I took a look at their website. First thing that hit me was there is
NO contact info. I dunno, I like to have a human to scream at when
things go horribly wrong.
Their discount rates are pretty high. Nearly 4% for amex. did you
know you can sign up directly with amex through a regular card
processor? I like under 3% a whole bunch better. Since amex tends to
be higher ticket that extra percentage adds up over a year. And the
Visa/MC rates are nearly double what I’m paying.
The only reason I can see to sign up with propay is the credit check
and the retail location requirement. “Aha, but!” he says. “here’s
your way around that”.
First time merchants run into the credit rating excuse. The
processors claim they have to run a check and they limit your
transaction amounts. (translates to "we’re gonna overcharge you cuz
we think you’re dumb) So… sign up with anyone that will accept
you(shop around they are out there), live with their restriction for
just a few months.(obviously don’t sign if there is an ‘exit
penalty’). (maybe propay will work as a stepping stone too) Then
simply sign up with the processor that has everything you want. Now
you’ve got a track record and they will often bypass the credit check
and other hoops on fire.
One processor I contacted wanted 3 years of personal finances,
taxes, photos, lien on my children just about and charged 2.7 or so
on V/MC. The next I spoke with had me up and running in 3 days with a
very simple application and gave me a state of the art machine for
free and a pretty low discount rate.
And I can talk to a person (no I don’t really scream at people) when
there’s a problem.