Hey everyone...
I don't know if anyone has read this article regarding Visa but its got most angles covered...from the "its all going to be okay" to "extreme paranoia"
http://www.avnonline.com/issues/2002...002_lead.shtml
Its essential reading...
And just to stir the hornets nest more...this is from Verotel's site:
"Because Verotel provides its processing services for content subscriptions only, and not for product sales (physical goods), Verotel is classified as a 'TicketMaster', in the same way a company could be classified selling tickets for concerts or shows online."
http://www.verotel.com/ipsp.html
er, hello...i know some 3rd party companies allow for subscriptions AND physical goods, so why are they not making the distinction and deciding to apply the fees across the board?
Then again, Verotel isn't based in the USA, so they are, so far, exempt.
Another thought: Can't all USA based web companies switch to overseas 3rd party processors? This obviously is not taking into consideration that lost repeat billing will cost everyone a fortune. But from what I understand, it is an option.
I checked out
http://www.globosale.net/ and they seem quite cool. I'm sure Visa won't want to fuck with the Swiss banking system too much, although this latter comment is not based on any knowledge I have. I could be way, way off....but globosale seem real cool....
good luck everyone