Quote:
Originally posted by 49thParallel
Does nobody see the reason for this type of action....VISA, as a corporation must protect itself against the chargebacks, refunds, and general mistrust that the consumer must harbor against the sleazy tactics of most "big corporation" adult sites.
|
Why does visa need to protect itself against the chargebacks? It's the processors (and ultimately the merchants) that take it in the rear with a chargeback...visa still makes money on the deal....just not as much as they'd like to. A processor get's billed for the initial transaction, then when a chargeback occurs Visa gets the money back from the processor and charges an additional fee. Then to help ease the swelling the processors repeat the process to the merchant. If a processor has too high of a chargeback ratio...Visa smacks them with a much larger fee as well.
I'm kind of two sided on this issue....I am happy this will help weed out some of the bad boys while at the same time I feel there are more ulterior motives behind this. The thing that gets me about this....the big companies who like to fuck around with people *won't* be affected like this....it may not be *as* easy as before but it's not going to be hard to get around it.
