Stop Processing with Third Parties

Should a high volume high risk merchant ever use a third party credit card processor? The short answer is no. The longer answer is absolutely not.
Amazingly, there are merchants that are processing millions of dollars per month using a third party merchant account. These merchants are throwing away money in ridiculously high fees.
Additionally, long settlement times result in the merchant waiting for money. In the meantime, the third party processor sits on the money and collects extra cash from the float.
How silly is it that a merchant would let a third party collect the settlement funds from the bank first? A middleman that dramatically increases the risk that that the merchant will never receive the money.
There are some decent third party processo View the rest of this article