Nov 1st, or Nov 15th?
 

i've seen both dates mentioned many times in many different threads.

can anyone confirm the date these reg's will take final effect? ie: the date that processing of Non-US based companies without a 'US presence' (whatever that ends up meaning) will cease... thanks

I've found articles about these regulations on mainstream news sites, but I can't find *anything* mentioning this on Visa's site or on Mastercard's site.

Strange, eh?

Quiet, I know you use IBILL - I do too.... I asked about these new regulations and when we can expect an official IBILL notification and they said it will probably be send out next week.

I am waiting for an official email because the stories of the processors on this board seem not to be the best source to get your information from.

:glugglug

According to this link on AVN, it is Nov. 1st to have your paperwork in order and be in compliance, Nov. 15th to have the fees paid.

Hope I did that URL code right.

everyone just take ten deep breaths...... and quiet stop over-reacting for board purposes.....you you know damn well what to do

just have a cheeseburger, with extra bacon

agreed. my c.a.m. is 'out of the office' until Oct 3 lol. so you heard sometime next week - were you able to talk with your representative? it would be nice to get solid information before then.

i'm looking at several alternatives, but don't want to take an real action until we get an official, detailed statement from ibill. reliable information is a wonderful thing :glugglug

just bumping this thread to hear if anyone else has heard the following from ibill. my rep has now told me (apparently after bringing up the question during a meeting:

it would mean an extra 15 days to work out possible solutions. i'm not sure i should even believe it - with all the bs flying around.

My understanding is that the registrations must be supplied to Visa by the 1st, and that IPSP's will not process for anyone who is not registered or paid by Nov 15th.

On the CCBill IPSP FAQ it says that registration was to start as of Oct 7. Did any CCBill clients receive anything from them?

I have to ask, did she tell you anything productive that might favour Canadian webmasters?

nope. the extra 15 days would be very nice though - and i asked her again to confirm the 15th - and she said absolutely. who knows...

Don't be in such a fucking hurry!

They'll let you know on either the 2nd or the 16th whether you're in violation, and then immediatly shut you down.

No worries.

this is straight from the inside of ccbill's admin area ....


Below is a summary of the requirements for Visa that we must implement by November 1st:


VISA

Each Sponsored Merchant must complete a registration form that we will submit to Visa on your behalf. A form will be provided to you by each of us, electronically, as soon as possible. Some of the data elements required are: company name, address, transaction counts, dollar volumes, URL?s, etc.
An initial registration fee of $750.00 per company (not per url) will be charged to register each Sponsored Merchant. $500.00 of this fee is payable by the Acquiring Banks to Visa, the balance are administrative fees to the banks and processors. These fees are due November 15th.

Mastercard

The MasterCard logo cannot be displayed on the client?s sites.
Several other rules will be changed and we will advise you as soon as these are solidified.


October is the month to implement these changes. We expect the transition should be a relatively smooth process. The following is a timetable for preparing for the November 1st deadline:

By October 8th, we will begin the Visa registration process. We will email you a form, which must be completed immediately.
By October 15th, we will have a Privacy Policy up on our Join Pages.
By October 15th you must have all MasterCard logos removed from your sites


I don't know if that cleared anything up for anybody...

thanks for the post - but like i said, my ibill rep is telling they will continue to process till th 15th of Nov.

*sigh*

I'm not sure they should/will process past nov 1.

visa is saying you have to be in compliance by nov 1. so on oct 31st - you need to have a company set up in a country the biller has a presence - and that you need to have your registration form submitted.

I think the only thing special about nov 15 - is that they are giving people a few more days to get their registration fee in.

Technically it doesn't sound like the processors would be allowed to process for anybody that isn't in full compliance (cept for not paying the fee) after the 1st.

I'm baffled by your situation quiet - you've been talking about serious dollars that are at stake if you lose your processing. Surely you have done business with enough people - that you have a couple US firms that you trust enough - that you could partner with which would allow you to keep on earning ....

hell no, i don't trust anyone in this business :) calculated risk, sure.

my current plan is to possibly move my rebills to someone else's merchant account (that runs their account through ibill). still waiting to find out if it can be done...

yeh. the key there was - trust enough - to feel pretty good about entering into a deal - cement it in some good legal framework - and put the fear of god in them if screw with your money they will be missing family members when the sun rises the next day.

hmm... i have an ibill account ... and i'm just a stones throw from you. =)

In my case partnering with anyone is a last resort. Serious money seriously corrupts and in my experience partnering has never worked.

It would be far easier to just buy someone's business in the USA.

This is turning into a Kafkaesque nightmare as even those of us who have resources may not be able to resolve it. As well there is a cost, I am out about $2k CDN so far for a LLC that may be useless and a preliminary retainer for my lawyers here.

The next day or two will be decisive I believe. There is no way the silence from the IPSP can continue past the 15th.

My email address is current but I've received NO emails thus far. If it wasn't for the fact that I check into CCBill's admin area fairly regularly, I would have no idea this was even happening (although word of mouth may have passed the news down eventually). :NopeNope

But no, not a word about the forms or any details nailed down so far. It's now October 14th, so I assume something will start by Tuesday (Monday, today, being a holiday and all).

Glad we've made contingency plans. :glugglug

i got an email on the 5th from ibill....it said they were going to start the registration process on the 14th

ccbill sent out an email on the 3rd (joint statement) and on the 10th.

the one on the 10th said "Currently, our Executive Officers are meeting with our acquiring banks and we are hopeful that we will have clarification of all the outstanding issues for you by early next week. Originally, we had hoped and planned to have everything clarified, and have our systems in place to begin your registration process by October 8th. However, after careful review of the current facts, we believe it is in the best financial and logistical interest of our clients to wait until we have all the necessary answers from our acquiring banks."

and that's all the news that's fit to print...