I'm currently on Beanstream with terms that were acceptable at the time (hard to get a Merchant Account) but are now completely unacceptable and am interested in a switch.
- 5% 6 month rolling reserve //
- 2 week + 5 day lag settlements //
- 2.8% blended + monthly fees.
Am I crazy to not switch, or should I present this to Beanstream and get better terms? Other than my terms, I have nothing but ecstatically positive things to say about BS.
Note: my terms are like so because of the nature of my business model. It is high risk, like a TPPA (third party payment aggregator). Think: Eventbrite.
Appreciate the feedback.
I say "High Risk" because that is how it was evaluated at the time. We have had our Beanstream account for over 6 months with zero chargebacks, a 100% clean record. If a Stripe rep appears here and makes an offer - jeff@goodnights.me - you have my business.
- 5% 6 month rolling reserve //
- 2 week + 5 day lag settlements //
- 2.8% blended + monthly fees.
Am I crazy to not switch, or should I present this to Beanstream and get better terms? Other than my terms, I have nothing but ecstatically positive things to say about BS.
Note: my terms are like so because of the nature of my business model. It is high risk, like a TPPA (third party payment aggregator). Think: Eventbrite. Appreciate the feedback.