2004 VISA Predictions
 

So, any rumors about credit card processing in 2004? Fees changing, chargeback ratios being enforced even more strictly, Mastercard fees, etc.?

Ibill is hitting clients with card association fees. Just got the email today.

Higher fees and lower chargeback levels = more extortion.

:helpme

8 more to go, congrats

Thanks EB, I think I love you. I'm going to talk dirty to you on ICQ when I make it, and you're going to like it since I'm almost a big time player now.

:1orglaugh

Yeah they are saying anything over 1% you pay fees, even if your limit is 2% on the EU network. That pretty pathetic, I guess the good news is if you are under 1% you have nothing to worry about.

what he said...

EB is not a she.

Actually I got that mail too and had only 5 (FIVE) chargebacks in the whole year 2003. And no, my sales are not THAT low :Graucho

Anybody received this month's payment from ibill eu?
I can not see my payment details or my check in CMI for this month yet.

Got the wire for 1/5 but still missing the one for 1/19. I just mailed my acct. rep. ... guess they are resolving some "issues" :disgust

Bye Bye recurring for 3rd party processors

We'd been hearing all this year about MC following the VISA path, so guess it will be it. It is possible that VISA will put a little more pressure, wether lowering CB ratios or charging more, maybe a monthly fee. If so, loads fo newbies and wannabes will get outta biz, so prepare yer wallets for some nice sites for coins :thumbsup

Supposedly more Visa *and* Mastercard regulations coming down the pike in March.

Don't expect the big 3rd-party billers to tell you anything about it though; remember how long they knew about the last one and sat on it until there were just a few weeks left to comply?

Does YOUR income rely on 3rd party recurring billing?