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Old 07-14-2003, 03:21 AM  
fantasyman
Let's do some business together
 
Join Date: Dec 2001
Posts: 973
RE: FTC posts

In March 1999 the FTC investigated CE, which is now 4 years ago. They found that our processor DMR was charging our free trials and issuing credits to those who cancelled. At that time we found ourselves that DMR's system could not technically handle free trials properly and they never told us. CE stopped processing with DMR in April 1999.

In April 1999 CE developed their own sign up engine to accomodate pre-auths which are necessary to handle free trials correctly.

Yes, you can read what the FTC alleged and it looks damaging. But if you read what the final decree was, you would see that there was no wrong doing found.

The FTC never judicially filed against CE, CE didn't have 'any' fine, CE didn't pay any redress, CE never had to post a bond. The final ruling was an admininstrative decree by unamimous vote of the FTC's own board members. Didn't see that posted anywhere and it's in the same documents that were paraphrased above.

Since April 1999, CE has handled all free trials and cross sales by the guidelines set down by the FTC and continues to do so. So to blame CE for any of the current Visa, MC, Processor or Paysite owners changes is ludicrous.

CE has never, and will never, participate in 'Multiple Cross Sales' because it is absoutely a formula for failure regarding the chargebacks.

I never said Bosshawg was the single cause of this whole problem. The type of cross selling he was doing was being done by just about everyone that was processing with his processor. The processor is not to blame if Paysite owners abuse the marketing tools they supplied to them.

It's 3:14 am - got back from Vagas tonite, leaving for Cabo with the family in 3 hours and will be gone until next Sunday - so if I don't post any more replies, I'll do so upon my return.

I do have DSL in the condo in Cabo so I'll try to keep up

peace out!

ps

xxweekxx I'll never be "OWNED" by anyone, so Go Fuck Yourself!!
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