Quote:
Originally posted by Driven
These Universial pass people must have the worst chargeback ratio ever, i'd guess 3% +
They can't keep rebilling these old users as they now are going to be put of of business cause of Visa 1%.
So the way the fix it is make no more rebills and since all there customers are signing up for real, hopefully they will process enough and have 0.2 chargebacks over the next couple of months to bring them below 1% in a couple of months time.
I sure as hell wouldn't sell using any company that had a chance of being put of of biz by visa. If they go down you don't get a cheque. 
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I'm going to venture to say that this statment probably has a lot of truth to it. There doesn't appear to be any other reason to stop rebills other than having a high CB%