> There's a lot of incorrect information being tossed about here -- but > that's understandable because it's a seemingly complicated subject that > no one ever seems to explain well enough. That's why I created this page > on our site:
You replied to my message, so I assume you're referring to my posts? > http://www.productivityenhancement.com/services/HowMerchantAccountsReallyW > ork.cfm I came across this page in my research a couple months ago. It's very useful. Thank you. > which still doesn't explain how some parties are comglomerated, what fees > may be involved, etc. I'll try to expand on this in the coming weeks. > > I invite you to read the page I mentioned above, and understand that as > long as you are using an Internet gateway that you will always be working > through each of the parties I show in that diagram. It's just that some > companies may provide more than one service, or may do so through a > strategic relationship with another company (like a payment processing > company affiliated with an acquiring bank), so you may not think you're > dealing with an acquiring bank because "our merchant account handles all > that," but there is no such valid statement like that to be made. Isn't that what I just said, albeit with more qualifications? > For example, I know of one company that provides everything you see in > that diagram under one roof, but that may not necessarily mean they have > the best fees or that their fees are any less complicated. Again, I think this is the argument I was making. > In fact, many times the companies you deal with are just fronts for the > same few companies on the back end. Like your company, correct? Which is not necessarily a bad thing. Sometimes, the easiest solution is the best solution. It would be really helpful if you would post actual information rather than making specious accusations that allude to your proprietary insight. It would also be helpful if you qualified your comments in some way (e.g. are you stating that this is the case globally or just in the United States?). Ben Rogers http://www.c4.net v.508.240.0051 f.508.240.0057 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Logware (www.logware.us): a new and convenient web-based time tracking application. Start tracking and documenting hours spent on a project or with a client with Logware today. Try it for free with a 15 day trial account. http://www.houseoffusion.com/banners/view.cfm?bannerid=67 Message: http://www.houseoffusion.com/lists.cfm/link=i:4:195502 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/4 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:4 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.4 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
