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garce, that is often an effect of more or less scrubbing on the processing end as well. If they were very good on chargebacks and whatnot in the previous period, they might be a little more lenient when it comes to allowing signups for a couple of days, until they start going the wrong direction. It is also why it happens near the end of the month, because they are far enough under to take some more risks.
Let me add:
4 - The mystery recur: This is one of the most amusing ways to create income where none exists. I know of at least one program where I will occassionally gets recurs on sites I have never sold on before... and usually just near the end of the month and when conversions have been fairly bad. Another "throw them a bone" move.
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