Quote:
Originally posted by Maximus
Once a sponsored merchant is placed on the TMF it may never do business with an IPSP or gain a merchant account for processing Visa.
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This bit about the TMF / Match blacklist is at best a remote possibility.
If you actually were TMF'd it would be by the acquiring bank. And if they did list you due to the fact your processor mislead you they are opening themselves up for a liability lawsuit. It's very hard to find a circumstance short of criminal fraud where a 3rd party webmaster client would be blacklisted. Certainly they would not because Globill or whomever was wrong in their interpretation of Visa's regulations. Globill would bear the liability, not the webmaster.
There are a few lawyers who deal with TMF issues exclusively. It might be interesting to get an opinion on the new Visa regs from one of them.
I think it is entirely possible that offshore companies will be able to do as they are saying even if the USA regs forbid it. There is the letter of the law and the practical interpretation of it, and they may not be the same.