Quote:
Originally posted by rodme_him
Nothing against you KimmyKim, but nobody stops and thinks about those of us not in the US, contrary to popluar belief, the US is not the whole world
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What you're failing to realize is that this has nothing to do with processing companies and everything to do with Visa/MC rules.
Back in the day when there were banks all over the Caribbean acquiring for people, they were getting whacked right and left because they couldn't handle the volume or the issues that came with it.
The bottom line is that there are not many banks left that both meet the requirements for 5967 processing AND want to run the transactions.
The cross border acquisition rules are designed to protect the banks, its not really any more than that. All the banks are grouped into regions and they are responsible for each other as well as their own business, when things go wrong.
If you were a bank that didn't accept high risk processing AND you got stuck with a tab to bailout some little bank in your region that got burned on high risk and went under, you wouldn't be too happy now would you?