Thread: 2checkout
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  Post #15 (permalink)   05-29-2006, 05:09 PM
Corey Bryant
HD Newbie
 
Join Date: Mar 2005
Posts: 40

Status: Corey Bryant is offline
Quote:
Originally Posted by ehjay
Why does 2CO need to charge a signup fee anyway...
Because if the merchant does something that is not legal, and 2CO is unable to recoup fees, then they have a little money.

It is just like Global Payments required a reserver for one of its clients because the merchant was processing way too much. That merchant processed about $86 million, while Global withheld $47.6 million, but around the end of March, that reserve was reduced to $24.1 million.
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Corey
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