Quote:
Originally posted by Indeed
Ok and if all cc processors go under, what will replace them in this industry? Checks payments?
|
There will be the overseas processors trying to dodge the rules, and that's already happening. I'm sure a lot of people will go with them until Visa and MC chase those operations down.
Someone on this board (I forget who) predicted that MC/Visa will eventually only approve processors where MC/Visa completely control the billing interfaces and such, leaving no discretion for third parties.
I think that's a good possibility down the road.