4 ms·

How would segregated accounts help? Square's 0.1% loss rate would never be grounds for a shut down. Do you have any idea what you're talking about?

• jacquesm 11y ago
  Yes, I have an idea what I'm talking about. I followed the shut-down of Dacotah Marketing and Research and iBill from 'row #1' (as a mid-sized merchant with an inside line into the company about what was going on) and the main problem was that amongst the 1000's of good merchants there were a few bad ones. VISA warned them once, fined them the second time and shut them down the third. In both cases I lost a ton of money and I am definitely not the only party that did so. Since then I have my own merchant account and never a problem since. What is the main difference between 2015 and 2004?
  • jasonlotito 11y ago
    > Yes, I have an idea what I'm talking about. > I followed the shut-down of Dacotah Marketing and Research and iBill from 'row #1' (as a mid-sized merchant with an inside line into the company about what was going on) To be fair, that's still as an outsider for one particular incident. Has someone who was basically on stage to your "row #1" for other companies, you are missing a few pieces. Maybe not in that case, but the idea that segregated accounts is some magical pill for someone in the IPSP space isn't entirely true. And if Visa was involved, it wouldn't do anything.