[Asterisk-biz] credit card payment

[Kenneth Shaw]

Seshu,

I do not feel that your posting is fair. It infers that my post was
referring to a scam.

No where did I talk about setup charge, shopping cart fee, gateway fee,
maintenance fee, monthly statement fees.

Also, a discount rate of 2.25 to 3.00% is standard. As well as
transaction gateway fees of $.05 or more per transaction.

The reality is that in a high assessed risk category of selling
intangible products such as VoIP service, you'd be very lucky to get
even close to 2.00% in merchant account fees. 3-4% is standard for this
category of services.

Not to mention, your posting of what constitutes a fraudulent merchant
account is faulty.

Fraudulent merchant accounts are those that charge abnormally high
rolling reserve rates (anything over 10%), delay payments over a span of
multiple weeks, charge hidden fees such as "cash transfer fee", or those
that don't transfer rolling reserves when they're supposed to. Statement
fees, transaction fees, and percentages are normal for any merchant
account -- it is the cost of doing business with credit cards. You see
these same charges whether you're working through
Visa/MasterCard/American Express/Discover. Anyone who states otherwise
is a) lying to you, or b) doesn't understand merchant accounts.

We don't do merchant accounts as our primary business. We offer a large
set of business to business services to the telemarketing industry. It
so happens that telemarketers often need to be connected with high risk
merchant accounts, and so we have offered our services to prospective
clients in this respect.

Any VoIP provider using PayPal as primary form of payment or does not
have a properly classified merchant account is at risk of having their
accounts terminated by PayPal or their processing bank. 

Selling VoIP service via PayPal is strictly prohibited by their terms of
service, and would be classified as fraudulent activity by any
processing bank if it was not properly listed in the correct category
and at the appropriate rate assessed for that level of risk.


On Wed, 2005-03-30 at 14:42 -0500, Kanuri, Seshu (Company IT) wrote:
> Keneth Shaw Wrote:
> ------------------
> /Snip/
> 
> If you need an <a href="http://www.highriskexperts.com">international
> merchant account</a> we can help you with that. 
> Email me offlist and I can help you get in touch with our merchant
> services department here at ExpiTrans.
> 
> /Snip/
> 
> Beware of the Merchant Account Scams around you.
> -----------------------------------------------
> Merchant Accounts rip you off if your transaction volumes are less than
> $5000 a Month with fees like 
> -Setup charge
> -Shopping cart and Software charge
> -gateway fee
> -Annual Maintennance fees
> -Monthly Rstatement fees
> -Discount rate ( 2.25 to  3%)
> -Per transaction fee ( $0.25 to $0.35 )
> 
> If you are a startup and does not have much business, PayPal is the best
> from all accounts.
> 
> Disclaimer: 
> -----------
> I was one of the original Developers of Paypal when I was working for
> them between 1999 and 2001. My recommendation is not based on my past
> employment with them, but I have also been it's user all the time, till
> now and am quite happy with it, inspite of the fact that PayPal also
> rips you off if you collect payments from outside US into your US
> account. 
> 
> Seshu 
> --------------------------------------------------------
>  
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-- 
Kenneth Shaw
ExpiTrans, Inc.
2428 Newport Blvd #8
Costa Mesa, CA 92627
tel: 949 278 7288
fax: 866 494 5043
ken at expitrans.com