Jettis passed Mastercard fines?

Penthouse_mike · 05-21-2003

If I remember correct here are the guidelines:

Criteria
Amount

Number of monthly chargebacks at least 15
And
A monthly ratio of CB dollar volume to
interchange Sales Volume
At least
2.5%
Or
A monthly ratio of the number of CB transactions
to total sales transactions
At least 1%

In month 3 and beyond, there will be fines, as follows:

Months 3-5 US $25 per CB per month and US $25,000 monthly fee

Months 6-7 US $50per CB per month and a US $50,000 monthly fee

Months 8-9 US $75 per CB per month and a US $75,000 monthly fee

10 months or more US $100 per CB per month and a US $100,000 monthly fee

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05-21-2003	#1
Penthouse_mike Members Join Date: Feb 2003 Posts: 17	If I remember correct here are the guidelines: Criteria Amount Number of monthly chargebacks at least 15 And A monthly ratio of CB dollar volume to interchange Sales Volume At least 2.5% Or A monthly ratio of the number of CB transactions to total sales transactions At least 1% In month 3 and beyond, there will be fines, as follows: Months 3-5 US $25 per CB per month and US $25,000 monthly fee Months 6-7 US $50per CB per month and a US $50,000 monthly fee Months 8-9 US $75 per CB per month and a US $75,000 monthly fee 10 months or more US $100 per CB per month and a US $100,000 monthly fee