[Rolo]

X amount of 3rd party clients taking the hit instead of the processor will probably make sense in the long run. Makes everyone interested in providing good service, and makes sure that the processor will be around. Not the first time a processor passed on fines, and probably wont be the last time.

The thing I find interesting is all the processors and merchant who are getting hit with fines because of 1% chargeback and credit rule. As Mike AI said no matter what kind of online business you run, then staying below 1% is almost impossible, unless you do very low volume, and are just luckly.

More of the industry should get behind or stand beside Epoch against Mastercard - someone at Mastercard needs to understand that their "chargeback/credit" problem will not go away by lowering % to under 1%. It will only create problems for the "good" merchant accepting Mastercard. People/compaines wanting to do cc fraud will just move to a "hit and run" setup, where Mastercard will have even less control, and where Mastercard or their banks probably will be left holding the bill.

Mastercard will be booted from alot of adult sites - even good ones providing good service - because of their 1% chargeback AND credit rule. Credits are a part of running a business on the internet, and who wants to risk their business because of accepting Mastercard, when there are so many other ways for consumers to pay (local european debit cards, online checks etc.).

The only ones who will keep accepting mastercard is merchants with very low volume and those who want to do fraud.

A shame that some in Mastercard do not have more foresight, then what happende last year....