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Old 07-18-2005, 10:24 AM  
Rand
Industry Vet
 
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Join Date: Jan 2002
Location: Santa Monica, CA
Posts: 2,663
Quote:
Originally Posted by jact
You neglect to mention the rest of the world is 4-10 business days for an auth to drop off and you folks are 30... Come on, it's the saddest excuse for a policy I've ever heard of. ePassporte could be great, but you guys seem to strive to be third rate.
30 days = a billing cycle which is how long a merchant has to settle an authorization. That's why the paramter is 30 days. But ePassporte can release the funds on the very same day with documentation from the merchant who secured the authorization. The merchant must simply state that they do not intend to complete the sale. Done.
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Payment Industry - Communications - Quality Assurance
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