Ah ok well said! I was reading this around 5am and just couldn't wrap my brain around it.

So I wonder if Verotel will go under. They are Euro based. I have a few backups , including a real merchant account, so it's not really a concern.

The reason I use Verotel: 1) built in reseller program 2) My rate is 6.9% , so if they go under and I lose my 10% holdbacks.. I end up paying what everyone else does really, so no loss. The normal rate is 7.4% and with my 0.0% chargeback ratio I get an additional 5% off, lowering my rate to 6.9%.