Ibill drops out of third party processing?
 

Does anyone know if this means they are going to stop processing unless you send them a voided US check and sign the contract or does this mean you open a merchant account for yourself through Ibill?



In order to continue to utilize the Service it is necessary for Client to open its own merchant account. Member Bank is a member of both VISA U.S.A. Incorporated (?VISA?) and MasterCard International (?MasterCard?) (each a ?Card Association?).

........................

Date: July 23, 2003

To: All iBill Clients

RE: MasterCard Compliance Contract Agreement

As communicated to you via e-mail dated July 16, 2003, iBill, as well as all other processors, will be required to initiate changes in the way aggregated clients (iBill Complete clients) accept and process MasterCard payments. iBill has negotiated on behalf of our clients a solution that provides the least possible disruption to current operating procedures, while offering several enhancements and maintaining the current iBill service offerings.

The iBill solution incorporates several features:

Improved Funding - You will now enjoy daily revenue settlement payouts.
Merchant Of Record - This requirement results in the client becoming the merchant of record to accept MasterCard.
Exclusive Customer Service - iBill will continue to provide unsurpassed billing customer service to all consumers purchasing goods and services from you, our client.
Chargeback Management - You will have access to a dedicated business group at iBill that will negotiate eligible VISA and MasterCard chargeback disputes on your behalf.
Fraud Reduction - You will benefit from iBill's extensive fraud and verification service.
Control Revenue Sharing Payouts - iBill tracks all sales and identifies both RevShare Client and the referring site (RevSharer) and provides CMI reporting for both.
The purpose of this communication is to provide you with a revised contract agreement. This agreement is attached to this e-mail and can also be found on our website at the following address: http://www.ibill.com/support/master...ntAgreement.cfm

When completed, this agreement should be faxed to iBill at 954-363-4409 (Attn: Underwriting). After faxing, please mail a hard copy of the signed agreement to iBill: 2200 SW 10th Street, Deerfield Beach, FL 33442 (Attn: Underwriting). Please note a voided US bank business check MUST be faxed back along with the contract. This is a requirement and will be necessary to complete your agreement processing.

We require that this agreement be completed and returned within three business days to iBill. Failure to return the contract agreement by August 1, 2003 may jeopardize your ability to accept MasterCard after August 21, 2003.

iBill is committed to providing a partnership with our clients as we help them remain in compliance with all card association requirements. Should you have any questions regarding this issue or the contract agreement, please call us at 866-379-6486 (toll free) or 954 363-4439. You can e-mail your questions to [email protected]

As always, thank you for your business.

Ahh thanks, damn GFY is just so fast these big posts can get lost too.

Looks like its just for not adult merchants who don't want to use the shopping cart bullshit. thats fine then

If it's a mistake then why does it say ALL IBill clients?