This is a long ass thread... and I admit I've only skimmed, but here's a question (That may have been answered already).
>>> Are these rules (the 1% CB allowances & credits being counted as chargebacks) ONLY being handed down to Paycom currently - and not the other IPSP's?.
Because to me it sure would make sense that Paycom is the first to get kicked in the teeth by the credit card companies due to their aggressive cross-site join pages.
Having a surfer sign up to 3 sites at once, dick in hand (not in the "reading" mood if you know what I mean) signing up for something saying "2.99!!" or "FREE" everywhere only to be charged over $120 for multiple site memberships a few days later..... big shocker that this results in fines in the millions of dollars months down the road?
But hell yeah, if someone were trying to fine & penalize me (err should I say
my Corporation) for over a million bucks... I might just have to give that million to an attorney and fight it tooth and nail instead
If I win cool - fuckem' for trying to fine millions of dollars anyway
. But If I lose... well hey, at least I stood up against them.. and I am a Corporation after all
If the case was lost (and the fees needed to be paid) would I still stick around?
I guess another big question is has Paycom
already paid the fees? (I dunno) Or does this lawsuit postpone the payment of them until a decision is made?
I always thought Paycom/Epoch was a kickass processor until they rolled out that triple-whammy cross-site join page. That just seemed like... like not a move that a company that wanted to stick around long would consider doing
But hey what do I know, I process probably 1/10,000th of what epoch does. Maybe the cross-site stuff wasn't a big deal. But I would imagine they have the highest % of credits being issued for all IPSP's.
Having to keep CB's at < 1% & having credits counted as CB's would be
rough, but I think it would be
impossible with that cross-site model.