Quote:
Originally posted by fiveyes
You overlooked what (most likely) will happen:
4. Continue processing your rebills but keep the money themselves.
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Gee, wouldn't one think that the smart motherfuckers who weren't processing Visa with their former processor would go in and expire all the passes as they were up for all their Visa rebills?
Of course if you expire them before they run out, you could end up losing your reserves to chargebacks and credits.
I can't believe people are worrying about processors keeping their rebills. That would be enough for Visa to terminate the processors account. If you have a site and a Visa, and are intending to stop taking it from any of your processors, I would suggest you sign up with your own card and see when the billing stops.