Quote:
Originally posted by nevermind
This is really interesting to me because when my husband got into the interent biz years ago, there was much debate about whether third party processing was allowed since third party processors were not the actual operating merchants.
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This was a topic last year, when both MC and Visa required many changes on the part of the what are now called IPSPs, along with registering merchants and sponsoring merchjants and collecting fees etc.
Notice that Mastercard didn't play that game since they can't follow big brother Visa everywhere without landing in court.
Wonder how they calculate what to fine the big IPSPs... based on number of transactions I would guess they are getting a fee somewhere in the neighborhood of what Visa did... only in a different way.