Oprano Adult Industry Forums - View Single Post - Visa And Mc April 1st... Rumors And Facts?

Hooper · 02-25-2003

My understanding of VBV.. however out of the loop i may be is this:

1) It's optional. Not all card issuers will participate, however visa will make sure that all issuers have financial incentives to participate.

2) Just because a merchant is VBV doesnt mean they cant accept non VBV transactions, it just means that those transactions that are VBV *CANT BE CHARGED BACK*

3) It doesnt end recurring billing, rather it makes it easier for the merchant because the first transaction (e.g. the trial) is Verified and cant be charged back.. but also, that means that the surfer cant call 5 months later, claim that they never made *any* charges.. all they will be able to claim is that they didnt realize there were rebills, which will likely result in refunds.. not chargebacks.

End result... less "wife factor" more accountability to card issuers, and more "call the merchant if you have an issue with this charge". I for one cant wait.

02-25-2003	#7
Hooper Members Join Date: Oct 2002 Posts: 1,156	My understanding of VBV.. however out of the loop i may be is this: 1) It's optional. Not all card issuers will participate, however visa will make sure that all issuers have financial incentives to participate. 2) Just because a merchant is VBV doesnt mean they cant accept non VBV transactions, it just means that those transactions that are VBV CANT BE CHARGED BACK 3) It doesnt end recurring billing, rather it makes it easier for the merchant because the first transaction (e.g. the trial) is Verified and cant be charged back.. but also, that means that the surfer cant call 5 months later, claim that they never made any charges.. all they will be able to claim is that they didnt realize there were rebills, which will likely result in refunds.. not chargebacks. End result... less "wife factor" more accountability to card issuers, and more "call the merchant if you have an issue with this charge". I for one cant wait. __________________ Quickbuck is paying $100 Per trial join.