Originally Posted by SwirlsGirl

How about if there was a universal new approach to "Payment Processing" that would give merchants and webmasters the oversight, and autonomy over all of their own transactions.

I see it like this... if payments were not done with "credit Cards" and were done with something like "cash" cards which could be a prepaid card with visa log on it...that in it of itself may significantly reduce credit card fraud by 80% as well as protect webmasters, and merchants from all of the following....

1. Invalid denials - declined transaction where customer has funds n his/her card and cannot transact because of "billing companies" choice to decline transaction

2.Loss of goods and services - when billing company does not consult you the merchant and issues refund after refund for the most trivial of reasons, you the webmaster will now have the POWER to decide if a refund is issued...no more unsubstantiated or unverifed refunds!

3.Potentially a surge in signups/revenue because more people would embrace an anonymous disposal "cash Card" and would not be afraid to use their "cash cards" because of these very concerns of credit card FRAUD.

4.Fewer if any would be calling up to say "someone stole my credit card number" and used it to buy a membership on your site!

5. Suspicions and doubts about declining sales would be eliminated because your customer would never have to leave your site to travel to another server to submit their personal credit card details

6. Someone in a foreign country would not get rejected because of bank error, bank decline,"do not process for your banks bin, a whole lot of these "approval" issues would disappear overnight!

7.Bottom line, if another system that is not for profit could be developed that would give us all oversight and peace of mind, along with providing customers with anonymity and fast access to your members area it would be win/win for us merchants and our customers and lose lose for billing companies

8. No need for a "rolling reserve" which is just a fancy creative, and deceptive way of saying "let me shave a few more dollars off of you silly merchant, and sit those funds in a secure account...and invest those funds in the market....yeah let me make more money off of your money, and not pay or credit you with the rewards! Simple as that.

9.The list goes on, and I am not suggesting I have it figured out entirely, but I keep thinking about pros and cons and how much better things could be for customers and webmasters alike.