Quote:
Originally posted by 123Jason@Dec 29 2003, 10:05 AM
Indulge me for a moment if you will. Effective in February, just a couple short months away, Visa/MC will be enforcing a 1% chargeback limit.
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It was my understanding that their enforcement of that limit went into effect on October 1st of this year.
Or rather, the limit went into effect on October 1st; chargebacks take 3 months to show up which would put the actual "enforcement" from that on January 1st...
Either way, the effect will be much the same that it was when the announcement came out.
Sponsors scrambling to get lots of low-priced transactions to reduce their ratio, other sponsors reducing payouts to discourage fraudsters and chargebacks, and still more sponsors turning up the shave machine and yelling about how they're *raising* payouts.
Some of them will shut down, some won't. *shrugs* Don't put your eggs in one basket, don't rely on just sponsors, be ready to be flexible. Just like any other time in this industry.