Quote:
Originally Posted by beks001
Mastercards payment facilitation will be going up from 1% to 1.5% in August so CB ratios will be more relaxed? They are increasing the number of CBs allowed as well?
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Yes that is part of it which is a welcome change for once. This is the first time in my 16 years in the industry that chargeback thresholds have been increased in favor of the merchants.
The other part has to do with merchant volume and registration fees for sponsored merchants using payment facilitators (3rd party processors) which goes into effect September 15th. We will send NETbilling merchant newsletters and post here as well.
Thanks, Mitch
__________________
Mitch Farber
CEO - NETbilling, Inc.
Email / Phone: 888-357-8166 / 661-252-2456
Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!