Quote:
Originally Posted by $5 submissions
Given the current scrutiny banks/lending institutions are receiving on their operations and practices, what is the likelihood that Visa and Mastercard would modify automatic rebills? Many other businesses, besides adult and online content/services sites, depend on automated rebills. Would there be legal grounds to challenge such a move if it does happen?
|
Not going to happen toots.
They can make the merchant banks demand online/operators start sending out monthly invoices to members who are rebilling. So they are perfectly aware they are being charged, and receive an invoice for it like most online transactions.
But they are not going to kill recurring bills hoss.