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Originally posted by Jay[neX]
WTF are you talking about? Have you seen KK bitch about Visa complying processors? Look what hapened to WSB, they were NOT compliant, and Visa put a stop them. So far she's 1 for 1, let's see how the other processors do...
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WSB was having chargeback problems for years. They even sued Visa back in 2001 over that issue. They were in danger of being shut down by Visa back then over chargebacks. That was public knowledge that they even posted to their site. I was using them at the time and switched right away as that was writing on the wall for me.
Nobody knows for sure why WSB went down but the overwhelming evidence points to massive chargebacks more than anything else. It was really just a matter of time for them. They went the way of DMR...