Third Party Processing is now categorised as Non-Compliant
 

We?re delighted to announce that Metacharge has completed the migration to a card scheme compliant ?direct merchant account? service model.

All Metacharge merchants now trade under their own named accounts in accordance with the latest Visa and Mastercard directives.

Third party processing is now categorised as non-compliant by the card schemes. We invite any merchant still using a third party account to apply for direct merchant status to safeguard their ability to accept card payments.

where are you using Metacharge? I like their system, but expensive fees....

Whachu talkin 'bout Willis?

http://www.declicmag.com/html/28/file/f10.jpg

There have been various rumors about 3rd party processing being non-compliant over the past few months that i have been privy to.

Still waiting on a confirmation or rebuttal of these claims from some of the processors directly.

Regards,

Lee

Anyone know if this is true?

If this is true, its the end of CCbill, ibill, verotel (? if it applies to on US based bizs as well) and a few others...

Lots of changes coming up folks.

It'll fuck up a few mainsteam businesses as well but then again its easy for them to get a merchant account and their C/B risk is minimal.

Let me get this straight . . . it is your contention that all 3rd party processing is now Visa an MC non-compliant?

When did this become effective?

That is an email I received from MetaCharge... I know they are pretty solid in the business so I'm only the messager :)

Perhaps the folks at Metacharge or whatever it's called should research and understand the difference between third party processing (otherwise known as unregulated aggregating in most cases) and legitimate IPSP models.

Do they also have some news on Chicken Little for us all?

Sounds to me like they are just trying to scare people into using their service.

:1orglaugh :1orglaugh you crack me up Kimmykim

I agree.

Companies like paypal (for those who do mainstream things), moneybookers and iKobo help one in accepting credit cards without the need of a merchant account. Wouldn't that make them third party processors which consequently would make them non-compliant?

It's much ado about nothing They are just trying to ring up some end of year business...:2 cents:

It's good that we got a merchant account then. Just need to activate it.

A voice of reason.

Ditto what she said.

the thread title is misleading, moron

Cypro/Globill, is that you?

i doubt it.

I too have heard pretty much the same thing and even that a ccertain 3rd party processing company has about 6 to 7 months tops before they go IBill on everyone. I can't give away my source, but it's pretty reliable.

Im wondering if its the same processors that i have been hearing about.

Glad to see im not the only one having access to this information.

Regards,

Lee

:uhoh

Any hint as to what billing co that might be? :)

I love all the rumors about this processor and that processor. As we've seen in the past, don't count a processor out until they are truly out. Hell, at this point, I wouldn't be surprised to see IBill put their shit out of the can and get it back up and running.

Rumors are just that.

You're an idiot. I'm sorry, but these posts you make are ridiculous. No one beleives you.