Quote:
|
Originally Posted by Dravyk
Aha! Caught you in a flaw, HP. 
Surfers aren't entitled to monies back because they didn't get short-shrifted in the first place; they paid the correct amount and had the correct amount taken out. It is the sponsors -- and revshare webmasters -- who did not get an accurate tally from VISA/MC.
As for the processors, we will have to see how this is going to be handled. It's quite possible sponsors who used IPSPs will send VISA/MC their gross sales amounts and the court will direct them to pay the merchants back directly. If it does go to the processors, I have a feeling they will pay. Afterall it's pretty much only two companies this industry has to deal with now adays. |
I'd have to fish out my contracts to be absolutely certain, but I dont think the "transaction charge" applied by the iPSPs says anything about the MC/Visa charges and instead just says "13.5%", "14.5%", or whatever deal you managed to negotiate based on your volume. It isn't stated as some caclulation of the "MC/Visa charges plus an additional X%".
In which case, if that's what they took out, then your check was calculated properly.