100 very expensive lawyers in suits.
-
Ignorance is never bliss.
-
You are the authority around here Kim so I'll take your word for it. However my experience has been different with the merchant accounts and aggregates I have used.Originally posted by Kimmykim
Sorry to burst your bubble, but you're wrong. As long as the banks, IPSPs, and card associations agree, this happens all the time. It has nothing to do with today's Visa/Mastercard, and I'm completely clueless as to where you keep coming up with this statement when people who are in processing continue to correct you.
-TonyComment
-
bump for big L... this is interesting stuff
Media Buyer - Sell me your traffic!
FREE to register domains...
Better than 99% of the crap sold here!Comment
-
Hopefully KimmyKim is around to see my question & can answer:
Hypothetically speaking - if an IPSP is still rebilling & processing for sites but not releasing funds & 'let's say' they should go out of business tomorrow - the sites don't have to honour the 'membership' if it hasn't been paid - forcing the member to chargeback & either stop all together or start with the new processor.
Does the chargeback history get tagged on the site or remain with the defaulting processor for not having paid out the funds to the site owners which ultimately gave them no choice but to block out the members still using that processor?Comment
-
bumpOriginally posted by TopBucksTrixxxia
Hopefully KimmyKim is around to see my question & can answer:
Hypothetically speaking - if an IPSP is still rebilling & processing for sites but not releasing funds & 'let's say' they should go out of business tomorrow - the sites don't have to honour the 'membership' if it hasn't been paid - forcing the member to chargeback & either stop all together or start with the new processor.
Does the chargeback history get tagged on the site or remain with the defaulting processor for not having paid out the funds to the site owners which ultimately gave them no choice but to block out the members still using that processor?
we'll miss you our friend. RIPComment
Comment