[prev in list] [next in list] [prev in thread] [next in thread] 

List:       inet-access
Subject:    Re: Credit card transactions/new fees
From:       Alex Rubenstein <alex () nac ! net>
Date:       2002-11-09 0:14:06
[Download RAW message or body]

No, but, FDMS (who we'd be using for 6 years, and had less than 1/20th the
industry norm of chargebacks and credits) said, abruptly, that we would
need to accumlate a $180,000 deposit with them by taking 1/2 our revenues
until that was accomplished.

Needless to say, we left them for someone else.



On Fri, 8 Nov 2002, barbbras@dbtech.net wrote:

>
> Have any of you received notice from Discover, AmEx, Visa & Mastercard of
> increased fees and additional hoops for merchants who take internet & phone
> orders?  My notice from Discover included the need for voice authorization
> before processing a charge, full billing address verification (I'm based in
> a college town, lots of out-of-town students using dad's credit card),
> information gleaned only from swiping the card, authorization from Discover
> to allow repeated subscription charges, the 3-digit CID number that follows
> the usual credit card number, etc.
>
> Failure to provide all of this information increases the fees from 50 cents
> to 95 cents for every item that is not provided.  It could increase the
> merchant fees per transaction up to $2 to $3 per transaction (not including
> the usual .25 - .30 cent per transaction as well as the 2.5% - whatever
> percentage on the total processed.
>
> We started our internet business 8 years ago when none of this (beyond
> cardholder name, number & expiration date) was required.  I just wanted to
> know how everyone else was handling it.
>
> Regards,
> Barb Brasfield
>
> -
> Recent archives of the list can be found at:
> http://mix.twistedpair.ca/pipermail/inet-access/
> Send 'unsubscribe' in the body to 'list-request@inet-access.net' to leave.
> Eat sushi frequently.   inet@inet-access.net is the human contact address.
>

-- Alex Rubenstein, AR97, K2AHR, alex@nac.net, latency, Al Reuben --
--    Net Access Corporation, 800-NET-ME-36, http://www.nac.net   --


-
Recent archives of the list can be found at:
http://mix.twistedpair.ca/pipermail/inet-access/
Send 'unsubscribe' in the body to 'list-request@inet-access.net' to leave.
Eat sushi frequently.   inet@inet-access.net is the human contact address.
[prev in list] [next in list] [prev in thread] [next in thread]