Quote:
Originally Posted by beaner
I was going to ask when did Visa STOP charging for CCbill clients but thought I got dementia like Joe Biden and waited to see other comments for vindication.
That being said... there is some merit to only having to pay visa fee 1 time per year and MC fee 1 time per year per EIN number. It should not matter if you have multiple MIDS under the same EIN... it is ONE fee per EIN from VISA. Anyone that says otherwise has been lying for over 20 years now.
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agreed with this, and i had no problem with paying mastercard through ccbill when we were on our own servers with ccbill billing on our subscriptions...
the yearly fee comes out and the month´s income covers this and more.
Quote:
Originally Posted by beaner
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it was a shock to get the email and as PN says, it´s probably because for the past 6 years i´ve been on MC for subscriptions and only goods for ccbill...
Quote:
Originally Posted by The Porn Nerd
Perhaps this Visa charge is new to you because you are selling physical goods (panties & DVDs)? Whereas most of us are selling digital subscriptions, as you do via ModelCentro.
I would suggest looking for another biller who handles physical goods in Adult. Perhaps one that handles sex toys? Tho I imagine if Visa is sending out these notices now then it will affect every Biller.
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maybe you´re right, here´s the email...
Quote:
Beginning on April 17, 2021, VISA, Inc. will begin classifying the Merchant Category Code 7273 (for U.S, Canada, EU, and UK merchants), and Merchant Category Code 5967 (for EU and UK merchants) as High-Brand Risk categories.
The Credit Card Associations use Merchant Category Codes (MCCs) to classify each business for processing payments. These four-digit MCC codes define the business type for each merchant account.
As a payment processor, CCBill works with VISA and the other major card brands while following their guidelines and policies. We are updating our policies to support this VISA deadline, which will include requiring CCBill merchants that are classified under the MCC 7273 and/or MCC 5967 to pay an annual VISA’s High-Risk Registration Fee.
Because your website(s) is classified MCC 7273 and/or MCC 5967, we wanted to notify you of this important upcoming VISA mandate. This new VISA High-Risk Merchant classification for your account does require you to pay an annual $500 (USD) VISA High-Risk Sponsored Merchant Registration Fee by Wednesday, April 14, 2021, prior to VISA’s April deadline.
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As you can see, from my email, this visa fee not mastercard, that was introduced back in 2010 or something, does state, beginning April 2021, not the year 2000 lol
