[TheForge] Merchant accounts

James Binnion jbin at well.com
Wed May 31 16:42:27 EDT 2006


On May 31, 2006, at 8:47 AM, Daniel Kretchmar wrote:

> There is another booth called "By my Hand Design" that is at all the
> same events I am at.  They accept credit cards for me and several  
> other
> merchants.  We pay them the credit card service fee and also give them
> consideration when it comes to orders from me to them. If someone  
> wants to pay
> for an item at a event with a card.  I send them over to "By my  
> Hand" with an
> invoice and they come back with a receipt and I hand over the item.  
> It all
> works out even in the end.

That is a violation of their merchant services agreement and could  
cause them to loose their account if their bank ever found out that  
was happening. If there is ever a dispute over the charges that could  
blow up in their face big time.

James Binnion
jbin at well.com





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