Quote:
Originally Posted by VGeorgie
If she had her own merchant account she's be liable for the $35+ chargeback fee, in addition to the funds reversal. CCBill does not ordinarily pass on the chargeback fee to its clients. That allows them sole discretion whether to unilaterally issue a credit.
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We do have our own merchant account and when dealing with a bank directly there is no chargeback fee. The chargeback fees CCBill and Zombaio etc come with is invented by themselves and just another way to feed their greed a bit more.
Here's another thing:
You process in US dollars and someone in Europe joins your site. Subscription costs $25 per month and you would think the new member is charged in Euro's at the current conversion rate.
Well he's not.
The payment processors use their own conversion rates which provides them with another 25% extra profit. The guy in Europe ends up paying $31 but you'll get $25 of that, minus the processing fee.
So anyone standing up against these greedy stealing practices, even the smallest guys with maybe 3 sales per week, really deserve some respect.
Thanks for bringing this up Swirls.