i have heard two distinctly different stories now and i am not sure which is true.
version 1: Chargebacks will be lowered to 1% for everyone processing Visa transactions in the US. if chargebacks go over 1% you get warning etc. if chargebacks go over 100 per month, you get both warnings and you pay a fine of $100.00 per chargeback.
version 2: Chargebacks threshholds will be lowered to 1% for people with more than 100 chargebacks per month. the fine per chargeback for each one over 100 will be $100.00
conversations on both here and GFY and elsewhere left me with the impression that the rules really only are targeting people/companies with 100 or more chargebacks per month.
i see from Epochs announcement(s) by e-mail that they talk about 1% but not about 100 chargebacks per month.
Mitch from Netbilling says that version 1 is true, the rules will be for everyone, even smaller companies doing low transaction volumes.
does anyone know which version is more correct or where to find some more definitive information?
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