As you may know, both Visa and Mastercard have implemented very stringent rules for adult related credit card processors based on the huge increases in fraudulent activity involving credit cards, especially with regard to internet/surfer usage for various goods and services. Excessive chargebacks and credits can cost a credit card processor large sums of money in penalties and fines (which are passed on to the various webmaster programs who use the credit card processor). At worst, it can cost a processor its merchant account; and a processor can lose the ability to process credit card transactions.
One of our credit card processors flagged this account for irregular activity. Upon review of your account?s activity since Jan. 2003, it was noted that an abnormal number of signups referred through your webmaster account have been credited or charged back. We have been informed by the credit card processor that they will not be accepting further referrals from this account. Because of this, we have been forced to close this account. We will be sending you 1 check for $120 as final payment (this includes $30 for a signup in payout period 7/13-7/20; none have booked since). Please remove all links from your websites that direct traffic to S.I.C. Cash before July 27, 2003 (the end of the next payout period), as any future signups will not be paid (of course, any signups occurring between this email notice and July 27, 2003, that clear fraud review will be paid). If you have any questions regarding these actions or want to discuss this further, please contact your rep at
[email protected].
Helen Hutchinson
Accounting
Shaw Internet Consultants