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Its an interesting angle you bring up and something I think all of us in the industry should pay close attention to.
The best way to protect yourselves is just what AMAdude mentioned and thats getting your own merchant accounts to have as backup or to use in conjunction with an IPSP in cascading billing.
HOWEVER, .. baddog is right, merchant accounts aren't for everyone!
Those applying should know a few facts on what goes into consideration on approval and rates from a merchant bank:
monthly volume
cb ratios for the past few months
per transaction amounts
product or service type
credit history
the good news is that it's FREE to apply, so if you feel comfortable with those things listed above why not give it a shot?
Another great factor is the difference between fees you pay a IPSP and those you pay for a merc account and processing , not to mention greater control over your customer base and contesting charge backs.
Finally, IMHO, its always good practice for processors of any type to have a good working relationship with more than one banking entity.
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HR merchant accounts from 3.45%
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victoriakozub AT gmail.com
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