Quote:
Originally posted by Validus
In the end... you'd still be making money... no matter if you have to pay 1000 bucks [to MC]!
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They'd better hurry up. I for one plan on moving our entire paysite business away from IPSPs. Visa may have us by the balls for this round, but only because of the short notice. It's just a matter of finding the right software and some time to implement a new system -- ideally one that accepts many different payment methods and has many cool features.
Before this time next year, CCBill may only be our secondary processor and possibly NOT for Visa (or MC if they decide to go this same route).
It's not so much the fee bullshit or even the registration as it is the demands for keeping below 1% CB ratios. These are friggin HIGH RISK sites for christ's sake! If we ALL kept our chargebacks below 1%, then we aren't exactly that high of a risk anymore are we? They want to make chargebacks easy as pie for their cardholders, demand less than 1 in 100 do chargeback and foot all the responsiblity onto merchants (who can hardly protest chargbacks anyway).
I have no doubt that MC and possibly others will follow suit. If MC thinks they can demand MORE than Visa, however, then they're getting better drugs than I get. The general attitude seems to be fuck Visa
...and they're the dominant payment method doing 60 to 70% of paysite business.
I will drop MC in a heartbeat if they try pulling similar crap.
Hell, I contemplated dropping them over the logo thing.
