> Date: Sat, 12 Sep 1998 05:04:46 +0000
> From: Dave Cinege <dcinege@psychosis.com>
> To: Jim Roland <jim@roland.net>
> Cc: linux-net <linux-net@vger.rutgers.edu>
> Subject: Re: Merchant account (VISA) software
>
> Jim Roland wrote:
> >
> > Part of the reason this is so expensive is that VISA/MC/etc want
> > extremely tough $ requirements passed in order to allow transfers to and > from their systems.
>
> Fuck them. I will work around it.
It's the way they work. Quicken (Intuit) also has the similar
requirements if a bank wants to be able to provide online banking. Both
are trying to protect against this little thing called fraud. The Federal
Reserve has been doing this for years, and has had no problems. When you
are dealing with money, you have to go with the flow. It's the way a
certain industry works, and if you want to get into the edge of it, you
need to learn how they work and work within their rules/policies. It's
not realistic to expect them to conform to you.
> > of merchant account places (computer and non-computer), and they all came
> > back with the same answer. It is easier and faster to get things done by
> > obtaining software.
>
> Phooey! It would have been easier and faster for me to have moved to windows
> years ago. Today I can hold my head high as one of the few and proud that has
> NEVER run win 95. Pricipal is important. (It also has something to do with I
> don't have the money to spend. : P)
Where did windows come into this?? All I'm saying is that it's easier to
use the linux software these guys provide to you rather than reinvent the
wheel. The minor little $0.25 per transaction they charge is small
compared to the return on investment you will enjoy by providing online
credit card transactions. It's like paying a 25 cent toll to go a certain
route to work in the morning and afternooon. Sure it's annoying to pay a
quarter in toll, but if it saves extra time and (example) $1.00 in
gasoline, you're saving $.75 every day. Sure, it's little amounts, but
they add up.
If you're not going to be doing high volume transactions, it may pay off
to just get yourself one of those little card terminals where you can key
in the information manually the next day, and send the person a receipt
via email. When I ordered All Clear 2000 for Y2K Testing (a computer
consultant company, small one, in Australia), that's what he did. I put
in my information on his website, and he snailmailed me a recepit in
Australian Dollars, along with some nice stickers. :)
If you do locate the protocols and write something that will be accepted
by the card people, let all of us know. For me, yes, webcash/cybercash
prices (setup, etc) are too high. If they would only charge something
higher for a transaction (like $.75 instead of $.25) in leiu of a setup
fee, I would be happy to do that, but my business does not have that kind
of $ to setup something with them, and I don't do enough credit card
business to justify $500-$750 in setup fees.
Good luck.
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>
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