Hi Gautam
Why not use a payment processor such as esellerate or fastspring -- I know that Esellerate does subscription payments. I have just heard of too many people get burned by paypal. Scott ________________________________ Scott Morrison <[email protected]> Revolutionary plug-ins for OS X Mail.app http://www.indev.ca/ On 2010-08-05, at 4:01 PM, Gautam Godse wrote: > Oh no. They asked for all our personal bank account info as well. In fact, > they will also do a site survey - that is, they will send a underwriter to > your office or house to verify this is a real business and real people.. > > Seems to me, it might be easier to use Paypal to accept credit card > payments.. > Will be definitely checking with our lawyer.. > thanks for the feedback.. > -- > gautam > > On Aug 5, 2010, at 12:30 PM, Tom M. Blenko wrote: > >> >> Yeah, check with the lawyer. Because some of what is said below is >> wrong in the US, a corporation (much less a business registration) by >> no means provides iron-clad protection of your personal assets. >> >> You've got a small business. Merchant accounts are very good >> candidates for abuse. The issuer is usually just a marketeer acting >> as a front end for the processor. They're at risk for your behavior >> and that's why you'll find lots of different policies for fees, >> crediting you with proceeds of transactions, and checking your bona >> fide's. I'm not at all surprised that they want you to guarantee your >> small company (which is worth nothing to them), I'm more surprised >> that they aren't asking for your bank account numbers and lots of >> additional personal data to make it clear (to you) that you won't be >> able to process a bunch of fraudulent transactions, collect the >> proceeds, and then vanish into the night. >> >> Tom >> >> On Aug 5, 2010, at 12:11 PM, Rafael Bugajewski wrote: >> >>> Hi Gautam, >>> >>> the best thing to do in your case is to contact a lawyer. Such >>> clauses can have different meanings and effects in different >>> countries. >>> >>> In a lot of countries it also depends on the type of business you >>> have registered. Even if they have such a clause, but you >>> registered a business where you take no personal liability, they >>> cannot demand the money / assets. >>> >>> Once again: the best thing you should do in this >>> situìn^T)-À)IiÝ*ÛYX°VÿêPê`¤Ô ¶¶ ·¸¦ì >>> þë=kðørQie´ç<ÕEË£ãq+³ ¸m$ÃÕg Ùv}½÷UØ°IÊ&ÒéÚ >>> ¿,F¶dr»ªÝ5cwäÆ ð;<¬úíÀºÄÕÓnfË®ã¨sÝ\ªrpÑ0ÇvÛ2...@8׿r"Yõ [·=Yszôî¾!)ì´(o#^EBÔ;¨Ø¯·P,*é'Ó=ßÂø¹HÛM`*¹íúS3|Æã L ÀTéÎà³6[U 'hR^hëB?Ûµ;¢ªÐÌ B ¥gí$CÈ[ñ~z#rÙỾvkU?O§;÷w]s´M©\öø¼¾È*Ô|;PçD[H©®îíÐ*ã»ë¶¥ \Þ'íȪcö4W%Ñô²µêW.µÓóºPöCh&xryàÝÇ2...@ß*goö}{|þï¨,Ë ÏÉsÍ¥sJwf çIâ_èÂø¶óáÖú¬Yþ éVQ\O÷°·¦ ?B¦óV£ò+ûØÿnÀý ðDdQÞ¦S_ax$4Í*»ñ+Ý !$m\s[AI+òF;Oï bç¸-Iàfh{-[YâFÍrMZîjhuLQWxW4²aݹ¡ 7Ì8¸^óZaVEÐ/fß6pçßý£Ð4ýÐô?\×5û|>oé -Â{²HmÇuTY XìëÞÆè/A`%oVê*aëõúò6KÖM³Ç½ÓîÏßx!òÃ0ø°-Óõõ´Û³¤Ïvü áWTÓ1ÁË$udZÃT÷ kV¢íV qTBoØ#g=²}½5? \O.<ù¾jsìÞbvì~û¬W¬¢òZLóabæk')d...@Ðó0p{ø¬ah\v¦7¹§zmtÓö¥&3ÀAaÁ«ö3kÀ{ªö ÌH(^g«oìe gÇPg ¢.ñ[í× that essential states that if >>>> the corp (gingerCube Inc) goes under, then the merchant can come >>>> after our personal assets for any outstanding payments that they >>>> are owed. >>>> >>>> Is this a standard clause ? Do most merchants require this ? >>>> >>>> And is there a better alternative for what we are trying to achieve ? >>>> >>>> Thanks for your help! >>>> --- >>>> Gautam Godse >>>> MacMessiah.com >>>> >>>> >>>> >>>> ------------------------------------ >>>> >>>> MacSB email guidelines: http://tinyurl.com/2g55d6 >>>> Use MacSB-Talk for off topic messages: http://groups.google.com/ >>>> group/macsb-talk >>>> Yahoo! Groups Links >>>> >>>> >>>> >>> >>> >>> ------------------------------------ >>> >>> MacSB email guidelines: http://tinyurl.com/2g55d6 >>> Use MacSB-Talk for off topic messages: http://groups.google.com/ >>> group/macsb-talk >>> Yahoo! Groups Links >>> >>> >>> >> >> > > > > [Non-text portions of this message have been removed] > > > > ------------------------------------ > > MacSB email guidelines: http://tinyurl.com/2g55d6 > Use MacSB-Talk for off topic messages: > http://groups.google.com/group/macsb-talk > Yahoo! Groups Links > > > [Non-text portions of this message have been removed]
