RonC

I have read the other posts and I will try to answer some of the questions with Real Facts.



gothweb (Posted)

I think CCBill etc. should offer webmasters the possibility of dropping Visa, or even drop it altogether. I don't like the idea that they are rolling over as 90% of their customers get a thorough dicking

CCbill plans to offer this feature prior to Nov 15.




SextrafficPete (Posted)
i am still waiting to hear how this affects offshore third party billers ;)

Visa IPSP program is World Wide. The High Risk (Adult) criteria is the only thing that has not been Adopted World wide as of today. The additional features of the High Risk program is that each Sponsored Merchant has to pay the $750 fee ($500 to Visa, $250 to the Acquiring bank), and the Bank that processes the Transactions has to have 100 million in Tier 1 capital. The problem is that the Cross boarder requirement still exists in both the High Risk/Non High Risk program. As currently written an IPSP (CCbill, Ibill, Globill) ect. Can only register their sponsored Merchants (webmasters) in the Country that the webmaster and bank resides. (i.e. CCbill would have to have a bank in Australia for Australian webmaster, France for French webmasters ect..). As you can see this almost cripples foreign IPSP since they will not be able to process any webmaster that is not in their banks country for example the United States.



salsbury (Posted)

ccbill/ibill/epoch et al are probably not going to make a ton of money off these new regs. in fact they'll probably make less at first.

I would be the first to say I wish it was true. This is not the case. All IPSP will be forced to not accept new or old business from customers that we do not have a bank in their country.


muff (Posted)

From what I gather from talks with Epoch, anyone operating out of the US and using an IPSP (Internet Payment Service Providers) located in the USA will have to incorporate a business inside the USA in order to be in acceptance with the new regulations set forth by Visa

This is correct. You either have to have a Tax ID number (Give to Corporations) or a SSN number for individuals. We are not required to report under these numbers, but Visa is requiring that as proof of a person or corporation that is US based.
This is the same requirement that they have for any merchant account provided.


pugels (Posted)

have contact Glo-Bill and they are not affected by this at all. The recent changes they just made means that we won't have to go through all this crap. I had more than one processor but screw that. I'm moving all my sites to Globill.

This is the funniest one, by far. I do not think that anyone would dispute that CCbill, Ibill, Epoch are by far the 3 largest 3rd party processors in the Adult space. We have had several meetings with our banks and Visa regarding this issue. Does anyone think if it was as simple calling ourselves a foreign company and getting a bank offshore we would not do it?
Visa has made it VERY VERY clear, the rules are the rules and IPSP that do register their clients in the correct country will loose their right to process Visa transactions plain and simple. Remember Visa has to now approval all sponsored merchants prior to taking transactions after Nov 15. (This is new and old customers). They have also made it Very clear to us that IPSP and webmasters that try to avoid their rules will not be welcome to process under the Visa brand in the future after Nov 15th.

I guess all I can say is that every business man has to make his own choice in life. If you really think that Glo-bill knows more than CCbill, Ibill, Epoch combined then switch away and see what happens. The old timers will remember that no one believed that Visa would kill DMR with all those transactions either until it happened.


I will try to read this thread and post more info later tonight or in the morning. Please feel free to call our offices if you have any specific questions. Our Account managers are all fully briefed on the issues.


Ron Cadwell
CEO, CCBILL.com