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Question about PayNet Merchant ServicesFrom: DeWayne A. Chapman Date: Tuesday, April 3, 2001
Time: 9:11:29 amI am setting up an account with PayNet to accept credit card transactions.
I was notified today the my account was in a pending state due to the fact
that I am offering options for customers to pay for 3 months, 6 months or 12
months in advance. They tell me that I can only accept credit cards for the
monthly customers and not the ones who want the above options.
Is anyone else offering options similar to the above and accepting credit
cards for them through PayNet/VeriSign? They tell me inorder to do this I
have to give a letter of credit.
Thanks for the help.
DeWayne A. Chapman
dchapman@shsinc.org
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