Miditech has made a change to it’s payment methods for MONTHLY Billing Terms on MDR-1 and HSRP reseller plans:
Credit Card Merchants are getting tough on non signature transactions. They are basically forcing on businesses to move to a gateway. However, many gateways are not inexpensive, especialliy when Miditech has had no chargebacks since 1996 when our company started.. an extremely good track record. Yet they want us to switch to a gateway - their gateway. Doing so will incur higher costs for transactions and so Miditech has decided to use PayPal as our gateway provider.
There is also a need for more payment methods and using paypal as our gateway allows customers to pay the way they want. Also we can accept credit card payments via the paypal gateway, even if you do not have a paypal account. Customers/resellers do not need to be paypal members to pay us through the paypal gateway. The paypal gateway offers great security and is a firmly established business for transcations. In fact, PayPal is owned by Ebay.
Most resellers want to be setup with automatic renewals using their credit card. Miditech can still do this BUT (there is always a but right?) we need specific information regarding your credit card. We have already begun to contact resellers to obtain the needed info.
A side effect of using paypal though is that it will take 5-7 business days before Miditech will have access to the payments made. And we know that in business monthly cash flow is important. We have monthly costs to pay out as well as a business.
So we will be making a policy change effective July 24th:
MDR-1 and HSRP-1 plans with a MONTHLY billing term, with renewal dates between…
…..the 1st and the 14th of the month, will have their renewal date changed to the 1st of the month. We will automatically renew your account prior to the renewal date in an ongoing basis for those with automatic credit card renewal. (15th-31st of previous month)
…..the 15th and the 31th of the month, will have their renewal date changed to the 15th of the month. We will automatically renew your account prior to the renewal date in an ongoing basis for those with automatic credit card renewal. (1st-15th of current month)
This allows for the week delay that using the paypal gateway will cause and also help lower our costs.
If you have any question on this new policy, please contact billing.
Miditech.com Billing