Profit Margins

Vick · 10-03-2003

MikeAI - the problem with Pick-a-Patsy you outlined is revenues lost when fined

Today we don't know even if Visa will terminate anyone for being over 1%CB, if I understand correctly they have reserved the right but won't have to (it's their ball so they make the rules)

Ergo - I think the problem may end up being the weight of the fines. For that much Visa/MC could just keep all the revenue of cockholsters and say you broke our rules - see ya in court

If some cockholsters start mucking around like you've outlined we may see larger holdback's or a lag time to payment (say net 45 days as opposed to what it is now)

10-03-2003	#38
Vick Celebrating Company's Success with A Beer From Mini Bar Want to see your own Advertising Here! Join Date: Oct 2002 Location: Little South of Sanity Posts: 6,551	MikeAI - the problem with Pick-a-Patsy you outlined is revenues lost when fined Today we don't know even if Visa will terminate anyone for being over 1%CB, if I understand correctly they have reserved the right but won't have to (it's their ball so they make the rules) Ergo - I think the problem may end up being the weight of the fines. For that much Visa/MC could just keep all the revenue of cockholsters and say you broke our rules - see ya in court If some cockholsters start mucking around like you've outlined we may see larger holdback's or a lag time to payment (say net 45 days as opposed to what it is now) __________________ Pssst Click the Button Above I once wanted to be a Gynecologist But I couldn't find an opening