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?

Hooper · 08-05-2003

Epoch, CCBill & Jettis are right. Fewer than 100 chargebacks in a month and you are subject to a higher allowable %. More than 100 and you are subject to the 1% rule. Never heard anything about a $100 fine.

JR · 08-05-2003

thanks Hooper.

this was not making much sense to me.
http://www.netpond.com/threaded/showthread...=&threadid=4784

it seems that there are 3 almost independent forces at work and its hard to get a straight answer.

1) Visa and their rules, policies and descretion
2) the merchant bank, their rules, policies and descretion
3) the IPSP, thier new policies and rules to try to stay alive.

BradShaw · 08-05-2003

From what I understand being an Epoch client is it $100 per CB over 100 a month, if you are over 1%. Under 100 CB's total for a month there are no fines, but Epoch could choose to drop you as part of their risk management.

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? __________________

08-05-2003	#2
Hooper Members Join Date: Oct 2002 Posts: 1,156	Epoch, CCBill & Jettis are right. Fewer than 100 chargebacks in a month and you are subject to a higher allowable %. More than 100 and you are subject to the 1% rule. Never heard anything about a $100 fine. __________________ Quickbuck is paying $100 Per trial join.

08-05-2003	#3
JR Members The global leader in pay-per-view AEBN Join Date: Jan 2003 Location: in my chair Posts: 3,320	thanks Hooper. this was not making much sense to me. http://www.netpond.com/threaded/showthread...=&threadid=4784 it seems that there are 3 almost independent forces at work and its hard to get a straight answer. 1) Visa and their rules, policies and descretion 2) the merchant bank, their rules, policies and descretion 3) the IPSP, thier new policies and rules to try to stay alive. __________________

08-05-2003	#4
BradShaw Members Join Date: Jun 2003 Posts: 1,216	From what I understand being an Epoch client is it $100 per CB over 100 a month, if you are over 1%. Under 100 CB's total for a month there are no fines, but Epoch could choose to drop you as part of their risk management. __________________ please report me to the IRS and get reward