchase is in their name. You act as a wholesaler who is paid to ship the product on CCNow's behalf. Confusing? Well, maybe a little.

It doesn't seem like a good option for a merchant account.

AndreasF

10-14-2007 07:31 PM

OK, I got it.
It really looks better to move on...

Cheers

AndreasF

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