Shelleehale your site is screwed up in IE6

[2MuchMark]

Originally Posted by gonzo

They werent checking for show badges. Lie 3.
Tony Morgan was at that party and I know he didnt have a show badge.

A thousand dollar profit. What a nice way to reward your affiliates and licensees.

Tell me the additional 5% hold back on top of the CCBill holdback... do you consider that a reward too?

Gonzo,
In order to get a Bracelet which got you on the bus and then to the party, you needed to be a registered, paid attendee of the Webmaster Access West show. You did not need to wear your badge to the party, but you definately needed to be a registered attendee.

It was not a $1000 profit, it was a $750.00 profit, and I already answered your question in my previous post.

The 5% holdback is a company policy that we have had for years. It helps to protect us from any liabilities that customers using our MBase system may have from affecting us.

As our customers buy and sell from our mbase system, we payout to those customers every 2 weeks, exactly like any other billing company does. The 5% holdback protects us in the event that they have chargebacks, just like CCBill does. If a customer was hit with massive chargebacks and we paid out 100% to them, we would be in trouble and have a hard time recovering that money.

If the concept of holdbacks / chargebacks is alien to you Gonzo, there are plenty of billing companies with similar practices out there. Do some research.

Mark Prince

[gonzo]

Originally Posted by 2MuchMark

Gonzo,
In order to get a Bracelet which got you on the bus and then to the party, you needed to be a registered, paid attendee of the Webmaster Access West show. You did not need to wear your badge to the party, but you definately needed to be a registered attendee.

It was not a $1000 profit, it was a $750.00 profit, and I already answered your question in my previous post.

The 5% holdback is a company policy that we have had for years. It helps to protect us from any liabilities that customers using our MBase system may have from affecting us.

As our customers buy and sell from our mbase system, we payout to those customers every 2 weeks, exactly like any other billing company does. The 5% holdback protects us in the event that they have chargebacks, just like CCBill does. If a customer was hit with massive chargebacks and we paid out 100% to them, we would be in trouble and have a hard time recovering that money.

If the concept of holdbacks / chargebacks is alien to you Gonzo, there are plenty of billing companies with similar practices out there. Do some research.

Mark Prince

I guess Tony Morgan was beamed in from outer space.

My ccbill account pays out direct to the affiliates.
You must have a new type that allows you to get an extra 5% off the top.

Or are you a billing company too now?

[2MuchMark]

Originally Posted by gonzo

I guess Tony Morgan was beamed in from outer space.

My ccbill account pays out direct to the affiliates.
You must have a new type that allows you to get an extra 5% off the top.

Or are you a billing company too now?

I don't know who Tony Morgan is, and I can't speak for him or say if he had his badge or not, sorry.

No, we are not quite a billing company, but:

Each of our customers can sell and buy streams from each other when they share their streams with the common "pool", called Mbase. It is a way of populating sites with video chat streams and working together instead of competing against each other.

What 2Much does is gurantee that each client gets paid on time for any streams they sell to mbase. We guarantee it because we are the ones making the actual payment.

2Much takes a risk in doing this because it means that we have to collect on the customers who are doing the buying. How do we make sure that we get paid?

2 Ways. First, all new customers have to keep funds on account. Once we have established a healthy work relationship, credit may be possible, but we do so very carefully.

Next, as we payout to each customer who sells their streams to us, we impose a 5% holdback which, just like a billing company, is properly accounted for and paid out as a "returning holdback" 6 months later. All of this is carefully documented and includes detail as a part of our accounting system that we wrote as a part of the entire LiveCamNetwork 2.0 system.

I hope this answers your question.

Mark Prince
http://www.2Much.net

[gonzo]

Originally Posted by 2MuchMark

I don't know who Tony Morgan is, and I can't speak for him or say if he had his badge or not, sorry.

No, we are not quite a billing company, but:

Each of our customers can sell and buy streams from each other when they share their streams with the common "pool", called Mbase. It is a way of populating sites with video chat streams and working together instead of competing against each other.

What 2Much does is gurantee that each client gets paid on time for any streams they sell to mbase. We guarantee it because we are the ones making the actual payment.

2Much takes a risk in doing this because it means that we have to collect on the customers who are doing the buying. How do we make sure that we get paid?

2 Ways. First, all new customers have to keep funds on account. Once we have established a healthy work relationship, credit may be possible, but we do so very carefully.

Next, as we payout to each customer who sells their streams to us, we impose a 5% holdback which, just like a billing company, is properly accounted for and paid out as a "returning holdback" 6 months later. All of this is carefully documented and includes detail as a part of our accounting system that we wrote as a part of the entire LiveCamNetwork 2.0 system.

I hope this answers your question.

Mark Prince
http://www.2Much.net

So cliff notes is... we scam an extra 5% on top of CCBill hold back and 17.5% processing fee.

Shit that doesnt leave much profit does it?

Guess that extra 5% is needed to "float".

[2MuchMark]

Originally Posted by gonzo

So cliff notes is... we scam an extra 5% on top of CCBill hold back and 17.5% processing fee.

Shit that doesnt leave much profit does it?

Guess that extra 5% is needed to "float".

No Gonzo, you are wrong again.

First CCBill charges us only 10.5%, not 17%.

Customers who have CCBill accounts are paid directly by ccbill, minus whatever per-transaction rate CCBill choses to charge them (usually its 14.5% I think). And as is industry standard, CCBill holds back 5%, and returns it 6 months later. Paycom, I think, has a 10% holdback but I'm not sure.

When 2Much pays out to its customers we also have a 5% holdback, and payout this 5% 6 months later. Again, industry standard.

I hope this clears it up for you.

Mark Prince
http://www.2Much.net