Quote:
Originally Posted by rabbit
can anyone confirm this? how will this affect the market since the 2% has been the norm for so long? i'm sure we'll see more scrubbing on behalf of third party billers, but hopefully some good can come out of this- namely the nail in the coffin to all the shady operators still out there...
|
It's been discussed here before when the third party billers informed their clients about it.
Visa US was always 1%, it only affects EU merchants
The 1% only counts if you have over a 100 Chargebacks. If you have 20 Chargebacks and are at 1.5% it's not an issue. So if you have 100 Chargebacks at 1% that means you must do 10,000 transactions in a month. Eg 333 transactions a day (sales + upgrades/rebills).
So it only affects the bigger companies that process in EU, who all knew about this for months and I'm sure they all have been working on solutions (like getting more MIDS) with their processors/acquirers.