NBS Agents >> Merchant Account Agent and ISO Programs

For example, do online cash advance companies just charge a credit card for cash, pay the transaction fee to the credit card company and charge their own fee to the customer; thus, a cash advance company would take no risk? Then, could a person create a site to do the same and just undercut the margins in this business?

I’m not sure of if you can get a merchant account without a product. What I do know is that my bank’s ATM network is already undercutting YOUR cost for cash advances.

2 Responses

1. whatevit Says:
   September 30th, 2009 at 5:44 am

   As long as the transactions are separate. It will work, but you will not be able to remove any profit without creating a falling house of cards.

   By triggering a withdrawal everything will come to an end before it can continue again.
   References :

2. STEVEN F Says:
   September 30th, 2009 at 6:26 am

   I’m not sure of if you can get a merchant account without a product. What I do know is that my bank’s ATM network is already undercutting YOUR cost for cash advances.
   References :

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