Quote:
Originally posted by m0rph3us
Rand,
Can you please elaborate on how the risk is different for processing porn using your own merchant vs. using a 3rd party under the new VISA reg.
From what I understand, if you go over a limit with a 3rd party, you get the exact same consequences if you run your own merchant account and go over the limit.
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You could still lose your ability to process either way. But with your own merchant account, YOUR creidt is on the line. If you lose your PORN merchant account and tried to open.. say a doughnut shop down the street, the TMF of the porn merchant account could prevent you from getting an account for other, more mainstream biz. I don't know for sure, but I don't think a TMF file ever goes away.