Is it true that revecom requires a business account to receive payments from them?

Nope. A personal account is fine.

No, it just requires a stroke of luck that they don't give all your money back to clients you have hosted for a few months who decide to recoup some dollars. Whatever is leftover (minus fees), they'll gladly deposit in any account for you. :-)

Gary

Ooh... Sounds scary :(

Any worthy alternatives?

What do you mean ... they give it back to your customers?

Chris

Chris....scenario....client signs up. Client receives hosting. Say, for 3 months of a 6 monthly plan. 3 months into it, client decides hosting is no longer required. Client files chargeback. Revecom give client back *all* their money. Client is happy.

We're at the mercy of the card companies mate, using third party processors.

Kulman - The only real alternative is your own merchant facility with your own online or offline electronic terminal. Complete with signed contracts and debit authorisations *from* the client. Make it a requirement that these forms are returned signed within a certain time frame, or cancel the hosting. It wont stop the chargebacks, but it will allow the host to directly contest them with the card companies...albeit after losing the funds initially.

It sounds pretty bleak, but that's what it will come to in my opinion. The serious players will require serious clients. Tera-Byte are a shining example. They already require a faxed photocopy of the credit card.

Cheers

Gary

cheers

unfortunatelly a merchant account is out of the question for us at the moment

is it the same story with 2checkout?

Originally posted by Kulman
cheers

unfortunatelly a merchant account is out of the question for us at the moment

is it the same story with 2checkout?

I've never had any problems like the one described above. I've been using RevEcom for quite sometime. I guess it all boils down to your target market, or being lucky...