jamesriske
Newbie
- Dec 15, 2016
- 13
- 0
Paypal and Stripe will cancel your recurring membership websites. Had that happen to me. I had Stripe for two years and they cancelled me a few months ago saying that they perform reviews of existing customers and since I was a recurring member site, they cancelled me. They also stored the member's information (as they are gateway and processor) so each member had to sign up again, costing me thousands in lost revenue.
I now use Authorize.net as my gateway and I have TWO merchant accounts. My member cards and info is stored by Authorize.net. If one of the merchant accounts cancels me, I can quickly switch to the other one.
I also have a Paypal account in a phoney name that I can send payment requests from if I need to use it.
Do not use Selz either. They are affliliated with Stripe.
My lesson: Always have backups.
I now use Authorize.net as my gateway and I have TWO merchant accounts. My member cards and info is stored by Authorize.net. If one of the merchant accounts cancels me, I can quickly switch to the other one.
I also have a Paypal account in a phoney name that I can send payment requests from if I need to use it.
Do not use Selz either. They are affliliated with Stripe.
My lesson: Always have backups.