Visa Crack Down!!!!
 

I heard from a buddy that Visa is about to start cracking down on processors that are not following the cross boarder rules. This means if you are a US webmaster using a process in Europe they are not going to be able to process for you or they will be fined $25,000 per day. The only way they can do this is if they have a US merchant account. They are cracking down because many US webmasters when to European processors so they did not have to pay the $750 fee. This is why ccbill, ibill, epoch got EU merchant accounts. Anyone hear more about this as I moved some of my business to a European processor!!!!!


Help!!!!

This isn't new news is it?

hmmm.. if the US webmaster has a EU company though and partner they should be ok.

BTW, VISA won't give a shit about the $750. That's small potatoes. They are more worries about tax deferral issues as this seems to go hand in hand with the IRS.

:Hollering

So what is going to happen with all my EU rebills?

fuck Visa LOL

One would hope you have an EU company and weren't trying to get around the rules...

I wonder how much money they'd save if they spent this time cracking down on folks illegally disputing charges... oh wait, the bank eats that charge, not them. Fucking VISA.

So, when do these offshore processors notify US webmasters/companies to go get euro'd or leave their program?

I haven't heard shit about that yet from glo-bill...

"You heard from a buddy?"

Post a link.

Sounds like complete bullshit. Visa will crack down on any US-based processors who are already registered and who sign up non-US webmasters. But european and offshore processors are okay and don't have anything to worry about. This is old news and was discussed at length way back in October 2002. Search the posts.

I think your "friend" is misinformed.

Sorry wonton, I think you are the one with outdated information. It's my understanding from more than one source that Visa International put the brakes on cross border acquiring just like Visa USA did.

Someone posted some supposedly confidential corresponsdence from Visa Intl to their accounts in the last month or so that supported this angle to boot.

From my perspective on things, I'd be willing to bet that Visa Int'l puts a stop to cross border acquiring, ESPECIALLY for US companies that tried to beat the 750 fee etc, very soon now...

Thanks Kimmykim!! I agree because all the us processors have EU merchant accounts now and the EU processors don't!! I think it is just a matter of time!!!

Stands up and says

"Platinum Bucks is a US company"

sits back down and points to Serge and says

"Not American citizen but pay taxes to your governement so dont shit on us Canadians"

hehe!

visa is the newage mafia.

damm skippy...

If you are a US company, you need to be registered and processing in the US. If you are an EU company you need to be processing in the EU region. If you are Canadian as I understand it you are pretty much fucked at the moment... same with Australia unless you have either an EU or a US company, which most do by now.

I have a feeling this is going to be very strictly enforced before long.

Hey Kimmy, I'd like to f/up on what you said

Me thinks (based on some heavy hitting legal advice, together with my own chats with Visa) that if you have an EU company with a nominee Director, your EU processing shall be fine..

That said, Visa in their infinite wisdom could change the rules any dammed time they like, so watch this space

Cross border issues are all about tax.... tax and more fucking tax

My concern is more for the fact that the EU is currently working on how to best tax internet transactions. I also seem to remember that the US senate is also debating (now or soon) the possibility of taxing internet transactions as well

The first hurdle to taxing us guys, is to corner is into one clearly defind operational zone

There you have it - cross border acquisition = control of webmasters by both Visa and the governments = taxation and stricter controls on what we can and cannot do

Hugs
Daniel

bingo

So does this mean Glo-bill could run into problems now?

One would imagine anyone attempting to subvert either the letter or the spirit of the Visa rules could be in trouble. Who knows...

Here's some important info. we published on the subject at YNOTNews a few months back...

http://www.ynotmasters.com/news/ynew...002/page3.html

http://www.ynotmasters.com/news/ynew...702/page4.html

http://www.ynotmasters.com/news/ynew...702/page8.html

The problem with one of your articles LAJ concerning taxation in the United States and getting accounting advice is this:

When we were finally advised by the IPSP's that we (as non US residents) needed to register US corporations to maintain our rebill databases, we only had weeks to create our structures. So getting any advice was literally impossible. We had to have US corporations to protect our rebills, and that was that.

So now our URL's are all registered with Visa USA, the possibility of me acquiring anywhere else in the world has completely dissipated except for any new sites I build. And if I do build sites with EU billing, I will have two international tax treaties to contend with (other than my own country of course).

Currently I am faced with the issue of maintaining a correct position on taxation within the United States only, which has dramatically added considerable costs to my operations.

So in short, we have had no chance to minimize anything or prepare properly.

Our only saving grace is that we luckily built www.MultiBill.com some time back to handle all these issues (which it is doing very very well).

And as I type this, I have a pile of tax forms to fill out on my desk for my new US companies, which I keep putting off, but I know I have to do soon - agggghhhhh

where are you from HardProfits ?

He's in Australia morpheus --

HardProfits Can you hit me up on icq 3523650 or [email protected] please I have some questions and can't find an email addy of yours...

Cheers Mate
:thumbsup

I doubt it. They're always two steps ahead.

What I think Visa is gearing up for is to try and shut down all the porn in the US. At the last Internext they talked a bit about that. When Congress passed that bill to make it harder to get out of credit card debt, Visa/MC returned the favor to Congress and started doing all this registration shit. Congress can't shut down porn because of a little thing called the First Ammendment. But Visa/MC are not subject to this little consititutional technicality since they are private companies. So once Visa and MC register all those thousands of adult sites out there, they will then pull what American Express did and say "No more adult!" AND they will have a method to follow up to ensure that all those thousands of sites no longer use Visa/MC.

At the end of the day I think the only processors left standing will be Verotel, Glo-Bill, Globosale and the rest of the eurotrash* lot. It's Visa USA that is the extremist group. Visa International is much more lax.

*I'm not racsist. Just like the sound of that word. :winkwink:

Verotel, Globosale and Glo-bill all have a bunch of Canadian and Australians using them and seem to have no problem. Besides, Verotel is even set up as a "ticket master" not even an IPSP, according to their own emails, so they won't even come under any of that cross-border crap.

My money is on you being way wrong wonton :)

Wonton is always right. Check out all my conspiracy posts that prove my superior intellect and prophetic ability.

:Graucho

wanna place a little wager on things?

So if you're a US webmaster using glo-bill or one of the others....

how would this affect them?

is Visa gonna send out notices to all those sites?

is glo-bill gonna do it?

Yes! I'll wager my brand spanking new vette and three of my used condoms. Wadda you put up (must be of equal or greater value)?

:glugglug

I don't particularly care for new vettes, and your condoms are certainly not a collectors item...

try again

lol

I hate to admit it but i really agree with Kimmy here, and I will wager you anything you like (except used condoms - lmao)

Note to D0se: My ICQ is 92462894 or daniel at hardprofits

Note to Dan: shave head before coming to the states or watch out ;)

No one that I know of with an ounce of sense wants to see ANY processor go out for any reason, it only weakens the industry as a whole.

But the bottom line is that Visa is going to make this industry accountable for its problems and not just allow it to continue taking profits with no consequences for the crap that goes on.

Trying to skirt the rules is like trying to stay just a little bit pregnant.

Note to Kimmy: If I shave my head, what will you do :-0


Note to everyone else: choose your billing options wisely grasshopper, as the someone with a big fuckin stick is coming to your website soon

2nd note to Kimmy: I have been a little bit pregnant for a few years now (rofl) - whats wrong with that