Quote:
Originally Posted by Rand
Thanks Hardcore J, and others. I was happy to get this out and I want to thank XBiz for putting it on the cover of their August issue.
This was my response to the questions I hear on a regular basis. I hope it helps.
|
Rand
I had no idea about some of these cross border rules that you pointed out.
You clearly explained these rules / regulations in laymen's terms and potentially prevented me from putting my business in jeopardy without me even knowing it.
Based on your article, it's clear that US based online vendors CANNOT use a non USA based IPSP to clear credit card transactions.
If a webmaster decides to go ahead and do this anyway, they are clearly not in compliance with cross-border acquiring rules.
Any paysite owner would be an absolute fool to give up or put at risk 85% - 90% of their business by trying test a billing company that is not based in the same processing region in which they are registered.
Of course, testing a new "wiz bang" a credit card company or two in a effort to squeeze more money out of your users may sound logical at first.
But going ahead and moving fwd without first doing your due diligence will ultimately end up biting you in the ass and even threaten your core credit card processing capability.
It's also great to see that Epoch itself is capable of processing the major eight card types, including many of those wacky Euro debit cards.
So thanks again for pointing this out to us, this article may of saved a few webmasters from potential disaster!