Credit Card Merchant Accounts

Torn Rose · 2004-04-19, 12:00 PM

I decided last summer to get a Merchant Account, and after all the paper work, was told it would cost $2300.

I had the $ at the time, but I was just too cheap to spend it so I waited, then a few months ago, I decided to pay it, and was told that I missed the deadline by 2 weeks.

In my 4 years of being online, this was the biggest business mistake I ever made.

No new "High Risk" accounts are be accepted by any bank. You CAN get a merchant account for tangibles only for around $250, but nothing subscription or anything that can be downloaded.

I agree with Dan, Karen from Netbilling has kept me informed with whatever she hears. But IMHO, this will not change anytime soon at least until after the elections.

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2004-04-19, 12:00 PM	#5
Torn Rose "Faith is believing what you know ain't so." ~ Mark Twain Join Date: Aug 2003 Location: Portland, Oregon Posts: 4,806	I decided last summer to get a Merchant Account, and after all the paper work, was told it would cost $2300. I had the $ at the time, but I was just too cheap to spend it so I waited, then a few months ago, I decided to pay it, and was told that I missed the deadline by 2 weeks. In my 4 years of being online, this was the biggest business mistake I ever made. No new "High Risk" accounts are be accepted by any bank. You CAN get a merchant account for tangibles only for around $250, but nothing subscription or anything that can be downloaded. I agree with Dan, Karen from Netbilling has kept me informed with whatever she hears. But IMHO, this will not change anytime soon at least until after the elections.