I Just talked to an account manager at Ibill, since I am in Australia I asked him if I would need a US company setup to be in complicance with the new VISA rules. He told me that since I was in Austarlia that I WOULD NOT be required to setup a US company as Ibill have merchant relationships setup in Australia.
He also confirmed that payments will still be billed in USA DOLLARS
I asked him about chargeback ratios and ask what the VISA limit is for the new rules. He said 2.5% and US$15 fee per chargeback over the 2.5%. He said if the chargebacks got quite high then they would work with you to lower them down so to help keep VISA happy.
I always thought it was 1% but do VISA have no intention of using 1%?? Where did 1% come from? I remember 2 years ago we thought it was all over when Visa mentioned 1% but nothing seemed to happen? or did I miss something?
He said there would be a premium of 1-2% per transaction added for this Australian service, he said webmasters in the USA would not be charged any of these addition fees.
He said I would still need to log all my info with VISA, and that I would just need to pay the $750 reg to continue processing.
I asked about the Ibill Mastercard requirement posted in the Webmasters admin area
"iBill must allow for consumers to make purchases from multiple iBill client sites. iBill will support a consumer portal and all clients will be required to register their sites on the portal.
At the time of checkout, iBill must offer the consumer the ability to make additional purchases. iBill receipts will now contain a link to this portal for additional consumer purchases.
I told him it didn't sound like a credit card company like Mastercard would require such a thing, he said it was a strange rule but infact Mastercard did make this rule not Ibill.
(Sounds like bullshit me, I dunno)
I just want to know who gets top spot on that page?? Is Ibill going to sell the top spots to the big boys?? YEP!
Well anyways thats all i've got, I posted it here because I have read about 200 posts on VISA on GFY and this info was new. If I missed some important facts where someone said what I just wrote was all lies then please feel free to correct me.
I for one hope this is legit and that Ibill wasn't just bullshiting me, damn there is so many rumors and bullshit flying it hard to tell whats real & what not.
Let me know what you guys thing about Ibill saying this stuff.
Cheers
Sammy
Sunny Gold coast
He also confirmed that payments will still be billed in USA DOLLARS
I asked him about chargeback ratios and ask what the VISA limit is for the new rules. He said 2.5% and US$15 fee per chargeback over the 2.5%. He said if the chargebacks got quite high then they would work with you to lower them down so to help keep VISA happy.
I always thought it was 1% but do VISA have no intention of using 1%?? Where did 1% come from? I remember 2 years ago we thought it was all over when Visa mentioned 1% but nothing seemed to happen? or did I miss something?
He said there would be a premium of 1-2% per transaction added for this Australian service, he said webmasters in the USA would not be charged any of these addition fees.
He said I would still need to log all my info with VISA, and that I would just need to pay the $750 reg to continue processing.
I asked about the Ibill Mastercard requirement posted in the Webmasters admin area
"iBill must allow for consumers to make purchases from multiple iBill client sites. iBill will support a consumer portal and all clients will be required to register their sites on the portal.
At the time of checkout, iBill must offer the consumer the ability to make additional purchases. iBill receipts will now contain a link to this portal for additional consumer purchases.
I told him it didn't sound like a credit card company like Mastercard would require such a thing, he said it was a strange rule but infact Mastercard did make this rule not Ibill.
(Sounds like bullshit me, I dunno)
I just want to know who gets top spot on that page?? Is Ibill going to sell the top spots to the big boys?? YEP!
Well anyways thats all i've got, I posted it here because I have read about 200 posts on VISA on GFY and this info was new. If I missed some important facts where someone said what I just wrote was all lies then please feel free to correct me.
I for one hope this is legit and that Ibill wasn't just bullshiting me, damn there is so many rumors and bullshit flying it hard to tell whats real & what not.
Let me know what you guys thing about Ibill saying this stuff.
Cheers
Sammy
Sunny Gold coast
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