Quote:
Originally posted by Peaches@Dec 30 2003, 05:21 PM
I think *I* missed something.
Is Discreet Card, VisaBuxx, Epassporte or any "pre-paid" card required to adhere to the same chargeback rules as a regular MC or Visa card? Are you protected against fraud the same way?
IOW, if I have one of these cards, can I still do a charge back against an adult site and if so, do Visa and MC still count that against a sites ratios? What about check cards which carry the Visa/MC logos?
Sorry if this has been discussed before, but it's the first time I've thought of the question. We hicks with third grade edumacations and one tooth are a little slow. 
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While I cant speak for other companies, since I have no clue what their relationship is with banks or card companies, ePassporte is a true Visa card issuer, just like Bank of America or anyone else. It's not a co-branded card product that simply has our logo on it.
The product itself is structured in a manner that makes it very different than just a surfer using a card to buy porn. We are a non-high risk transaction, and by our agreement with Visa, we don't accept high risk transactions unless a prior contract is in place with the merchant, not the consumer. The risk management levels are drastically different by managing the system this way. The chargebacks are not counted in the same way either, though no system is chargeback proof and at some point merchants with excessive chargebacks do have issues, though at much different threshholds.
ePassporte also has the ability to manage peer to peer transactions, bypassing the Visa system entirely and once again changing the risk managment parameters. One of our new features is quite a frontrunner in the peer to peer market, unless I've missed something on Paypal and other sites lately as well.