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Old 01-21-2004, 12:39 AM   #1
DatingGold
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Ibill EU

Ibill Europe...

OK are they 1% chargeback limit or 2%.

It's alway been 2% but now they are saying 1%. I think they just want to charge more penalties to anyone that goes over 1%.

I know for a fact Visa and Mastercard EU are 2%, so whats Ibill EU up to?

Luckily we're about .2% so we gots lots of room :-)
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Old 01-21-2004, 02:38 AM   #2
the indigo
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Visa EU is 2.5%

Ibill are bullshiters anyway.
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Old 01-21-2004, 03:24 AM   #3
DatingGold
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Visa EU is 2.5%

Ibill are bullshiters anyway.
you're right 2.5%.. so whats Ibill up to?
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Old 01-21-2004, 05:10 AM   #4
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I've cancelled my account with them, and this is just another example of why I was totally right to do so - I too got the email today telling me I was above their limits (I am below 1% using their own reports !).

EU is 2.5% I'm sure of it - and even if they are changing it to 1% I am *still* below it.

Their accounts department is full of morons and fuckwits.

First they hold the reserve for months on end throughout the year and now they pull this stunt.

Wankers
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Old 01-21-2004, 01:59 PM   #5
Shoplifter
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I thought Ibill was already debiting fees for chargebacks, does anyone know what is meant by "card association fees" specifically? Is this on top of other fees?

I am hoping that all of these issues will subside as their relationship with their previous bank now ends. Hopefully they will not be holding reserves any longer.

Very curious to see the coming wire and what is added or missing.
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Old 01-21-2004, 02:18 PM   #6
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fucked up
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Old 01-21-2004, 02:24 PM   #7
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They will be subject to 2% chargeback rules just as everybody else is in the EU. However, why let an aggregator's chargeback thresholds dictate how you do business? Get your own merchant accounts and do your own reporting.

Here are the details-

IncrediCash Adult Merchant Account Solutions

Adult Credit Card Merchant Account for use with Visa and MasterCard payments including standard product sales, memberships, recurring memberships and billing, and trials and upgrades. The account is held in the merchant?s business name with direct settlement of funds. The financial institution is a sponsored Visa and MasterCard acquiring processor in the European Union. All accounts are in US Dollars. The funds settlement window is a three-week period. All merchants must have a European Corporation, which we can assist with.

Application Details-

- Application due diligence paperwork must be completed prior to receiving an account. Once received background and due diligence activities will determine the credit worthiness of the client.

Merchant Account Details-

- Account Setup Fee $1,500.00 (due only on acceptence)
- Merchant Discount Rate 5.5% to 15% (determined by risk)
- Reserve Rate 10% 6 month rolling
- Transaction Fee $0.50
- Fraud Scrubbing Fee $0.45
- Retrieval Requests $35.00
- Chargebacks $50.00
- Chargeback Ratio Levels 2.0%

Account Requirements-

- Card Types Accepted: Visa and MasterCard
- Account Currency: US Dollars
- European Corporation Required prior to Account Setup
- Account usage must meet contractual obligations or it will be shut down.
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Old 01-21-2004, 03:10 PM   #8
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Quote:
Originally posted by IanUK
I've cancelled my account with them, and this is just another example of why I was totally right to do so - I too got the email today telling me I was above their limits (I am below 1% using their own reports !).

EU is 2.5% I'm sure of it - and even if they are changing it to 1% I am *still* below it.

Their accounts department is full of morons and fuckwits.

First they hold the reserve for months on end throughout the year and now they pull this stunt.

Wankers
What is also "weird" is that I hear some peple are being charged card associations fees for being over 1% during the period they state VISA EU was at 2%.

Also I just confirmed with the gratious Erin at Netbilling that Visa EU is still 2%.

So whats going?
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Old 01-21-2004, 03:36 PM   #9
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I just heard that the basic fee will be going up to 19%.

Add this on top of the held reserves and hidden association fees and it's getting to 40% or so to process with them.

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Old 01-21-2004, 03:54 PM   #10
Incredicash
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Quote:
Originally posted by Shoplifter
I just heard that the basic fee will be going up to 19%.

Add this on top of the held reserves and hidden association fees and it's getting to 40% or so to process with them.


IncrediCash Adult Merchant Account Solution

- Account Setup Fee $1,500.00 (due only on acceptence)
- Merchant Discount Rate 5.5% to 15% (determined by risk)
- Reserve Rate 10% 6 month rolling
- Transaction Fee $0.50
- Fraud Scrubbing Fee $0.45
- Retrieval Requests $35.00
- Chargebacks $50.00
- Chargeback Ratio Levels 2.0%
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Old 01-21-2004, 04:08 PM   #11
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Quote:
Originally posted by Incredicash



IncrediCash Adult Merchant Account Solution

- Account Setup Fee $1,500.00 (due only on acceptence)
- Merchant Discount Rate 5.5% to 15% (determined by risk)
- Reserve Rate 10% 6 month rolling
- Transaction Fee $0.50
- Fraud Scrubbing Fee $0.45
- Retrieval Requests $35.00
- Chargebacks $50.00
- Chargeback Ratio Levels 2.0%
So it's a merchant account setup? Can you do EU merchants and on what terms?
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Old 01-21-2004, 04:45 PM   #12
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Bump..Thought I saw an IBill rep posting the other day. Where he at?
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Old 01-21-2004, 06:16 PM   #13
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does ccbill do EU?
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Old 01-21-2004, 06:24 PM   #14
Adulter
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Quote:
Originally posted by Incredicash



IncrediCash Adult Merchant Account Solution

- Account Setup Fee $1,500.00 (due only on acceptence)
- Merchant Discount Rate 5.5% to 15% (determined by risk)
- Reserve Rate 10% 6 month rolling
- Transaction Fee $0.50
- Fraud Scrubbing Fee $0.45
- Retrieval Requests $35.00
- Chargebacks $50.00
- Chargeback Ratio Levels 2.0%
hmm.... 2%... sounds good...
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Old 01-21-2004, 06:30 PM   #15
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Quote:
Originally posted by johnny1
does ccbill do EU?
After being raped by globill and left out in the cold by probilling imnot gonna wait for verotel to fuck it for me....
this is what im gonna use in the next week or so i hope

http://www.ccbilleu.com
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Old 01-21-2004, 07:14 PM   #16
johnny1
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Quote:
Originally posted by doober


After being raped by globill and left out in the cold by probilling imnot gonna wait for verotel to fuck it for me....
this is what im gonna use in the next week or so i hope

http://www.ccbilleu.com
do you have a company in eu? im looking into the UK
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Old 01-21-2004, 07:50 PM   #17
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So what else is new with IBILL.
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Old 01-24-2004, 03:41 AM   #18
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Quote:
Originally posted by mmaisonet
So what else is new with IBILL.
they corrected themselves. Visa EU is 2% as regulated.
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