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Jimmy, just a comment, not trying to argue with you... it doesn't have anything to do with recurring billing, just the CC companies in general.
Our car insurance company (one of the major ones) has recently stopped taking credit cards. Pissed us off really badly, but it DID happen. They claimed it was costing them too much money to accept them. Now, I don't know if that was because of chargebacks or just high processing fees or what, because that's the only answer we could get, but we told them that we were going to cancel our policy and contact one of the companies that DID take CC and they said they would take our CC on a case-by-case basis. So basically, they'll still do it if you demand it, but to most cusomters, they simply say no.
The VISA people are assfucking themselves with the world's biggest dildo and they need to get a grip before they tear themselves to pieces. With all these high rates to process, chargeback fees and fines and decreasing CB ratio allowances... pretty soon if they keep adding all this new crap, companies are going to HAVE to look for other alternatives. And if my mainstream big-boy car insurance company does it, who is to follow?
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