ultraname
08-19-2002, 02:48 AM
Do you know any Authorize.net merchant providers that allow us to charge clients yearly fee? Thanks :)
 | View Full Version : Merchant Accounts that allow Yearly Payment geografx 08-19-2002, 08:51 PM just to clarify: you want to charge your Clients fees on an annual basis or you want to pay Authorize.net on an annual basis?? Barbara Amir 08-20-2002, 07:29 AM Originally posted by ultraname Do you know any Authorize.net merchant providers that allow us to charge clients yearly fee? Thanks :) Hello, I do believe that most of merchant account providers has got the option that you can charge your clients on annually basis. We've been with Revecom.com for almost a year, and providing us with very powerful features. Also you can charge your clients on annually basis. Skeptical 08-20-2002, 07:41 AM Revecom is not a true merchant account provider... and frankly with all of the accounting and billing errors (in their favor might I add) I've run into with them, I would never ever recommend anyone to them. Incognito 08-20-2002, 01:04 PM Frankly, most true merchant account providers are not real keen on hosts in general and even less so on the idea of annual fees. Most agreements limit to services to be performed within the next 30 days. I know there are some that allow annual charges (don't have names), but even with them, it generally comes back to haunt you. Skeptical 08-22-2002, 10:22 AM So how can a host do annual plans or sell domain names that renew once a year then? Are there merchant providers that do offer this? Lurleene 08-22-2002, 12:00 PM Domains are usually acceptable. They are considered to be a one-time purchase. David@Digisurge 08-22-2002, 01:08 PM You can also work up a realtionship with your merchant account provider. After a year or so ask them about annual billing. If you have had little/no problems in the past they may allow it. geografx 08-26-2002, 04:26 PM The way it was explained to me is that the merchant processor assumes liability for 6 months after transactions have occurred. therefore if an ISP goes out of business within that time frame the merchant processer is on the hook for any chargebacks not assumed by the ISP. Now that it's been explained i do understand the reasoning - i just think its unfortunate as about 1/3 of my clients prefer to pay on an annual basis. - the flip side to this is that most of my fraudulant charges are done for annual charges for my higher level packages and then i end up eating it. acceptable charges normally include monthly and quarterly fees as well as of course domain names. Barbara |