Quote:
Originally posted by Mr.Fiction
The company's iBill operations suffered a large loss of merchant customers after a new credit-card association rule took effect in mid-November, the CEO said.
A number of iBill's web merchants declined to pay a registration fee mandated by the new rule, resulting not only in reduced revenue from InterCept's portion of the registration fee but also lost transaction processing fees from the departed merchants, Mr. Collins said.
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From what I know, they TOOK $750 from EVERYONE who registered, Even those that hit the link that said .... I DO NOT WANT TO BE BILLED.
They even billed a webmaster I know who only had 10 rebills. They told him if he had even ONE rebill in the system he would have to pay the $750.