"Yeah, it sounds to me like the big 3 (IBill, CCBill, Epoch) are trying to make us believe that this is a Visa International decision that all regions must follow, when in fact it is actually just a Visa USA decision.
Its also very suspicious how they made a joint announcement about this. Why would they do that? hmmmm....makes ya think doesn't it?"
Well.. they did say it is a VISA US rule!
BUT.. also pretty much confirmed in threads it is some global ruling - which it is not! Also introduced "countries" into the scenario to basically complicate the issue...
The joint announcement is the "club" giving no relevant notice to allow a smooth transition and causing panic in the hope that their recomendations that everyone open some US corp and get a Tax Code be adopted in a damage limitation exercise to retain their client base.
I am sure they are busy re-thinking that press release and taking steps to stay viable!
For me... if I lose a cent of rebilling, I will not be staying with em or going back to em - there are plenty others out there to use as processors and spread this risk element on rebilling.
Sure shows how the power of "words" can manipulate!