Merchant Services Charge-back Horror: Why PayPal is the ONLY way:
photo credit: David Boyle in DC
There are reasons why I had the outrageous gall to re-start my online marketing company without capital: I had done it all before to the tune of millions, didn’t need a physical location, was selling a service with very little hard costs other than our time, and had re-created RISMedia.com (Real Estate Magazine’s website) as a WordPress blog, with links to me and advertising to get leads from Realtors, who spend alot online.
Everything went well at first: we did over $1000,000.00 in the first 18 months and it looked like were back for sure. Our overhead had risen with our growth to $45,000.00 per month. Then this economy hit, and this article is about what happened to our merchant account when that happened.
