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Old 10-04-2002, 03:42 AM   #1
theguy
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Default ccbill & visa new policy

Dear Webmasters,
CCBill, EPOCH / Paycom and iBill would like to jointly inform and update you on several new Visa regulations that will affect the way we, as Internet Payment Service Providers (IPSPís) and our clients conduct business. Visa has mandated that a new, unique set of operating guidelines will be implemented by November 1st. These rules are worldwide, not just in the USA.

Under the new Visa rules, iBill, CCBill, and EPOCH / Paycom along with other providers in our market space will be considered IPSPís. An IPSP is a company that provides a broad array of services and has financial responsibility and liability for merchant accounts whereby you, our clients (Sponsored Merchants) are allowed to process and settle Internet transactions.

It is our mutual responsibility to ensure that we fully comply with all regulations implemented by the card associations. We are committed to seamlessly implementing the new regulations while retaining a business model that is good for the industry. Below is a summary of the requirements for Visa that we must implement by November 1st:


VISA

Each Sponsored Merchant must complete a registration form that we will submit to Visa on your behalf. A form will be provided to you by each of us, electronically, as soon as possible. Some of the data elements required are: company name, address, transaction counts, dollar volumes, URLís, etc.
An initial registration fee of $750.00 per company (not per url) will be charged to register each Sponsored Merchant. $500.00 of this fee is payable by the Acquiring Banks to Visa, the balance are administrative fees to the banks and processors. These fees are due November 15th.
An ongoing annual registration fee of $375.00 will be charged. $250.00 of this fee is payable by the Acquiring Banks to Visa, the balance are administrative fees to the banks and processors.
Sponsored Merchants must be approved by Visa for processing Visa transactions under the new rules, and will be checked against Visaís TMF list (Terminated Merchant File) and the MATCH File, a joint Visa / MasterCard database. You are obviously processing now, so that service will not be interrupted if you have paid your registration fee and completed your registration form.
IPSPís can only register Sponsored Merchants in the country where the Sponsored Merchant has a presence.
IPSPís are required to provide Visa with monthly sales, chargeback and credit data for their review, by Sponsored Merchant and down to the URL of each Sponsored Merchant site. Sponsored Merchants who are out of compliance on chargeback and / or credit ratios may be terminated at Visaís discretion. Please Note: Your ratios at all IPSPís will be evaluated by Visa.
The credit card descriptor on the cardholderís statement must be the IPSPís name, as well as the Sponsored Merchantís identifier, such as your company code.
The IPSPís Join Form must disclose the IPSPís name and the fact that the billing descriptor will be the name of the IPSP and the Sponsored Merchantís identifier.
IPSPís will display, on the Join Form, their Privacy Policy along with Terms and Conditions.
Mastercard

The MasterCard logo cannot be displayed on the clientís sites.
Several other rules will be changed and we will advise you as soon as these are solidified.


October is the month to implement these changes. We expect the transition should be a relatively smooth process. The following is a timetable for preparing for the November 1st deadline:

By October 8th, we will begin the Visa registration process. We will email you a form, which must be completed immediately.
By October 15th, we will have a Privacy Policy up on our Join Pages.
By October 15th you must have all MasterCard logos removed from your sites
We will provide you with additional updates on these initiatives throughout the month. Thank you in advance for helping us to ensure the successful implementation of these new regulations. Please be assured that we, as IPSPís are working together to provide a more robust industry environment and to attempt to have our clientís voices heard at the card associations. We have many common goals and interests. Maintaining the viability of the adult Webmaster business model, by keeping you informed, is our primary focus.

Sincerely,

iBill, CCBill, and EPOCH / Paycom


In an effort to address some questions regarding these VISA IPSP Compliancy Issues, CCBill.com has constructed an IPSP-FAQ for your information and assistance. If you have additional questions and or concerns on this subject matter, please feel free to contact your Sales Representative directly.


***if you only make small amount it's not worth it to you
i got this e-mail from ccbill. does it apply to all cc processors?
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Old 10-04-2002, 09:22 AM   #2
Mp3 Fanatic
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These new rules will affect only the adult sites.
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Old 10-04-2002, 04:18 PM   #3
theguy
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really!
are you sure?
i do not see anywhere where it says only for adult webmaster
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Old 10-04-2002, 04:23 PM   #4
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Your message said:
"Maintaining the viability of the adult Webmaster business model, by keeping you informed, is our primary focus."
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Old 10-04-2002, 04:55 PM   #5
Tyme
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Actually this refers to high risk sites as well, not only adult sites.

This link will explain it in greater detail:

http://ipsp-faq.com/
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Old 10-04-2002, 05:29 PM   #6
theguy
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does it mean, all customers of ccbill are high risk customers?
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Old 10-04-2002, 10:12 PM   #7
darnell
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Quote:
Originally posted by Tyme
Actually this refers to high risk sites as well, not only adult sites.

This link will explain it in greater detail:

http://ipsp-faq.com/
From the site mentioned:
Quote:
What type of Sponsored Merchant Websites fall into VISAís ďhigh riskĒ IPSP Category for processing?

VISA considers any downloadable, Digital Internet transaction, or Merchant Category Code 5967, as a ďhigh riskĒ IPSP and Sponsored Merchant transaction.
Sounds like any web site to me...

I use 2checkout for one of my sites and have not heard anything from them like this. Given the cost, you might as well get a merchant account of your own instead of paying into something like this.

Are you folks sure that this was sent from a legitimate source?
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Old 10-04-2002, 10:27 PM   #8
Mbarb
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The same information is posted at CCbill's website.. I think it's ligit..
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Old 10-05-2002, 05:41 AM   #9
tristram1
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Default Thank you Visa for laying off

According to the text pasted here, and to http://ipsp-faq.com those not residing (not registered) in the US have no other choice than dropping Visa payments.

Dear Visa, are you talking about e-commerce? Or you are probably going back in time?

Not that if my small scale site could pay hundreds of dollars for setting up and maintaining those Visa accounts.

tristram.
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Old 10-05-2002, 05:52 PM   #10
tristram1
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One more thing here...

I've received the email from iBill about the new Visa regulations earlier today.

iBill forgets to mention the non-US based sites thing. Is this a sign of the fact that:

- iBill does not really care about them
- or, maybe, they were not prepared for the situation of facing with the new regulations, and sending out their email without checking its content first, in hassle?

What about 2checkout.com? Like Darnell said, they haven't issued a release on this matter. Their stuff on their forum doesn't even know that this would infect not only adult sites.

tristram
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Old 10-05-2002, 06:57 PM   #11
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Someone from 2checkout.com's staff posted a reply on their message board that says this will only affect adult sites.

Someone replied to that with the details I've mentioned here which indicate that ALL web sites are affected. No reply has been made to that post.

So either 2checkout is in the clear because they don't do adult sites or they have maken a BIG MISTAKE.

I have a merchant account for one of my sites, but would never spend that kind of money to setup one for my other site which uses 2checkout, since it does not make much. I'd just make people order via snail-mail if I had to stop using 2checkout for that site.

I know with my merchant account I get updates from the card companies now and then. They are usually full of details that must be read carefully in regards to contract changes. I just hope the folks at 2checkout are sure about their status on this.
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Old 10-05-2002, 09:20 PM   #12
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The WHOIS info ipsp-faq.com seems to suggest that site belongs to ccbill rather than Visa themselves

there are also posts on this topic, including what some other vendors have said at:
http://www.warriorforum.com/forum
http://www.ablake.net/forum
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Old 10-05-2002, 10:41 PM   #13
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Thanks WildComputer,

I guess the folks at 2checkout are right in saying that the changes facing iBill will not affect them.

One of the posts I saw was from the COO of ClickBank. He said they are not affected by the sames issues iBill is facing and had taken steps to ensure they would not be.

So I guess if you're not running a p0rn site it's time to switch. I personally like 2checkout.com .

If you are making a good steady flow of revenue from your site maybe now is the time for you to upgrade to a full merchant account and get it over with. Although I like 2checkout for my "low sales" site, I've found that my site that has a full merchant account can handle many more cards because I can set the rules there. I had some problems when trying a single-use Amex number on 2checkout.

This will truely "draw the line" between p0rn and non-p0rn 3rd party payment processors. I can't blame Visa, since they've probably seen a lot of fraud from those processors and don't know which related sellers are causing problems.
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Old 10-06-2002, 03:52 PM   #14
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Well, I've read a lot of things on this subject and this is very interesting (from globill.com ) :

"The new Visa rules in particular are directed against "aggregators" which specifically means companies such as ours in the third-party industry. The new rules are slated to come into effect very shortly within the US. These rules would make the third-party model prohibitively expensive for the industry. It would essentially be rendered impractical. Some billing companies such as Lancelot have decided to shut down rather than continue under the Visa/Mastercard regime.

However, not all regions of the world come under the new rules. The merchant banking industry is broken up into different regions such as North America, Europe, Asia etc. Each region can decide to opt in or opt out. While the US region has opted in, other regions have opted out. GloBill has decided to run its business with reputable banks in the opt-out regions. Not all billing companies have the capital, know how or foresight to set up merchant accounts with these particular banks and that is why I foresee some of these companies going under over the next few months.

With this move, GloBill feels it will emerge as one of the most stable companies in the industry.
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Old 10-06-2002, 11:20 PM   #15
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Has anyone heard from PayPal regarding this?

Following PayPal's recent forays into developer markets with their API and shopping cart products, and the fact that net users may now place credit card orders through PayPal without signing up for an account, it would seem that the eBay company now clearly qualifies as a merchant "aggregator" also.
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