View Single Post
Old 10-02-2002, 01:05 PM  
49thParallel
So Fucking Banned
 
Join Date: Jul 2002
Posts: 1,197
The VISA Scare - Globill's Response

This is the official announcement that Globill has sent out that would indicate that the $750 fee quoted by IBILL, CCBILL, EPOCH & PAYCOM is NOT industry wide. (and no, I don't work for Globill...they sent me this notice, as I currently use them as my processor of choice)..

As I mentioned in another thread...Globill appears to run a tighter ship..no free trials...and a closer reign on the other paysite dirty tricks...so perhaps they will be able to remain out of the crosshairs of VISA regulators:

As part of this restructuring, Glo-Bill has also moved all of its processing to a stable and reputable offshore bank. Previously Glo-Bill processed through a combination of offshore and domestic banks. An important reason for this move is that Visa and Mastercard have new regulations for their US member banks that should be going into effect before the end of the year. These new regulations will make business much more expensive for those third-party billing companies and their clients who choose to remain under the jurisdiction of the US merchant banking system. It would also force billing companies to divulge certain client information to Visa/Mastercard (web site URLs, income, contact info, etc.) and to essentially blacklist any individual client who exceeds Visa/Mastercard chargeback limits for even one month. Glo-Bill found many measures in these new rules to be overly broad and an apparent attempt to gouge our industry for extra cash. Glo-Bill is convinced that it will emerge as one of the strongest and most stable billing companies due to its decision to move its processing fully offshore.
49thParallel is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote