Quote:
Originally Posted by plsureking
same as ccbill eu debit and every other eu-only payment option. dialers, pay by phone, direct debit, no rebill option.
rebills make this industry go round. that and credit cards lol
might be a decent "if all else declines" option.
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While I agree with you about rebills, I think you’d also agree that an entire industry built around customers simply forgetting to cancel their memberships isn’t exactly a sustainable model.
I’ve been in the billing space for over 20 years, and lately, I’ve seen a massive increase in chargebacks. Just a few days ago, I received a batch of chargebacks from the same user — for memberships paid months ago, for services that were fully delivered (and yes, I have the logs).
The acquiring bank (which I’ll refrain from naming) not only charged the standard CB fees but also something called a “MC Scheme Fee.”
Result: around $600 lost in fees on just $150 worth of transactions.
Is that normal? I really don’t think so.
With 3DS now mandatory for every European card transaction, it’s honestly easier, faster, and safer to process instant wires instead.