GoFuckYourself.com - Adult Webmaster Forum - View Single Post - this just in - mastercard to stop third-party transactions

NETbilling · 04-20-2002, 11:57 AM

Hi All,

Hopefully the new rules will not effect all 3rd party processors, depending on how they conduct business. However, I was at the Mastercard meeting in Orlando last week as was, Ibill, Jettis, WSB and things are not looking great at this point. I then spoke to one of the Mastercard VPs at their booth and they did tell me that they really do want each merchant to have their own merchant account, no B.S. He stated that the rules are now carved out but compliance extenesion would most likely be granted beyond May 1st.

This is what I was told from the horses mouth. However, things are likely to change as they often do.

Mitch / Netbilling

04-20-2002, 11:57 AM
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,596	Hi All, Hopefully the new rules will not effect all 3rd party processors, depending on how they conduct business. However, I was at the Mastercard meeting in Orlando last week as was, Ibill, Jettis, WSB and things are not looking great at this point. I then spoke to one of the Mastercard VPs at their booth and they did tell me that they really do want each merchant to have their own merchant account, no B.S. He stated that the rules are now carved out but compliance extenesion would most likely be granted beyond May 1st. This is what I was told from the horses mouth. However, things are likely to change as they often do. Mitch / Netbilling __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!