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Originally Posted by jungar
1) The nature of the business we took on is not illegal. The modeling sites we were processing for are not considered illegel, though some people consider it immoral. This was in no way CP or KP , because if it had been, our banks never would have approved these sites. As I have already stated, We made a bad call.
2) As I have explained in earlier threads, we had to slowly phase out these merchants, lest we risk excessive chargebacks etc... If we would have killed their billing on the spot, the merchants could have potentially asked their clients to file a chargeback. We have been getting rid of these merchants slowly for months already.
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You mention you were phasing them out, for risk of charge backs, however as soon as Nats announced dropping you, you dropped all the sites immediately. Are you not still worried about chargebacks? and will this effect the stability of your company? That's alot of money to lose over night.
Don't take my comments the wrong way btw. I tip my hats to you for the bold move, it's not an easy move for any company to kiss that kind of revenue good bye over night.