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homegrownmof · 12-08-2003

Thanks for the response RedEye. Definitely one of the more informative threads out there.

What about this scenario:

You say "it is forbidden to run transactions for a third party through an aggregate merchant account".

What if company A loses its merchant accounts, it goes to company B and says "hey, run my transactions and I'll make a side deal to give you a small percentage on the back end".

Thus it looks like the site(s) of Company A are now under the "ownership" of company B. Yet they are really just under the "processing umbrella" of company B.

I guess neither Visa nor the acquiring banks can really police the "aggregating of 3rd party transactions".even if they track the ownership of each individual url.

12-08-2003	#117
homegrownmof Members Join Date: Oct 2002 Posts: 92	Thanks for the response RedEye. Definitely one of the more informative threads out there. What about this scenario: You say "it is forbidden to run transactions for a third party through an aggregate merchant account". What if company A loses its merchant accounts, it goes to company B and says "hey, run my transactions and I'll make a side deal to give you a small percentage on the back end". Thus it looks like the site(s) of Company A are now under the "ownership" of company B. Yet they are really just under the "processing umbrella" of company B. I guess neither Visa nor the acquiring banks can really police the "aggregating of 3rd party transactions".even if they track the ownership of each individual url.