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AnnihilaT:
Interesting post. I never ever considered a webmaster was some kinda "affiliate" of a processor, but noticed this introduction of the term "Sponsored Merchant" to whom the processor pays "commission". Since when?
I only started reading the VISA form, (the one you pay em to give info about yourself), and just laughed. Going to have another look now - it may be that by signing this (which I sure as hell ain't!), you are entering into this "Sponsored Merchant" and "commission" deal and passing rights over that you currently have. Don't know... but I would not trust em with a dime..
Perhaps some processor can comment? But hell.. for the moment I may listen to opinions from a processor, but would still be sleeping with my lawyer till it was clarifed.
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