Wednesday, August 20, 2003
It is rumored that Mastercard is cracking down on webmasters. If you have your own merchant account and have more than 1% charge backs in 3 months you lose rebills and pay a hefty fine. Also if you exceed 15 charge backs in a month, refunds and chargebacks are combined to reach 1%.
If you use an IPSP (Verotel, CCBill, etc) they are the merchant, so your life is in their hands. They are the merchant.
Posted by inthestars @ 04:49 AM PST [Link]
