Quote:
Originally posted by Kimmykim
Um, no, that is not what they are saying. If YOU as a merchant account owner, are irresponsible and unable to run a business, then YOU have no business taking credit cards, and you cannot run and hide behind third party processing.
If a third party processor goes under, THEY are the ones who are ineligible for merchant accounts and YOU would be able to take YOUR business elsewhere, since YOU were not the culprit.
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I wasn't saying that the THIRD PARTY PROCESSOR goes under Kimmy. I was saying IF lets say CCBill fucks up and gives more then 4% chargebacks for a continous 6 months. What happens then? You tell me. Would under the new regulations, would VISA USA not black list me? Given the above that you have stated, I will VERY VERY MUCH like to say yes, they would.
So because of CCBill's Fraud Detection or Fraud Scrubbing which is propiertary to YOUR COMPANY, if I were a Pseudo Merchant, would I not suffer being black listed? In a nutshell, I WOULD BE RISKING MY OWN CREDIT HISTORY in your COMPANY'S HANDS.
Think about that.
-Nato