Quote:
Originally posted by Chris Mallick
? Except it will not help those of us doing recurring billing. This means we have no protection under the Verified by Visa program, including the original sale, if the card number is to convert or has the possibility of being a recurring transaction. That?s pretty much all of the adult industry, which is pretty much our entire business.
The rules were changed to exclude us the other day and we just got the new rule yesterday as we were completing the 3rd certification in preparation for turning the service on to gain the protections advertised.
Oh well, screwed again.
We are in the process of starting a lobbying effort to have this rule revisited.
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I'm sorry Chris. Nothing personal. I just have a fundamental disagreement here.
It's pretty obvious to me why Visa wouldn't allow VBV chargeback protection on rebills. It's obviously a big part of the overall chargeback/refund problem which, in turn, is causing problems with the credit card associations.
They're protecting the consumer. The adult industry, unfortunately, is not and never has.
Why cling to rebills? I realize that rebills are a substantial part of many sites' revenues, but isn't it better to lose that than lose credit card processing all together? Then you're left with ZERO revenue.
Funny how everybody clings to rebills and other questionable billing practices in the face of pending disaster, rather than fixing the problems or embracing new products which could help avert the crisis.
And people can yell "Fuck Visa!" all they want, but you don't fuck Visa. They fuck you.
And I'm willing to bet that's exactly what's going to happen in the end because this industry absolutely refuses to clean up its billing practices.
P.S. I am not a Visa "spy" either. As if Visa or Mastercard gives a fuck about any of us ... LOL.