Quote:
Originally Posted by SmokeyTheBear
wouldn't it be alot simpler for programs to "buy" memberships to decrease chargeback rate %
like lets say in theory a program puts 100k into 5000 epassporte accounts ( i am just using it as an example )
then near the end of the month they simply buy their own memberships to counteract the amount of chargebacks they have gotten.
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there are lots of ways you can do it. in 2000 one well known webmaster made a deal with an issuing bank to issue him 100,000 cards, so that he can run them and the charge as he saw fit. visa caught on when they flagged the bank as doing .00015 of their issuing revenue, but having issued 3% of the cards out there
