Quote:
Originally posted by BigJohn
We just did a site re-design and removed the check options while we were at it. I was getting 60 - 70% bounced and bogus checks. It's bad enough that they get free content, but the worst part was that many of them were affiliate sales, which made for some very unhappy affiliates. I'd much rather lose a few sales because of no checks than to lose even one good affiliate!
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Hmmmmm... Every business has it's risk thats for sure, but there's an old saying in retail, that can pretty much be used over and over in most business's.... "Don't merchandise your stores around the thieves, sales cure all ill's" now not many people are going to get that, but trust me it's true. There will always be theives in every business, cutting off revenue streams because of them is like cutting off your feet so you can stand better.
So if chargebacks became higher (assuimg Visa wouldnt cut your nuts off anyway), on your Visa purchases for whatever, does that mean you would only accept Mastercard?
There's plenty of options for checks, non of them in my mind include not taking them anymore. For 3 years I watched my CCBill check sales and rebills max out at X ammount daily & weekly, I watched iBill do the same damn thing, than I took the advice of a good friend of mine, and switched to Electracash (so be it the service isnt all that special), BUT the acceptance and collection rate is at least 3x Greater with them, than it ever was with CCbill & iBill put together, bottom line some comapnies do shit better than other companies, and I couldnt be any happier now that im with Electracash, maybe before I made 20-30% of the total $ seen from checks, and maybe just maybe 70-80% of the checks than were a fraud, who gives a shit, 20-30% of something is better than 100% of ZERO, and now that im with Electracash (and there are others out there too), im nailing down about 60-70% of Check Sales which is much better than 100% of ZERO.
Get my point? Give in to the thieves and EVERYONE LOSES, including the good guy who might only be in the 20% right now, that loves your site, he's at least 20% of something and he wants to give you his money. Let him give you his money!