365billing Lost Merchant Account ?

becky · 2007-04-05, 11:02 AM

I heard a few days ago that they were losing their US merchant account but this is not entirely the truth. Yes they are not processing transactions at a US bank at the moment. They've been working on a new US account for the last 6 months. I believe they are sending the transactions through their EU solution for now while they finish up integration with the new US bank.

GonZo · 2007-04-05, 11:08 AM

Quote:

Originally Posted by becky

I heard a few days ago that they were losing their US merchant account but this is not entirely the truth. Yes they are not processing transactions at a US bank at the moment. They've been working on a new US account for the last 6 months. I believe they are sending the transactions through their EU solution for now while they finish up integration with the new US bank.

Are they the only processor in the ARS cascade?
I think Visa has a term for this too. US companies using an EU solution as a processor.

spazlabz · 2007-04-05, 12:13 PM

Quote:

Originally Posted by GonZo

Are they the only processor in the ARS cascade?
I think Visa has a term for this too. US companies using an EU solution as a processor.

its called cross border acquiring I believe

spaz

Nad · 2007-04-05, 06:18 PM

I want to just clarify the misconceptions that 365BillingUS 'LOST' or got the account 'SHUT DOWN'....

*** 365Billing US Statement ***
Due to changes with the 365Billing US merchant relationship, the business decision has been made to discontinue our 365Billing US IPSP business ONLY.

***This does not affect our EU 365Billing IPSP (3rd Party Billing) business in any way.***

Over the past year, our focus has been more on obtaining direct merchant accounts for our US clients, rather than a US based 3rd Party solution. With our clients utilizing their own Merchant Accounts, they have more control over their business, and all the benefits they receive from 3rd Party Billing, i.e.. Fraud control, Velocity Checks, Customer Service, and more. The current trend of webmasters wanting their Merchant Accounts has increased significantly. We will continue these efforts to provide our clients with the best processing solutions possible.

Jeff Foster, CEO of 365Billing US, will be handling the money and the payouts for all US based 365 Clients. Each US Client has been, or will be contacted individually, but please feel free to contact us direct at 954.379.1200 anytime.
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2007-04-05, 06:18 PM	#4
Nad Rock stars ... is there anything they don't know? Join Date: Dec 2004 Location: Florida Posts: 19	365 Billing I want to just clarify the misconceptions that 365BillingUS 'LOST' or got the account 'SHUT DOWN'.... * 365Billing US Statement * Due to changes with the 365Billing US merchant relationship, the business decision has been made to discontinue our 365Billing US IPSP business ONLY. *This does not affect our EU 365Billing IPSP (3rd Party Billing) business in any way.* Over the past year, our focus has been more on obtaining direct merchant accounts for our US clients, rather than a US based 3rd Party solution. With our clients utilizing their own Merchant Accounts, they have more control over their business, and all the benefits they receive from 3rd Party Billing, i.e.. Fraud control, Velocity Checks, Customer Service, and more. The current trend of webmasters wanting their Merchant Accounts has increased significantly. We will continue these efforts to provide our clients with the best processing solutions possible. Jeff Foster, CEO of 365Billing US, will be handling the money and the payouts for all US based 365 Clients. Each US Client has been, or will be contacted individually, but please feel free to contact us direct at 954.379.1200 anytime. ----------------------------------------- __________________ Racecar spelled backwards is racecaR! ICQ: 202740086

2007-04-05, 11:02 AM	#1
becky Just because I don't care doesn't mean I don't understand! Join Date: Apr 2004 Posts: 91	I heard a few days ago that they were losing their US merchant account but this is not entirely the truth. Yes they are not processing transactions at a US bank at the moment. They've been working on a new US account for the last 6 months. I believe they are sending the transactions through their EU solution for now while they finish up integration with the new US bank.