Quote:
Originally posted by Masturbationman
I heard from a buddy that Visa is about to start cracking down on processors that are not following the cross boarder rules. This means if you are a US webmaster using a process in Europe they are not going to be able to process for you or they will be fined $25,000 per day. The only way they can do this is if they have a US merchant account. They are cracking down because many US webmasters when to European processors so they did not have to pay the $750 fee. This is why ccbill, ibill, epoch got EU merchant accounts. Anyone hear more about this as I moved some of my business to a European processor!!!!!
Help!!!!
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Sounds like complete bullshit. Visa will crack down on any US-based processors who are already registered and who sign up non-US webmasters. But european and offshore processors are okay and don't have anything to worry about. This is old news and was discussed at length way back in October 2002. Search the posts.
I think your "friend" is misinformed.