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Heres the real plain english.
Visa is sick and fucking tired of being associated with all the scamming and what not that many big pornographers use on their cardholders.
They are forced to come up with ridiculous regulations because shady 3rd party billers refused to police themself and the smoke and mirror tactics that some of their big clients use.
The big 3 looks for best way to tell webmasters about these regulations and big brother policies. Make it seem like they are doing some sort of favor. Use spin such as "good for the industry" "barriers to entry" "just pay it, its only 750 dollars, no big deal".
The regulations are not going to stop the same scammers from burning thru merchant accounts and corporate shells doing the exact same shit that lead to these problems.
So in the end, nothing is solved. Just pissing money down the drain.
So basically.....
You need to pay 750 plus 350 annually. And if mastercard joins in these numbers would double.
In addition to that, you still must pay 3rd party 15% of transactions.
Did I miss anything?
I'm sure lawyers are working around the clock looking at these policies and reviewing the 3rd party contracts that people have signed.
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