paypal and mastercard fee
 

so there wasn't a mastercard fee associated with the new regs at ibill, ccbill, or epoch ...

but i just got an email from paypal - and they are going to have a $500 visa fee and a a 1000$ mastercard fee

I got it too
Now fucken Mastercard wants fees too?

yeh, i'm wondering. haven't heard from ccbill/ibill yet - thought they just wanted their logos pulled - -

i guess we'll get another email shortly

Somebody *please* post the letter. I use PayPal, and I never got one.

Dear Merchant,



We would like to update you on new Visa & MasterCard regulations that affect the way Internet Payment Service Providers (IPSPs) such as PayPal conduct business. Both Visa & MasterCard require high-risk merchants to complete a registration form, pay an initial registration fee, and pay renewal fees on an annual basis (details below).



We value our Merchants and are dedicated to providing you with the high quality service to which you are accustomed. Please note that these fees are imposed by Visa and MasterCard, not by PayPal. In keeping with PayPal's core policy of not charging set-up costs and/or annual fees to our Merchants, PayPal (in contrast with many IPSPs) will not add any additional or hidden costs to these Visa & MasterCard fees.



PayPal, like all other IPSPs, must comply with the regulations. In order to assure your continued access to PayPal's transaction platform, we need you to provide the requested information by November 1st. If we do not hear from you by the close of business on November 1st, PayPal will be unable to process your transactions until all such information has been submitted.



While some IPSPs have announced that they will cease processing for non-US merchants, that is not the case with PayPal. PayPal will continue to process transactions for high-risk merchants in the United States, Canada and Europe through our existing banking arrangements in these areas. In addition, we will continue working to expand our banking relationships worldwide.



Below is a summary of the requirements for both Visa and MasterCard:



VISA:

* Visa will require an initial registration fee of $500

* Visa will require an annual renewal fee of $250

* Paypal must provide Visa with monthly sales, chargebacks and refund information on each Adult merchant.



MasterCard:

* MasterCard will require an initial registration fee of $1,000

* MasterCard will require an annual renewal fee of $500





We will be sending another email out shortly requesting the specific information we will need to bring your business into compliance with the new regulations. We will also provide instructions on fee collection.



Should you have any questions, please send an email to [email protected]. We will endeavor to respond in a timely manner.



Very truly yours,



The PayPal Team

lol holy shit the sky is falling

paypal isn't charging the extra 250 on top of visa hmm ... they r their own merchant bank?

wonder how long the 3 stooges will wait 2 tell everyone about the sudden BIG mastercard fees :winkwink:

"high risk merchants". Man what a witchhunt. Who decides who is "high risk"? Asshahahahaha himself? WTF?

Anyone know how they are they determining who is an Adult Merchant?

"high risk merchants". Man what a witchhunt. Who decides who is "high risk"? Asshahahahaha himself? WTF?


Um.. Asshahhahaha is not what I typed. IT was "Ashhahahahaha" with an Ass. WTF was that, censorship here?

Ok, we'll go for number three. I typed our AGs last name in there. IT was fucking censored. Fucked up.

lol maybe its a preview of things 2 come

i've been trying to email the sniper our att. general's address 4 a week!

:thumbsup

Curley here from The Three Stooges�E

EPOCH has not been informed of, nor have we even heard anything like this even rumored with respect to MasterCard.

Having said that, nothing ever surprises me with the Card Associations.

If we are given notice or hear anything we will post the data. In the morning we will call our banks. Email inquiries have already been sent as a result of this post.

A question for you guys for a change: Is PayPal confirming in writing that they are staying in Adult (MCC 5967) after the eBay sale? Prior Press Releases said they were getting out of all High Risk after the sale.

Thanks.

Chris
EPOCH CEO

Just got Ibill's :mad:



Dear iBill client,

In order to be compliant with the new Visa regulations announced Oct. 4, we will need you to complete our online registration form. Visa will use the data you provide on this form to process your registration.

Please use the following steps to complete the form by Wednesday, Oct.
23:

Step 1: Link to login page for the online form. www.ibill.com/signup/re_signup_login.cfm

Step 2: Enter the following information to access the form: Email address:
Password: *******
Sponsored Merchant ID: *******

Step 3: Review and agree to the iBill Terms of Service.

Step 4: Complete the iBill Sales Agreement. The agreement contains the following fields:

Change Password: You are required to change your password to one of your own choosing Merchant Name: This is the legal name of your company. All of your websites/URLs will be associated with this name. This name will also serve as your "pay to" for all future payouts. Merchant DBA "Doing Business As": Your identified name Merchant Address: Merchant City: Merchant State: Merchant Zip: Merchant Country: Incorporation Status: (sole proprietor, limited liability corporation, corporation, partnership, non-profit, other) Tax Payer ID/Social Security Number Merchant Secondary ID (drivers license, passport) Principal's First Name Principal's Last Name Principal's Address Principal's City Principal's State, Province Principal's Zip Principal's Country

Step 5: Confirm your iBill master account and URLs. If you are missing master accounts or URLs, please contact your account manager or our client service team.

Step 6: Pay the registration fee. To cover the fee, iBill will deduct $750 from your next payout. If you do not have $750 in sales to cover the fee, you can pay for your registration via credit card.

Please make sure to keep this E-mail address and password, as you will need them to make any changes to your account in the future. All changes that formerly required a signature (i.e. changing your pay out information, changing your authorized agent, or adding a master account) will now be done online at https://www.ibill.com/merchantinfo. In order to login to this secure section of our website and request changes to your account, you will need the E-mail address that this E-mail was sent to and the password you selected.

Thank you for taking the time to complete our online registration form. We appreciate your business as well as your trust in working with us. Please contact your iBill account manager or our client service team if
you have any additional questions. You can email us at
[email protected] or call us at 866.424.5557 (US) or 954-363-4931 (International).

Thank you,


Garrett Bender


Stay Rotten and stay pissed

I dont use paypal , but out of curiosity would it apply to people that sell tangible merchandise. Such as content providers.

or is this just for people that use paypal as a recurring option on membership sites.

VISA considers any downloadable, digital Internet transaction, or Merchant Category Code 5967, as a high risk transaction

from paypal's point of view - business to business net based sales - don't fall into that category.

:glugglug

I use PayPal ONLY for my content site, and I just logged-in, nothing there at this time that I could find anywhere about the situation. Also haven't received any e-mails from PayPal regarding anything on Visa/MC.

:stoned

It only pertains to Paypal users who offered subscriptions.

I called some of my friends who just use Paypal for regular sales, nobody but me got that email..

I am a High Risk Merchant and use Paypal for subscriptions.

I tried closing my account with PayPal so in case they do something slimy and deduct that fee from my bank account. UhM, there is no option to close the account period.

I guess I now have to call them.

:BangBang:

Paypal doesn't allow you to cancel your own acc't, start the bank xfer now if you want to save your money.

Pass the lube anyone?? :Kissmy

yeah... you can't cancel a paypal account... but you can remove your bank info from it. :Graucho

actually
if you go to "profile" under "account information" you will see at the bottom "close account"
i haven't received an email yet from paypal
i only use them to sell tangible product, so i'm still hoping:(

I found it thank you so much
Click the button below to close your account.

All unclaimed payments and pending money requests will be automatically cancelled.

A check for the balance of your account minus applicable fees* will be sent to your street address.

*Due to the $1.50 check processing fee, if your balance is $1.50 or less, you will not receive a check.

I just transferred all my money out of it.. I have to wait until it clears or they cancel it and keep it

I spoke with the "correct" people at Pay Pal today and here is what I was told. If you don't use PP to do any downloadable, digital Internet transactions then none of this crap applies to you. Actually if your not affected by this and use PP for non adult processing then you only pay a 2.2% fee, so thats not bad at all.
If you do use them for your adult sites, well your fucked with them as well as all the others:(

I'm very curious to see what happens on Nov15th?? I mean are there really going to be thousands of sites out of biz due to No merchat accounts or processors??...

In all probability, yes.

My question is, is this the other shoe dropping, that I have spoke of before. Why would the Master Card fees apply only to PayPal?

So I asume this will apply to content providers and anyone selling software too - even non adult, unless of course we all start shipping CD's which will get around the downloadable bit I guess.

How the hell are paypal going to manage this - they claim 20 million members now and obviously they arent all active but its still alot of members.

I am assuming that the ones getting this email are using Paypal's membership script, but there are 3rd party options for that so you could avoid detection that way - until of course you start getting chargeback requests and they investigate the account.

Actually your wrong just because you use another script on your end, paypal still has to have the API turned on at their side for you to do subscriptions and have it be automated. Once you turn that option on for your account, a set of eyes from paypal's support team hit it, and then put you in high risk, or not categories :(


Tim
:Graucho

Thats why i only take cash and gold bullion.

I have IPN turned on for my account and didnt get the email.

Maybe they didnt classify content sales even though they are adult as high risk.

that you got fucking gringos for voting Bush into office.

Now eat your own shit.

maybe turn off IPN then turn back on after nov 15th?

Great, more good news... :(


"El Demonio", last I heard Gore won the majority of the popular vote, so just under half of the "gringos" voted for Bush. ;)

Will this apply to international PayPal accounts ?

Have any International Paypal Users received this ?

I havn't received anything.

doesnt paypal email the fuggin user anyhow and they have to confirm the rebill?

just make scripts on cron 2 send them the emails yourself, how fuggin hard is it, just click send money instead of 'yes' and its automated

if u are doing a large transaction # through 1 paypal acct ur probably going to get frozen after a few complaints anyhow

time 2 switch to a cash only business! lol :1orglaugh

o well back to selling crack and weed! :smokin

marc de might hire u to code video games

or batto might hire u to take photos for his mainstream mag

notice a pattern ... when the ftc shuts MaxCash and paypal cans ARS ... the world is definitely against u lol

maybe us small fries can slide under the radar

u want to see the fur fly wait till congress passes anti-spam legislation and all the adult hosts go up like popcorn

i've got my spot on the street corner in TJ all picked out :thumbsup

Jayson: we started adoption of a fedexed CD last week actually due to this.

theking: The mastercard fee has been known about for almost a week now, yet only paypal has announced it so far. So yes, this will be the other shoe. Unfortunately, things tend to happen in three's.......

Whats the final straw......

Anyone have to pay?

Is it a good idea to accept money only by paypal? how many sales (in %) will be lost because of this? Any estimates?

Bump....

Anyone have to pay the fees?