Credit Card Fees ??

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Posted by freew, 10-21-2002, 12:44 PM
Anyone have any info on if this will effect Paylap, 2checkout, etc.. Credit card companies such as Visa and MasterCard have brought out new regulations for a new category of merchants called Internet Payment Service Providers (IPSP's). The changes include new fees to accept particular credit-cards: Visa will require an initial registration fee of $500. Visa will require an annual renewal fee of $250. MasterCard will require an initial registration fee of $1,000. MasterCard will require an annual renewal fee of $500.
Posted by iKHost, 10-21-2002, 09:03 PM
probably not, seems like they are just trying to get a bigger piece of the pie, PayPal for one is owned by e-bay, a multi-billion $$$ (in stock) company, an extra couple of thousand isn't going to break them, but it may keep some people who shouldn't be doing this, out of the business..just some
Posted by freew, 10-21-2002, 10:08 PM
The fee is per account, not just one fee for the processing company... for example - if YOU wanted to use paypal they would have to charge you the fee to get started.
Posted by iKHost, 10-21-2002, 10:09 PM
ooooooooooh, that really changes things, sorry, then disregard my revious post
Posted by foottuns, 10-21-2002, 11:34 PM

Posted by mef666, 10-22-2002, 02:09 AM
when it'll be applied?
Posted by SuperDon, 10-22-2002, 02:42 AM
Hi, I seem to remember reading about this somewhere and I believe the new fees only apply to adult sites etc.... May be wrong though.
Posted by bob72, 10-22-2002, 08:43 AM
i think i remember reading it in WHT forums only, and it mentioned that this fees will apply only to adult sites but not the small hosting companies. Dunno if i am right or not. But would like a post on this to clear the doubts. Thanks, Bob
Posted by iKHost, 10-22-2002, 08:51 AM
Could someone clarify who the new fees will apply to?

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