Quote:
Originally posted by Kimmykim
Sorry, I missed your post, or I'd have answered you directly, but now I will.
If I am a sponsor and an affiliate is using stolen credit cards to sign up to my site and collect their payout, then Visa, Mastercard, etc will take the money from my account even though I did not know the affiliates were committing fraud.
This hasn't changed in all the years that there have been credit card payments. In some cases Visa might eat the loss, or the bank might, but that's pretty rare to see.
Keep in mind that when you use ePassporte, you are using the Visa system. Visa has certain rules, processes and regulations that have to be followed regarding transactions.
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So summary is this:
Yes my account could be closed.
Yes the money recieved from fraudster would be removed. (unclear about what happens if other funds are in there at time).
There is no seller's protection like a certain non adult 3rd party has. I am just SOL with what I delivered.