When MLM expert Bill Keep penned a letter to Warren Buffett about the differentiation of MLM companies and “pyramid schemes”, he wanted a reply. Of course, he has not gotten one. However, this conversation can make merchants weary about their own companies and ventures, as MLM’s and “pyramid schemes” sometimes mirror each other.
While home sale companies are huge, they are known as “pyramid schemes”, due to their trickle down moneymaking schedule. Herbalife learned this the hard way earlier in, as indictments were handed down to its fraudulent owners. One that is getting a lot of attention – for good reasons – is Pampered Chef, which is on the New York Stock Exchange, and was the basis of Keep’s article to Buffett. Pampered Chef operated the same way as many other companies in its realm, but the fact that it is successful enough to be offered on the NYE brings hope to many that these are not just scams, but legit opportunities.
Even though they are legit, finding a merchant account provider to process payments can be tricky. This is because they have a reputation of being not so legitimate. While tricky, it is possible to locate a MLM merchant account. One of the best options is EMB. eMerchantBroker.com is one of the top-rated MLM merchant account processors in the United States. While other may jack-up rates, EMB does not. EMB also offers chargeback insurance, in an effort to kept curb chargeback fees if they occur. If you have ever suffered a chargeback fee, you know the damage that one can do to your company’s finances. While others pay promise to keep your rates low, they tend to raise them once a fraudulent charge occurs. Not with EMB. We understand that these things happen, and we will help you get through them.