2005 - 09-27-05

On August 30,
I launched a new business {website URL was here}
and lined up some seriously big affiliate
partners for the initial launch. Sales took off
like mad. My merchant account provider did not
like this one bit, and held my funds pending
further investigation. Apparently $90k in sales
in about 5 days by a 24 year old with marginal
credit scared the crap out of them.

I was jerked
around by various incompetent morons for days
while my insanely profitable business was
withering, unable to accept payments.
Eventually, they notified me that they did not
want to do business with me and would be closing
my account, and holding my money for 9 months.

The reason:
"They do not support my 'business type.'"

In a desparate
move I switched over to Paypal, but they killed
me after only about another $20k in orders.

I actually now
have my Paypal account back but I'm afraid to do
any decent volume at all, and I have told all of
my affiliate partners to back off. (A great
message to send - "Hey, don't make us money!
Stop it!")

For the past
three weeks I have been talking to countless
people who supposedly specialize in "high risk"
and "high volume" merchant accounts yet can't
seem to get anything together. US, UK, offshore,
the whole nine yards. I've submitted (quite
literally) hundreds of pages of bullshit forms,
photocopies, paperwork and questionnaires to
various banks and stupid brokers.

This business
can and will do *at least* $500k+ per month in
sales when I have a solid merchant bank to back
it up and I can actually start promoting the
damn thing.

The money
faucet is ready to be turned on, but it's hell
finding someone to process the credit cards. The
whole business and product is totally, 100%,
absolutely legit. I'm selling turnkey websites
at $497 a pop that allow people to make money by
(very ironically) getting people to apply for
credit cards. They get a completely designed
credit card directory website all set up and
ready to go out of the box, and they earn $40 to
$50 for every credit card application that gets
filled out through their site.