Quote:
Originally Posted by TheDoc
The FBI does this because they have no power over your Company directly, that's why they inspect.
With 3rd party processors, they do have the power. It isn't your merchant account, they aren't even your members and really it isn't your money. Understand, they can do ANYTHING and ask ANYTHING they want, and you have no power to say no.
All it takes it someone to make a claim, and you will be forced to provide proof.
Compliance checks isn't just for VISA, it's for U.S. Laws as well.
And thank god they do... I would NEVER want to work with a 3rd party processor that didn't make sure every client was perfectly in check. It's not your money, just like it isn't mine, so you screwing with them, screws with me and everyone else too.
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I think whats his point is that epoch is feeling above the law. Sure dwb could "comply" and just send the docs. Why shouldnt a processing company have to take the same route as the law if they so deem it necessary? why should a company have better advantages or easier avenues than the law?
If you dont want to save your profit margin with a legitimate process that the law has laid out then why should it be enforced without repercussion?