04-08-2003, 06:07 PM
|
|
|
Let's do some business.
Industry Role:
Join Date: Jan 2003
Location: The dirty south.
Posts: 18,781
|
Quote:
Originally posted by HairToStay
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.
|
Well said.
__________________
Hands Free Adult - Join Once, Earn For Life
"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."
|
|
|