Another q. regarding "Factoring".
Are billers not properly registered with visa and mc, ilegal?
This is called factoring or money laundering. People come in
contact with online merchants all the time who got "Ripped
Off" from another company they used to process their credit
cards. Online merchant never got paid, but this company still continue to process credit cards of their "clients" ex
members on paysite).
example: oxbill.com , which was debated this week.