GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Adult Content Merchant Tough New Regulations effective 04/15/02

Maximus · 02-07-2002, 12:13 PM

Effective April 15th 2002, MasterCard will implement and enforce revised rules for the Merchant Registration Program. This program will effect the following Merchant types:

Key- Entered telecom mechants
Electronic Commerce Adult content (videotext) merchants
Excessive chargeback special Merchants

Key-entry telecom merchants and Electronic commerce adult merchants will now need to be registerd with MasterCard. If a merchant has been deemed an excessive chargeback merchant, the account will also need to be registered with MasterCard.

Merchants under these categories that are not registered are subject to non-compliance fines that range from 5,000 to 25,000. If a merchant is not registered, and falls under one of these types and has fraud in excess of 25,000 the Acquirer is subject to fines that range from 25,000 to 150,000.

The registration fee is 1000.00 for all Electronic Commerce Adult Content (video text) merchants that have been identified under the excessive chargeback programs. Currnetly there is no fee for key entry telecom merchants but they must still be registered with MasterCard.

Acquirer obligation:

Every three months, effectiveone calander month from merchant registration, the acquirer must submit to MasterCard via MasterCard Alerts a report of Sales, Chargebacks and Credit activity broken down by calendar month for each of its merchants.

MasterCard must also be notified if a merchant has exceeded the excessive chargeback merchant threshholds by the 15th of the month after the two consecutive months in which the ratio has exceeded the extablished threshold.

Key Entry telecom Merchants: Chargebacks to interchange sales volume exceeding 2.5%

Electronic commerce adult content (video text) merchants: Chargebacks to interchange sales volume ratio that exceeds 1% (count) or 2.5% ( dollar amount)

Due to the severity of this program it is imperative that merchants that operate under one of theses types must be compliant by april, 2002 and remain compliant with MasterCard rules.

End
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02-07-2002, 12:13 PM
Maximus Registered User Join Date: Jan 2002 Posts: 81	Adult Content Merchant Tough New Regulations effective 04/15/02 Effective April 15th 2002, MasterCard will implement and enforce revised rules for the Merchant Registration Program. This program will effect the following Merchant types: Key- Entered telecom mechants Electronic Commerce Adult content (videotext) merchants Excessive chargeback special Merchants Key-entry telecom merchants and Electronic commerce adult merchants will now need to be registerd with MasterCard. If a merchant has been deemed an excessive chargeback merchant, the account will also need to be registered with MasterCard. Merchants under these categories that are not registered are subject to non-compliance fines that range from 5,000 to 25,000. If a merchant is not registered, and falls under one of these types and has fraud in excess of 25,000 the Acquirer is subject to fines that range from 25,000 to 150,000. The registration fee is 1000.00 for all Electronic Commerce Adult Content (video text) merchants that have been identified under the excessive chargeback programs. Currnetly there is no fee for key entry telecom merchants but they must still be registered with MasterCard. Acquirer obligation: Every three months, effectiveone calander month from merchant registration, the acquirer must submit to MasterCard via MasterCard Alerts a report of Sales, Chargebacks and Credit activity broken down by calendar month for each of its merchants. MasterCard must also be notified if a merchant has exceeded the excessive chargeback merchant threshholds by the 15th of the month after the two consecutive months in which the ratio has exceeded the extablished threshold. Key Entry telecom Merchants: Chargebacks to interchange sales volume exceeding 2.5% Electronic commerce adult content (video text) merchants: Chargebacks to interchange sales volume ratio that exceeds 1% (count) or 2.5% ( dollar amount) Due to the severity of this program it is imperative that merchants that operate under one of theses types must be compliant by april, 2002 and remain compliant with MasterCard rules. End ********** __________________ Maximus Websitebilling Last edited by Maximus; 02-07-2002 at 12:43 PM..