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All the 3rd party billing companies are exploring banking relationships in other countries. This is not the problem. We could all have banks in the 6 regions of Visa in 1 week. The problem is with the Visa Rules. Black in White lettering in the IPSP rules states COUNTRY not region.
The main advantage with the larger IPSP is the shared risk of the Visa ratios.
If you look at the numbers. Forgein Webmaster account for approx < 10% of the revenue. If Visa really sticks to the letter of their rules (no reason to beleive the will not) Then each billing company would have to setup in each country. So you have lets say 35 webmasters in a country. If one webmaster does something bad, then merchant account is gone, and risk the entire portfolio with the company having a TMF of not being able to process anywhere in the world? This would not be a very smart move for a billing company (same problem that has hurt smaller 3rd party processors that have gone out of business, Sypro, WTS, Digiblaze, Lancelot. etc)
Unless CCbill can get in writting from Visa that they will accept Regions, not Country as written in their Intenational rules. We would be exposing our 90%+ of US customers for <10% of the business. In my feeling this would be irresponsible as a billing company. We are working closely with Visa and we still have almost 45 days to resolve some of these issues.
Ron C
CEO, CCBILL.com
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