|
Someone is not telling the truth...Here's Globill's announcement, that would indicate that this IS NOT an international issue, but instead a US Merchant banking issue. It appears that if you want to avoid the $750 fee, that it is as simple as moving away from EPOCH, IBILL, CCBILL ...
As part of this restructuring, Glo-Bill has also moved all of its processing to a stable and reputable offshore bank. Previously Glo-Bill processed through a combination of offshore and domestic banks. An important reason for this move is that Visa and Mastercard have new regulations for their US member banks that should be going into effect before the end of the year. These new regulations will make business much more expensive for those third-party billing companies and their clients who choose to remain under the jurisdiction of the US merchant banking system. It would also force billing companies to divulge certain client information to Visa/Mastercard (web site URLs, income, contact info, etc.) and to essentially blacklist any individual client who exceeds Visa/Mastercard chargeback limits for even one month. Glo-Bill found many measures in these new rules to be overly broad and an apparent attempt to gouge our industry for extra cash. Glo-Bill is convinced that it will emerge as one of the strongest and most stable billing companies due to its decision to move its processing fully offshore.
|