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  1. #1
    Join Date
    Aug 2001
    Posts
    4,861

    New "Visa" rule...how ridiculous!

    Anyone here who uses a third paty proccesser like CCBILL or IBILL or whatever...did you hear about that ridiculous new requirement that anyone who uses a third party credit card proccesser has to pay $750 before 11/15/02 VISA deadline.....
    if you want to continue to be able to accept Visa transactions on your site?

    And if you don`t pay $750 you can no longer accept Visa transactions and all of your current visa transactions will be stopped.

    F**king ridiculous....

  2. #2
    Join Date
    Sep 2002
    Posts
    1,448
    are you sure its not the third party that has to pay that... not the one who uses the third party?
    You are unique, just like everyone else.

  3. #3
    Join Date
    Aug 2001
    Posts
    4,861
    No, it`s you who has to pay it. You personally have to pay $750 if you want to be able to continue accepting visa transactions on your site if you are using CCBILL or IBILL or one of those pathetic third party companies.

    I must have been living in a bloody cave because i have just found out about this today. Now i have to move hundreds of customers to my damn merchant account which i didn`t even want to use. I`m p*ssed.

  4. #4

    Thumbs down oh yeah!

    I got this from iBill myself. The first one was for the $750!:

    Dear iBill Client,

    Last week you should have received your iBill-Visa registration
    announcement. All clients are required to complete this registration process by Visa and our acquirer.
    Per the announcement, registration is to be complete by Wednesday, October 23rd. Failure to complete the registration
    process will result in your account being placed on do not pay.

    If for some reason you have been unable to access your registration form, please contact your iBill, account manager or our client service team at [email protected] or call us
    at 866.424.5557 (US) or 954-363-4931 (International).

    We appreciate your time and effort in completing the registration form.

    Thank You.

    The iBill Team

  5. #5
    Join Date
    Aug 2000
    Location
    NYC
    Posts
    6,627
    Originally posted by Frosty
    I must have been living in a bloody cave because i have just found out about this today. Now i have to move hundreds of customers to my damn merchant account which i didn`t even want to use. I`m p*ssed.
    If you haven't been living in a cave, you at least haven't been reading WHT.

    The concensus of information has been that the $750 fee applies only to "adult" business on the web.

    [Edit]
    As DanielP points out below what that actually means is that it applies if your third party processor deals with adult businesses or has otherwise been deemed to be "high risk."
    [/Edit]

    Here are two relevant threads:

    http://webhostingtalk.com/showthread.php?threadid=79785

    http://webhostingtalk.com/showthread.php?threadid=78510

    There are probably a couple more, too, that you can find by doing a search.
    Last edited by JayC; 11-11-2002 at 10:37 PM.
    Specializing in SEO and PPC management.

  6. #6
    Join Date
    Jan 2002
    Location
    Boston
    Posts
    5,010
    I wonder if this also applys to hosts that allow adult content?

  7. #7
    Join Date
    Jun 2000
    Location
    Alabama of course
    Posts
    1,576
    JayC this applies to every customer of any 3rd party processor who has been classified as high risk... IPOP or something like that... I don't remember exactly what they called it.

    In short because CCBILL and IBILL and others like them allowed adult merchants to use them visa got a higher chargeback rate but yet couldn't control it... thus visa had to put new rules in place and basically register every 3rd party processors customer so they can say who can and cannot process visa cards... only the processors labled high risk must charge their clients the 750 fee... so far others like 2checkout who do not allow adult merchants and similar do not have to pay the fee although its hard to say since 2checkout is fairly tight lipped on this...

    In short if your 3rd party processor has been labled high risk no matter what you process via them you'll have to pay the fee.
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  8. #8
    Join Date
    Aug 2000
    Location
    NYC
    Posts
    6,627
    Thanks for clarifying that Daniel. Since I don't use them I didn't follow the whole discussion to its conclusion, but wanted to point Frosty to the appropriate threads. I've edited my post to more accurately sum up the situation.
    Specializing in SEO and PPC management.

  9. #9
    Join Date
    Jun 2000
    Location
    Alabama of course
    Posts
    1,576
    no problem

    I tend to read entire threads like that and kinda followed it from the beginning since it wasn't really clear till the end on how visa was handing out that policy... but in the end it just looks like those processors who allow high risk customers (adult, downloadable software, etc) are the ones who their customers get hit with the fees..

    Its almost as-if 2checkout is dancing around it trying to avoid it but they still will require everyone to register and what not.. they just may be able to dance around the fee's
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  10. #10
    Join Date
    Aug 2002
    Location
    Chandler, Arizona
    Posts
    2,564
    I rememebr a few years back visa was being retarded and requiring places that accepted visa to only accept visa...and they say msft is a monopoly?
    -Robert Norton
    www.SophMedia.com

  11. #11
    Join Date
    Jan 2001
    Posts
    495
    I have taken on the *screw you* to IBill and CCBill.. I just will use my own merchant account =)
    James R. Clark II

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