We all know that accepting credit cards is the key to online sales. Unfortunately, most merchants are unaware that acquiring a merchant account can actually save them money. And in many cases, big money!
For this experiment, we will use a fictional character named Bill. Bill owns and operates a great online resources for marketing tools and resources. Bills website is a membership based website, and therefore could potentially be approved for both third party processing and an internet merchant accounts. Bill starts off processing his business with a popular third party processor who offers him the following plan:
Start Up Fee - None
Monthly Fee - None
Transaction Fees - 13.5% (Initial or One Time), 15.0% (Recurring)
Thanks to an alert reader, it appears that JustMusicStore is down (and iSOUND as well!). Whether this is temporary or not isn't known; but since they haven't been accepting payments lately, perhaps they are going to open up shop elsewhere - or maybe this is just a temporary thing.
I'll keep you posted!
Edit: JustMusicStore is back up, folks!
Based on a rating at the bottom of the JustMusicStore review, it appears that payments are down for this site as of June 24th, 2007.
If the status changes, this page will be updated.
EDIT: I suspect that they will have things running again soon, but I haven't heard anything to inidicate when. I'll keep you posted!