I do not think recurring will be removed as an option, however VISA/MC will keep lowering chargeback rates, so processors and sites will be at risk if they do recurring as done in the past years. The solutions they could do, might aswell mean the end of recurring for most sites.
Scams will still be here - they will just adapt... setting up offshore and onshore companies with a lifetime of less than 6 months. They do not need an adult merchant account to do these scams, since they are not planning to stay in business for a long time, do not have to pay taxes because there are no money in the corps, when the taxman wants his cut etc. Banks have shown they are too slow to stop these scams, so the only way to stop this in the long run is if the police/legal system starts to work together international.
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"Chaos is the law of nature, order is the dream of man."
~Henry B. Adams (Historian) 1838-1918
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12-22-2003
Hybrid Mode
