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ibill cb fees going up for those over 2%
sorry if it's already been posted. from the cmi:
Quote:
Due to the increasing cost of effectively managing chargebacks, InterCept Payment Solutions will initiate a fee change related to chargebacks across ALL card types effective February 1, 2004. The fee change will only affect clients with monthly chargeback ratios in excess of 2% on greater than 25 sale transactions and will result in a $25 fee per chargeback for all chargebacks in the month. Clients with chargeback ratios below 2% will continue to pay the current fee of $15 per chargeback.
We are happy to report that most of our clients are currently well under the chargeback thresholds (Visa - 1% domestic, 2% international; MasterCard - 1% overall). However, InterCept Payment Solutions will continue to offer assistance to clients that are experiencing higher chargeback ratios.
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we'll miss you our friend. RIP
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