10-02-2002, 11:33 AM
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Fuck Checks, CASH only!
Join Date: May 2002
Location: New York City
Posts: 19,422
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Quote:
Originally posted by cafeaulait
Facts: (Not just my opinions or hearsay)
- VISA is separated into several very seperate world regions.
- VISA USA has opted-in to the new regulations listed above.
- Several of the VISA regions have NOT opted in to these new regulations so they do NOT have to comply to the regulations above.
- If your 3rd party payment processor is based in the USA and continues to use VISA USA for its transaction processing you WILL have to comply with the regulations listed above.
- If your payment processor moves (or is already) offshore, you will NOT have to comply with ANY of the regulations listed above and things remain as they were.
- SOLUTION - SWITCH to an non-VISA USA based processor TODAY.
- Only one of the big five processors has made this change and they where NOT involved in today's JOINT statement.
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