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 am i to understand from that that the details in my first post are correct? I.e, if a merchant has excessive chargebacks (read as over the threshold limit for two consecutive month) they
will lose their rebill status from MC?