can anyone clarify the new Visa policy..

JR · 08-05-2003

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?

08-05-2003	#1
JR Members The global leader in pay-per-view AEBN Join Date: Jan 2003 Location: in my chair Posts: 3,320	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? __________________