Quote:
Originally posted by Mike AI@May 22 2003, 03:30 PM
WOW!
All the people who rushed over there to save themselves the $750 now are regrestting it....
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Ah yes, Michael, you hit the nail on the head.
Now the US companies that are processing with out of compliant processors in non US regions are potentially about to truly screw themselves over and be terminated.
How, you may ask? Simple. You cannot acquire for the same site across multiple regions, that is against the rules entirely as it was explained to me by more than one person that should know. So if your primary is out of compliance, you can't just go and stick a compliant processor on and keep the rebills from the old one and process new sales on the new one.
Visa US is now handling compliance for Visa Intl I have heard as well, and you KNOW he's got a list of the fuckwits that thought they were so smart and could get around the rules, and he'll be coming after them all shortly I would guess.
It's just typical of this business, but at the end of the day perhaps it will weed out alot of unnecessary bullshit and we can all go back to more profitability. This nonsense about Visa having it in for all third parties is bullshit too I think, they simply want to see compliant processing done so that they can think to themselves they have done what they need to in order to maintain their brand image.