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IPSP?s can only register Sponsored Merchants in the country where the Sponsored Merchant has a presence.
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I think this means if you are Russian *for instnace* you have to have a Russian CC processor.
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You might want to contact GloBill. They have been making some changes lately, and it might be to avoid some of this shit.
And maybe it's time for the industry to start its own credit card operation.
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Good point but how long before they follow, this is coming from Visa/MC
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Overall this looks like good news. I hope it helps to limit the people who should not be running paysites in the first place by charging this fee. If you can not afford the $750, you should go find another line of work.
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Good point but tomorrows big site is todays small site. That is the way of business and all markets need it. I think Brad Shaw just wants to make it harder for anyone to get in and tkae his business by being better.