I doubt anybody would be complaining if the agreement had always been that "we'll pass fines on to you".
As sponsored merchants that decision could make some sense, but as a true 3rd party aggregator it seems to me that the aggregator should be responsible for it, especially with regards to transactions that occurred without sposnored merchant status.
Personally i'd rather have processing rates go up and just know that i wont be hit by any suprise fines than get a great deal on processing only to find out a year later that i have to pay a hefty six figure fine.
When you have a large recurring database, you have to continually add more and more and more new transactions.. it seems almost impossible that a larger organization (not the ipsp.. but the actual sponsored merchant) gets into a position of being unable to find enough new transactions to offset the refunds and cb's resulting from the recurs.
If you're not already aware of it ken, you should be... but you are taking much higher risk transactions than any other processor i have seen. If you dont know what i mean i'll be happy to show you because it's gonna create a chargeback nightmare for you and i'd hate to see anybody lose in this biz.
Last edited by Hooper at May 21 2003, 02:56 PM
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05-21-2003
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