Quote:
Originally posted by netbilling
Hi,
(Since November of last year, the IPSPs must report the chargeback thresholds of each sub merchant to Visa and Mastercard monthly. The rulkes are basically the same whether you have you own merchant account or use an IPSP.
As more and more merchants are now getting merchant accounts, they see that the difference is not that much different besides the control factor and the $$$ savings in transaction fees.
Mitch
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Mitch perhaps I have missunderstood the IPSP statements on MC. I understand that as far a MC is concerned the merchant is the IPSP, they sell product provided by the site. The ratios are regarding the IPSP account. If this is correct having your own merchant account is a real advantage to a low chargeback merchant.
Is my interpretation correct?