The New Visa's Ratios - GoFuckYourself.com

Master_Yoba · 09-23-2003, 04:27 AM

Just got it from Rand at Epoch:

"Monday September 22, 2003

The New Ratio's are Coming...
In early July, we informed you of the upcoming changes to Visa's chargeback rules.
The date in which the new rules take effect is Wednesday October 1, 2003.

Your program, your very business, depends upon your ability to remain compliant
with card association rules. The majority of programs operating in this industry are
well within the ratio's required by Visa and MasterCard. Others are dangerously
close to exceeding the established ratios or have yet to meet them. Regardless
of any rumors or hearsay, the new Visa ratios go into affect in nine days. I am
including the following as a reminder.

The New Ratios
The new chargeback ratios that affect Sponsored Merchants are as follows:

1% overall Chargebacks to Interchange Transactions. This rule is effective 10/01/03.
All ratios are measured on a monthly basis on each Master Code (contract) and are
based upon the number of chargebacks and transactions, not the dollar amount.

These ratios are applicable to all IPSP's (Internet Payment Service Provider) and to
every Sponsored Merchant processing in Visa USA. (Visa International is also
expected to adopt these guidelines) .

Penalties For Failure To Comply
There are severe economic penalties for violation of the ratios. Those programs
exceeding the ratio may pay significant fines in the near future. Failure to become
compliant will result in the termination by Visa of your ability to accept Visa.
This means that your URL's, as well as your corporate name and the name of
the responsible party as listed on your Visa Registration, will be placed on the
Terminated Merchant File ("TMF").

The Status of Your Account
Epoch has worked very closely with it's clients to help insure those programs
willing to help themselves found the help they needed from us. If you have a
concern about your particular program, you may reply to this email with any
questions.

---Rand at EPOCH
Director of Corporate Communications
[email protected]"

chowda · 09-23-2003, 04:29 AM

ur alil late with the drama alert..

Master_Yoba · 09-23-2003, 04:46 AM

Quote:

Originally posted by chowda
ur alil late with the drama alert..

You're right, it's the drama...

Any similar news from other IPSP's?

goBigtime · 09-23-2003, 04:58 AM

the 1% visa rule is NEW new?

Or is it the same old rules where it doesn't apply (to visa) until you get more than 100 chargebacks in month?

What if you process 0 new transactions with that IPSP and get 2 chargebacks in a month (from rebills) ... is this a 100% (or 200%, depending on how they calculate things) rate under these new rules?

Man. I swear these IPSPS need to break down some example scenarios when they come out with these alerts.

goBigtime · 09-23-2003, 05:06 AM

And another question to Epoch, Ibill, CCbill or any IPSP who wants to post their response...

What if a webmaster just doesn't want to have the risk of liability for the ridiculous Visa / MC fines for going over their 1% rates? ---

Is it possible to email all remaining members, close their accounts (stop rebilling) & close the account with the IPSP? in order to stay out of the TMF in the event you want to work with Visa/MC in the future.

Master_Yoba · 09-23-2003, 05:06 AM

I heard something about 100 chargebacks in month from CCBill but Epoch nothing said about it. It looks like your worst scenario

lock · 09-23-2003, 05:40 AM

Quote:

Originally posted by goBigtime
And another question to Epoch, Ibill, CCbill or any IPSP who wants to post their response...

What if a webmaster just doesn't want to have the risk of liability for the ridiculous Visa / MC fines for going over their 1% rates? ---

Is it possible to email all remaining members, close their accounts (stop rebilling) & close the account with the IPSP? in order to stay out of the TMF in the event you want to work with Visa/MC in the future.

unfortunatly virtual suicide wont break any of them.

jollyperv · 09-23-2003, 05:46 AM

I can't wait until this happens....wait & see how many shady motherfuckers drop off the face of the earth...the renaissance may very well be coming

If you are ripping people off, you deserve to be put out of business. The honest webmasters have absolutely nothing to worry about.

skitten · 09-23-2003, 05:59 AM

Quote:

Originally posted by jollyperv
I can't wait until this happens....wait & see how many shady motherfuckers drop off the face of the earth...the renaissance may very well be coming

If you are ripping people off, you deserve to be put out of business. The honest webmasters have absolutely nothing to worry about.

I agree.

Visa really bugs, but this may be a beneficial way to eliminate the scam artists who are making it harder for the rest of us.

EvilToyBoy · 09-23-2003, 06:03 AM

Quote:

Originally posted by jollyperv
IIf you are ripping people off, you deserve to be put out of business. The honest webmasters have absolutely nothing to worry about.

I cannot fucking believe I just read this!!!

A logical, realistic and smart post here in GFY???

Agree 100% with jollyperv - we get upset when we exceed our usual chargeback ratio of 0.25%

Honesty IS the best policy

Master_Yoba · 09-23-2003, 06:26 AM

Quote:

Originally posted by jollyperv
... If you are ripping people off, you deserve to be put out of business. The honest webmasters have absolutely nothing to worry about.

Hey, the honest webmaster, what's about carding, dos attacks and other online shits?

09-23-2003, 04:27 AM	#1
Master_Yoba Confirmed User Join Date: Jul 2002 Location: Dagobah Posts: 1,273	The New Visa's Ratios Just got it from Rand at Epoch: "Monday September 22, 2003 The New Ratio's are Coming... In early July, we informed you of the upcoming changes to Visa's chargeback rules. The date in which the new rules take effect is Wednesday October 1, 2003. Your program, your very business, depends upon your ability to remain compliant with card association rules. The majority of programs operating in this industry are well within the ratio's required by Visa and MasterCard. Others are dangerously close to exceeding the established ratios or have yet to meet them. Regardless of any rumors or hearsay, the new Visa ratios go into affect in nine days. I am including the following as a reminder. The New Ratios The new chargeback ratios that affect Sponsored Merchants are as follows: 1% overall Chargebacks to Interchange Transactions. This rule is effective 10/01/03. All ratios are measured on a monthly basis on each Master Code (contract) and are based upon the number of chargebacks and transactions, not the dollar amount. These ratios are applicable to all IPSP's (Internet Payment Service Provider) and to every Sponsored Merchant processing in Visa USA. (Visa International is also expected to adopt these guidelines) . Penalties For Failure To Comply There are severe economic penalties for violation of the ratios. Those programs exceeding the ratio may pay significant fines in the near future. Failure to become compliant will result in the termination by Visa of your ability to accept Visa. This means that your URL's, as well as your corporate name and the name of the responsible party as listed on your Visa Registration, will be placed on the Terminated Merchant File ("TMF"). The Status of Your Account Epoch has worked very closely with it's clients to help insure those programs willing to help themselves found the help they needed from us. If you have a concern about your particular program, you may reply to this email with any questions. ---Rand at EPOCH Director of Corporate Communications [email protected]" __________________ WATCH MORE PORN

09-23-2003, 04:29 AM	#2
chowda Confirmed User Join Date: Jun 2003 Location: Gooch city Posts: 9,527	ur alil late with the drama alert.. __________________ Someone finds you... 2007 PS: Nationalnet is the best host I've ever had. And i tried alot of them.

09-23-2003, 05:06 AM	#6
Master_Yoba Confirmed User Join Date: Jul 2002 Location: Dagobah Posts: 1,273	I heard something about 100 chargebacks in month from CCBill but Epoch nothing said about it. It looks like your worst scenario __________________ WATCH MORE PORN

09-23-2003, 04:58 AM	#4
goBigtime Confirmed User Join Date: Nov 2002 Posts: 7,761	the 1% visa rule is NEW new? Or is it the same old rules where it doesn't apply (to visa) until you get more than 100 chargebacks in month? What if you process 0 new transactions with that IPSP and get 2 chargebacks in a month (from rebills) ... is this a 100% (or 200%, depending on how they calculate things) rate under these new rules? Man. I swear these IPSPS need to break down some example scenarios when they come out with these alerts.

09-23-2003, 05:46 AM	#8
jollyperv Confirmed User Industry Role: Join Date: Nov 2001 Location: NYC Posts: 3,927	I can't wait until this happens....wait & see how many shady motherfuckers drop off the face of the earth...the renaissance may very well be coming If you are ripping people off, you deserve to be put out of business. The honest webmasters have absolutely nothing to worry about.