I have returned from NY and have additional information from our Banks and Visa regarding the new IPSP rules.
We will be sending an email on Wednesday to all CCbill Clients regarding the Registration process, but due to the questions posted ealier I have posted this.
I will try to answer some of the basic question, with more details to follow in Wednesday email
1. The new IPSP rules are worldwide, and will be in effect in every Visa region on Nov 15th.
2. Visa stated that 80+% of all adult webmasters are located in the US. and they plan to enforce the Crossboarder issue vigorously on any US webmaster processing offshore.
(This means if you are a US webmaster you must process your transactions in a US bank. If you are French you need to process your transactions in a EU bank)
3. Visa expressed they are aware of claims from some of our competitors that they would be able to avoid New IPSP rules. Visa response this was absolutely not the case and these companies will be speaking with their acquiring banks shortly. In fact Visa was quite upset regarding this issue.
4. On Wednesday CCbill will be starting U.S. webmaster registration.
5. Registration Forms will be available late Wed. in your admin section.
6. U.S. Webmasters will be give a choice of deducting the $750 registration over 1 to 3 pay periods prior to Nov 15th.
7. The GOOD NEWS. CCbill will be offering a $750 Credit to current and New customers
Here is how it works. You still have to pay the $750 up front. CCbill will be refunding your processing fees on new transactions ONLY (not rebills) for the next 9 months. Once you have reached the $750 processing credit your normal processing fees will begin again on your new transactions. Bottom line, continue to send new transactions and CCbill will pay the fee.
7. Foreign Webmaster registration will begin on Oct 28th. in the Webmaster section
8. We are working with Visa on the exact reporting info and fees for the different Visa Regions.
9. We expect to be able to offer our foreign webmasters a solution in the EU region and Asia Pacific Regions. More details and Registration process will be available on the 28th
10. We will know more later this week with Canada. We now feel there is a 50/50 chance that we will also be able to offer Canadian Webmasters a solution.
This should answer most of the questions. If you have any others please feel free to post them
Ron C
CEO, CCbill.com
We will be sending an email on Wednesday to all CCbill Clients regarding the Registration process, but due to the questions posted ealier I have posted this.
I will try to answer some of the basic question, with more details to follow in Wednesday email
1. The new IPSP rules are worldwide, and will be in effect in every Visa region on Nov 15th.
2. Visa stated that 80+% of all adult webmasters are located in the US. and they plan to enforce the Crossboarder issue vigorously on any US webmaster processing offshore.
(This means if you are a US webmaster you must process your transactions in a US bank. If you are French you need to process your transactions in a EU bank)
3. Visa expressed they are aware of claims from some of our competitors that they would be able to avoid New IPSP rules. Visa response this was absolutely not the case and these companies will be speaking with their acquiring banks shortly. In fact Visa was quite upset regarding this issue.
4. On Wednesday CCbill will be starting U.S. webmaster registration.
5. Registration Forms will be available late Wed. in your admin section.
6. U.S. Webmasters will be give a choice of deducting the $750 registration over 1 to 3 pay periods prior to Nov 15th.
7. The GOOD NEWS. CCbill will be offering a $750 Credit to current and New customers
Here is how it works. You still have to pay the $750 up front. CCbill will be refunding your processing fees on new transactions ONLY (not rebills) for the next 9 months. Once you have reached the $750 processing credit your normal processing fees will begin again on your new transactions. Bottom line, continue to send new transactions and CCbill will pay the fee.
7. Foreign Webmaster registration will begin on Oct 28th. in the Webmaster section
8. We are working with Visa on the exact reporting info and fees for the different Visa Regions.
9. We expect to be able to offer our foreign webmasters a solution in the EU region and Asia Pacific Regions. More details and Registration process will be available on the 28th
10. We will know more later this week with Canada. We now feel there is a 50/50 chance that we will also be able to offer Canadian Webmasters a solution.
This should answer most of the questions. If you have any others please feel free to post them
Ron C
CEO, CCbill.com

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