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I hear everyone say well I have my $750.
So what if MC discover and all those other credit card companies follow suit? do you have enough money then?
we process my own credit cards. we have not heard anything about this from our merchant sevices.
I am assuming this is to do with third party billers.
I must say I blame the comsumers of our paysites, and the banks that issue these credit cards. The banks are to free in allowing these assholes to charge back even though they use our services.
You can have all the right documentation for each transaction and they still get their money back. OR do they????
Or is ibill and the others trying to fuck us all.
I have searched visa.com for their new regs but have not found any as of yet. Or do we take the word of Ibill and the rest on this one.
If you have the time, (which most of us don't) you can set -up your own merchant account and charge cards by phone for as little as $500.00
anyway
I will let you know if I find out anything tomorrow.
I will make a few phone calls to see what is going on with visa.
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