IMO i don't think that VISA/MC will ever eliminate rebilling. even with a 15% charge back rate, they are still making too much money to eliminate it completely. I think they will tighten restrictions on chargebacks, just like the phone companies have. They will not issue a refund or charge back if a person complains about a dialer. (my dad unknowingly downloaded one) even with threats of canceling the account. (we now use MCI) They have already started putting stricter regulations in:
Quote:
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*As of October 2003, Issuers will no longer be able to charge back an item a second time
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check out VISA's website,
http://usa.visa.com/media/business/e....pdf?it=search they are a few hints that this will be the next step.