Hi,<\/p>\n
I have a word of caution for you, This is in tune with my personal motto in regards to the less then honorable payment processing industry. “I’m not your enemy I’m your advocate!”<\/p>\n
Last year Amex rolled out a new program that pays residuals to cc processors called “One Point” The old and preferred setup you should be on is called “AXP Direct.” AXP direct does not pay residual income to processors but is far more advantageous to you the merchant. It sounds good as the processor tells you “now all of your Amex will be on your MC\/Visa statement and you won’t have to wait an extra day for your money as it will be batched along with your MC\/Visa funds! Canal water! While true I would never put a merchant on One Point as it would be a disservice.<\/p>\n
What they don’t tell you is that<\/p>\n
-now your daily & monthly Amex transactions will be counted towards your volume limits. There are no concrete limits with Amex Direct as they hold both sides of the transaction so they have the best knowledge as to the cardholder being good for the charge.
\n-if you get a chargeback you will have to fight the chargeback though your MC\/Visa processor’s chargeback department. Even if they have a great and conscientious chargeback department (rare) you are still better having Amex deal with your chargebacks because they usually decide in favor of the merchant unless you are clearly in the wrong.<\/p>\n
Again I stress make sure you are not on “One Point.” If you have any doubts contact me and I will assist you.<\/p>\n
—
\nBill Hoidas
\nConsultant Manager Larger B2B\/MOTO\/Internet Accounts
\nProduct Development Manager
\nMatrix Payment Systems
\n(847) 381-3482 office
\n(847) 381-4289 fax
\nhttp:\/\/paymentconsulting.net\/
\nhttp:\/\/chicago.citysearch.com\/review\/44659273
\nhttp:\/\/paymentconsulting.net\/funding.html
\nJOHN 3:16 For God so loved the world, that he gave his only begotten Son,
\nthat whosoever believeth in him should not perish, but have everlasting
\nlife.
\nThese days we are facing an economic crisis and need to prepare ourselves
\nmore effectively for the recovery – to discover opportunities, identify
\npotential partners looking for opportunities, looking for a reason to hope.
\nNow it’s a good idea to ask: how could my product\/service provide
\nopportunities in today’s economic climate?<\/p>\n","protected":false},"excerpt":{"rendered":"
Hi, I have a word of caution for you, This is in tune with my personal motto in regards to the less then honorable payment processing industry. “I’m not your enemy I’m your advocate!” Last year Amex rolled out a new program that pays residuals to cc processors called “One Point” The old and preferred … Continue reading make sure you are on regular Amex and not Amex “One Point” lower limits and much less protection on chargebacks<\/span>