Quote:
Originally Posted by PR_Dave
Most have lost their merchant accounts or the companies they were cross selling lost their merchant accounts.
The banks that were issuing the adult merchant accounts are seldom allowing new accounts to be created.
Also the real killer, chargeback VISA ratio is now at 1.5% from 2% for offshore accounts. It is anticipated that it will drop to 1%.
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Quoted for truth.
Third party processors like Epoch, Commercegate, CCBill, Segpay, etc. most likely are picking up a LOT of business right now.