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Legal views on the VISA regulations
I am wondering if the VISA regulations are legal?
Following thoughts:
VISA hasn't published anything yet and I wonder if it is legal to change regulations so drastically without prior advanced notice. This leads me to believe that the billers knew it for a long time and now they just do it on short notice so they don't loose much business. This might be grounds for a suit against the billers if that would turn out true.
If an industry leader imposes extortion methods like: pay or die (they don't say it like this but basically it is like it) would it really be no problem? Microsoft did it and got sued.
So can we really do something about it? I think we can all hit VISA where it hurts. Money
Simple step. Pay the fee and then we all increase the VISA payment option. $20 for MC and other cards and $25-30 for VISA explaining to the customer why this step is necessary. I see 2 advantages. First of all it will keep MC for doing the same shit because they can see a lot of money coming to them and VISA will loose a lot of money and they might consider this new regulation.
The problem we have is that most people in this industry just want to duck out of the heat and just pay the fee. I have a foreign corporation but luckily I got a US social security number and bank account and therefore will just set up a remailing address and use that to keep my rebills but most other foreign companies aren't that lucky.
I will for sure make VISA option more expensive and I will let the surfer know why. Lets all do it and I think we might even get to change something
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