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HairToStay · 04-08-2003, 05:59 PM

Visa only gets $500 of that fee; the bank/third-party processor gets $250 for the privilege of having to report to Visa each month.

Only 'high-risk' businesses have to pay the Visa registration fees, and that isn't limited to just adult sites.

It's extortion and it's not fair in any sense of the word. Neither Visa nor the banks lose ANY money on chargebacks, yet they claim they need these fees to make up for their losses.

In the event of a chargeback, the originating charge is eaten by us, the merchants. The chargeback fees -- ranging from $25-$100 - are eaten by the merchant. How does Visa or the bank lose money?

Why is it some credit card processors make merchants pay $1,000 to Mastercard when Mastercard has not levied those fees yet? Not only that, one processor tried to make me pay $750 to Visa, $1,000 to Mastercard PLUS $250 to them for processing fees.

Yes, I've changed credit card processors, even after an 8-year relationship with them.

04-08-2003, 05:59 PM
HairToStay Confirmed User Join Date: Oct 2002 Location: Southcoast, Mass. Posts: 1,521	Visa only gets $500 of that fee; the bank/third-party processor gets $250 for the privilege of having to report to Visa each month. Only 'high-risk' businesses have to pay the Visa registration fees, and that isn't limited to just adult sites. It's extortion and it's not fair in any sense of the word. Neither Visa nor the banks lose ANY money on chargebacks, yet they claim they need these fees to make up for their losses. In the event of a chargeback, the originating charge is eaten by us, the merchants. The chargeback fees -- ranging from $25-$100 - are eaten by the merchant. How does Visa or the bank lose money? Why is it some credit card processors make merchants pay $1,000 to Mastercard when Mastercard has not levied those fees yet? Not only that, one processor tried to make me pay $750 to Visa, $1,000 to Mastercard PLUS $250 to them for processing fees. Yes, I've changed credit card processors, even after an 8-year relationship with them. __________________ Make bank by giving your surfers free pics every day and it costs you NOTHING! Use POTD Sponsors to find adult sponsors in more than 75 niches who offer a POTD feature!