CCBill Visa Compliancy FAQ Page
 

I hate creating another thread about this subject, but I thought that this would be beneficial

CCBill has created a web site that will help answer some of your questions about the new rules and how you might be affected by them

www.ipsp-faq.com


That should help clear at least some of this up

Bam! There it is. Fuck Visa in the ass.

Ha, ha, ha. Visa is going to lose business instead of improve it. :1orglaugh

"VISA considers any downloadable, Digital Internet transaction, or Merchant Category Code 5967, as a ?high risk? IPSP and Sponsored Merchant transaction."

This is confusing. Does this mean this applies to mainstream sites too?

ha ha ha

merchants are going to lose 50% of their business overnight! (if they drop visa)

as is Visa.

this only apply to people using a 3rd parties merchant account ie ccbill, ibill and what not?? or does it apply to someone using there own merchant accont as well?

no, just the 3rd party billers. Visa already has merchant account holders leashed.

so basically, all we have to do is not elect to process VISA with CCbill, then immediately make them your secondary sponsor, if not cut off at all, and then go with Globill.

Simple, Painless, Free....No money lost initially and the assurance that Globill won't be charging me the yearly fee.

Because you know that Mastercard won't sit back and let Visa make all of this money without doing the same thing.

I love CCbill but I hate to say that I'm going to switch...I was planning on going offshore by next summer and this would fuck everything up. My wife hounds me every fucking day about my porn business. I can't have all of that info floating around for everybody and their mama to view.

Thank you CCbill for the exemplary customer service, the timely checks, etc. etc....But I have to look after my interests. I'll look forward to the continued exemplary customer service as I will still be getting recurring checks from you for some time after the switch.

Check this out: [from the FAQ]

Under the new regulations, IPSP?s are required to provide VISA with each Sponsored Merchant?s monthly sales, chargeback and credit data for each of the Sponsored Merchant?s billing URL?s. After review of this information by VISA, the Sponsored Merchants who are out of compliance on chargebacks and/or credit ratios may be terminated at the discretion of VISA. What are VISA?s ratio?s and have they changed?

VISA?s ratios for MCC5967 are as follows:

1% for Domestic Consumer Generated Transactions
2.5% for International Consumer Generated Transactions

These ratios have been in effect for some time now, and each IPSP is responsible for its Portfolio?s compliance to these governing ratios.
It is the responsibility of each VISA IPSP?s and Sponsored Merchant to remain compliant with these rules and help protect the VISA brand.
===================


So if you have more than 1 chargeback per 100 sales you're fucked? Hmmmmmm... "free" trials chargeback more than this rate, no?

absofuckinlutely. That's the plan man. :glugglug

If Epoch, IBILL and CCBILL don't give you the chance to refute fraudulent chargeback claims from members. Then this is a hopeless situation for all webmasters ??

:helpme :feels-hot

- When will there be an option in Webmaster Admin to check what percentage of my sales have been Visa cards?

- If we don't go with Visa, what happens to Visa rebills? I assume you can't process them.

- What happens to people who don't get this taken care of in time because you guys only gave us a month?

<font color="yellow">Any of you big number boys care to share a percentage on how many you think actually use Visa vs MC?</font>

What is the term (daily, monthly, yearly, lifetime) that the chargeback ratios are calculated on?

Again, they say "chargebacks and/or credit ratios" - are credits considered part of your chargeback numbers under this rule? I thought issuing credits upon request was not a bad thing?

If most of the "smaller" sites don't accept visa, is it possible that the "bigger" guys and the guys that filed the paperwork in US will have a sales boost if the user is looking for a site that takes visa?

-max

You are delusional.

I forgot the exact figure, but online porn accounts for a fraction of 1% of Visas daily transaction amounts. It is a SMALL fraction of 1%. On the other hand, online porn accounts for more than 50% (i think its almost 75%) of VISA chargebacks.

If every porn site stopped taking VISA, VISA would hardly notice.

free trials?

explain

US Based Bank Account Number...

Does this mean the funds must be wired to this account? Are paper cheques now defunct? Am I locked into a certain bank?

I suspect your numbers are wrong on transactions and chargebacks.

Kimmy Kim can tell us the real numbers.

Hehe, Im not a big boy but here is my breakdown from last month:

Mastercard: 21313.50
Visa: 32801.80
Discover: 12177.25
AMex: 13134.78

Visa takes the cake

calm down man....I'm in the same boat as you. I'm a smalltime niche webmaster who is making a decent living off of minimal traffic. I have as much to lose as you. Just switch to Globill next week and that's it.

Plus it said that webmasters who don't provide the information will still have an active account. It will just keep processing with the other cards.

Switch to Globill and cut CCbill off. Only use CCbill for your rebills. You won't have to worry about VISA transations with the other site. Your cash flow won't even go down. You'll just have to cash two checks instead of one.

high risk accounts for 2% of visa's total business, I believe thats what kimmykim said in another thread

[QUOTE]Originally posted by BVF
[B]so basically, all we have to do is not elect to process VISA with CCbill, then immediately make them your secondary sponsor, if not cut off at all, and then go with Globill.

Simple, Painless, Free....No money lost initially and the assurance that Globill won't be charging me the yearly fee.QUOTE]

except that likely over half of your rebills are visa rebills. all of them will be lost.

[QUOTE]Originally posted by quiet
[B]
That's what people seem to keep forgetting.. rebills. They aren't going to go thru if you don't pay the fee. Who can afford to lose their rebills? Not many people I know...

I can answer what I know...

Cindy, it is hard to refute a chargeback. If you go to a store or a restaurant, you leave your signature. Online, we have is an IP address, name, email, etc. It has been hard to ?prove? that a particular cardholder made that transaction. A good fraud scrubbing system will check various factors, such as chargeback history, IP address, AVS, browser language, etc to try to avert the fraud. CVV2 is another good tool. It is not very hard to keep under those percentages with a good site and the right tools


Not sure, but that is not a bad idea

- If we don't go with Visa, what happens to Visa rebills? I assume you can't process them.

you cannot process Visa rebills after 11-15 unless you are registered under Visa

- What happens to people who don't get this taken care of in time because you guys only gave us a month?

We did not have any time either. I wish that we had

I think that it is monthly, but I need to verify this



I am not sure of the answers to the rest of the questions, and i will post the answers when i get them, but you might be able to get a quicker answer by contacting your sales rep

if Visa earns 2% of their revenue from high-risk ventures, then they stand to lose 2% if everyone joins in the boycott.

Good point. From the tone of this pronouncement they will enforce this HARD. Shit, even if we issue credits to cover our ass, we still get fried. I emailed websitebilling earlier today--apparently, they will make an announcement soon re the VISA issue. According to the guy I contacted the new VISA rules applies to both US and International outfits.

Unfortunately, its just a drop in the bucket to the VISA member banks.

Here are a few numbers, and while it's been a couple months since I was in the processing side, I doubt that they have changed much.

Visa generally accounts for about 70% of credit card sales overall, followed by Mastercard with somewhere in the 25% range, and Amex, Discover, etc making up the difference.

Adult transactions for Visa are now well under 1% of their total business if the cumulative numbers for Visa's gross thruput I heard from last year are reliable, which I would believe they are.

Chargebacks on high risk transactions -- internet porn and gambling, along with telemarketing and a large portion of the travel industry (which are not so far as I know classed as high risk) -- make up a huge portion of chargebacks.

Chargebacks in these categories are nearly impossible to refute -- and the time it would take to have someone manually do all the documentation that the cc's require to reject a cb would outweigh the administrative cost assessed on accounts in good standing, meaning they are not being fined in addition to the admin fee.

Very few banks take high risk, and with the new Tier 1 capital requirements even fewer will be able to do so.

When a bank issues high risk merchant accts they are liable for any money the customer cannot cover -- i.e. a processor or web site goes out of business and has a huge chargeback situation, the bank must then cover it.

Visa/MC are geographic groupings of banks, i.e. Visa USA, Visa Latin America, Visa Europe -- and each of these organizations may, to some degree, set all their own rules. In certain cases they are bound by Visa International rulings which supercede their own decisions.

Should Visa International decide to remove a bank from a region, it is my understanding they can do so, therefore making that bank unable to issue cards or merchant accounts.

The most important thing in this situation is that ALL the Visas get together and discuss with each other, as well as with International, what they are going to do.

If I were a processor, I would be very careful what I did, since pissing off Visa USA or International is not a wise idea, especially if you are a business in the US trying to evade the rulings made by Visa USA. Don't think for one minute that Visa USA can't call up Visa Europe, Asia, International and say hey, you've got a merchant who's nothing but trouble, and cause plenty of problems for that merchant.

Mastercard has reserved the right to consider credits in the same manner as chargebacks for more than a year. I know of at least one company -- with their own merchant accounts that the rule was invoked on, and they were assessed a $25 fine per credit they issued as well as per chargeback.

I don't know about online, but I have been in retail for years and about 90% of the credit cards we run are VISA. Most banks issue your debit cards with a VISA symbol on them. VISA is definitely the industry leader. I think I see more Discover cards than Mastercard...maybe that is just a local thing...

I am calm. I will be paying the $750 and moving on, sticking with CCBill. (I don't trust GloBill's "solution" and I like my rebills.) I just wanted answers to the questions... So I have all of my options laid out in front of me.

So can someone from CCBill tell me for (2) and (3) if a Post Box will suffice and if it needs to be a tax id for a US company or can a US tax ID issued to an Australian registered business suffice??????

And if we do need to register an US company, would CCBill allow several current sites to be consolidated under one account.

Thanks for that info. That's very interesting. I wonder if that is what Visa is planning to do as well - to look at chargebacks and credits as the same thing, at least in some cases.

that's the big sticking point...rebills...I didn't see anywhere that it specifically says that the rebills will be lost. From the wording, it seems like any future transactions.

Maybe I'm wrong but a rebill should be something like a contract. If an agreement was made to charge his card BEFORE these regulations takes effect, some sort of grandfathering clause should exempt them.

But I'm probably wrong. That is the BIGGEST question that I need answered.

I'm tired of thinking about this. Time to smoke some ganja , lie down, and figure out what to do in my dreams.

Can I pay for my $750 fuck you in the ass fee with my Visa card?

if that was true, i'd be dancing in the streets - but i'm sure it's not.

What about Paypal? I haven't heard anything about them. Am I going to have to pay $750 for them too? Fuck...