Quote:
Originally Posted by gleem
well if it's Visa denying signups, us sponsors with merch account would see a higher decline rate.... which in fact began happening around christmas time this past year, but it has been steady since. but I know it has more to do with people maxing out their cards and credit card companies slashing their customers credit lines, I had one card for 12 years and they cut my credit line from $22,000 to $300 with no warning because chase said "you didn't need the credit", which I didn't, but still.
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This is also a factor.. it's all factors. When Visa cuts millions of cards because they might or did get stolen, that kills rebills for us in an instant and new sales until those people get new cards.
Same with they went through and cut credit lines... however I have to say for as crazy of a year as it was last year, I thought this year was kicking total ass.