Quote:
Originally Posted by Bladewire
That additional 10% of revenue is eaten up in your new merchant accounts 10% holdeback that caps at $10k-25k or more and is held until 6 months AFTER your merchant account is closed, never accumulating interest.
You'll have higher chargebacks on merchant accounts and NO customer service.
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It's not "eaten up," you get it back. That's 10% you are not making now sitting in an account that comes back to you after the cycle. Add to that the increased throughput due to your own scrub settings = short-term loss (set up fees,) long-term gain (significantly lower rates, increased throughput meaning more transactions, increased flexibility with upsells, the list goes on and on.)
You will not have higher chargebacks just because you are on a merchant account. That is due to not having chargeback management knowledge. Both Rocket Gate and NetBilling offer customer support packages that are a mere fraction of the cost that you would pay through the Epoch/CCBill suite.
Merchant accounts are not for everyone. They take work, trial and error, and a lot of headaches. Once you have them nailed, they are a beach house in the Caribbean.