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To quash any rumors before they get started, let me address a few points that have been brought up in this thread.
First, Glo-Bill is not, never has and never will attempt to "get around the credit card companies". I can assure everyone that everything is above board and that Glo-Bill is in fact working very closely with BOTH the credit card industry and the merchant banking industry in the jurisdiction that we are now processing from. We are in full compliance with all regulations within our jurisdiction.
Second, this is way more than simply a jurisdictional issue. Glo-Bill had a small army of attorneys, banking experts and consultants working on this problem for more than three months. They have worked with us in crafting a unique and solid solution that will benefit both Glo-Bill and by extension all of Glo-Bill's clients.
We cannot speak for other processors and whatever paths they have chosen to go down. But by the same token, we do hope that ALL our competitors and the industry as a whole continues to prosper. That only helps all of us. Glo-Bill has simply positioned itself with a solution it regards as the most beneficial to its clients.
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A. Martin
Vice President - Operations
www.Glo-Bill.com
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