Quote:
Originally posted by Marc De@May 21 2003, 08:13 AM
Serge - Jettis was the ONLY 3rd party processor that passed the fines along. I know that those fines cost Global (the paysite owners) 7 figures and that is not cool... Especially since it affects their payments to us 
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Marc,
We share your pain, trust me. These fines hurt us all and Jettis also ate fines to the tune of millions of dollars. But from a business perspective, the fines really do belong to the merchants who are selling the products and creating the revenue and in many cases bending rules or pushing the limits to generate more sales. So I'm not sure why you think it's "not cool"?
Is it ok for paysite owners to earn the majority of the revenue, not take any risk and have no consequences? That's not cool in my opinion. As you know, If you have your own merchant account, you would get fined directly. Being with a third party processor is no different, there is just a middle man in between handling the money.