In the process of setting up a new internet based business, CardNet need security of £7,500 either in one lump or as they suggested a revolving payment plan - they take 50% of the value of each of my online transactions and this remains held in an account with them til it reaches £7,500. When this happens I will get the full amount (minus charges) of each transaction, they hold this for a year as security in case my business fails and customers need refunds.
Does anyone have any experience of this? Comments would be gratefully received!
Does anyone have any experience of this? Comments would be gratefully received!
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