Anatomy of Visa crackdown - GoFuckYourself.com

mryellow · 07-27-2003, 08:51 PM

We were right in the middle of beginning processing with our new merchant setup when Visa shut down our bank. I've emailed and called pretty much every processor in the market over the last 2 weeks.

We originally contacted NetBilling who put us onto ECS who set us up with a Romanian gateway that was subsquently shut down, apparently Visa wants better reporting from them or something along those lines. Hard to know exactly as no-one seems to know or want to tell the truth.

This same bank/gateway took down OXBill and Cardsgate. However it was a couple of days later that they actually notified anyone.

I'm not sure but is this the same gateway that took down Globill or did they have other more general reasons?

Did more then one bank get shutdown?

If more then one bank got hammered does that mean that Visa has just entered a phase where by they are closing the international market and squeezing us back into the US? Which means we need US presence, IRS reporting, Visa reporting, legal liability and lower chargebacks limits.

Anyone else see anything indicating that this is a new tactic of Visa's to force merchants into doing business from the US?

-Ben

tomax · 07-27-2003, 08:56 PM

Geez. Visa is essentially shutting down entire banks, not just third-party processors.

It might have beent he same bank as Globill because in their official announcement they did mention that Visa threatened their *bank* not globill with huge fines so the bank shut them off. And then maybe Visa shut the bank anyway.

I am just in the thick of getting my own merchant account, thinking I will be safer with that. But i guess no one is safe from the menacing visa octopus!!!!

AlienQ - BANNED FOR LIFE · 07-27-2003, 09:23 PM

The process of elimination in tactics dictates...

Phases

Containment -
The control of resources. This can be done in broadstrokes.

Seperation -
Those that will have "priviliges" and those that won't.

Isolation -
Break down in Communication for targets.

Targeted Elimination.
Selection of targets.

Welcome to Phase 2.

wargames · 07-27-2003, 09:39 PM

visa sucks

mryellow · 07-27-2003, 09:41 PM

Thanx for your magnificent insight.

-Ben

07-27-2003, 08:51 PM	#1
mryellow Confirmed User Industry Role: Join Date: May 2001 Location: Australia Posts: 934	Anatomy of Visa crackdown We were right in the middle of beginning processing with our new merchant setup when Visa shut down our bank. I've emailed and called pretty much every processor in the market over the last 2 weeks. We originally contacted NetBilling who put us onto ECS who set us up with a Romanian gateway that was subsquently shut down, apparently Visa wants better reporting from them or something along those lines. Hard to know exactly as no-one seems to know or want to tell the truth. This same bank/gateway took down OXBill and Cardsgate. However it was a couple of days later that they actually notified anyone. I'm not sure but is this the same gateway that took down Globill or did they have other more general reasons? Did more then one bank get shutdown? If more then one bank got hammered does that mean that Visa has just entered a phase where by they are closing the international market and squeezing us back into the US? Which means we need US presence, IRS reporting, Visa reporting, legal liability and lower chargebacks limits. Anyone else see anything indicating that this is a new tactic of Visa's to force merchants into doing business from the US? -Ben __________________ Cyberwurx Hosting After trying 5 different hosts, I found the best. Since 1997 I've had 2 hours of downtime. Fast support, great techs, no hype, no gimmicks. <- I in no way endorse whatever just got stuck on the left of my post.

07-27-2003, 08:56 PM	#2
tomax Registered User Join Date: Mar 2003 Posts: 95	Geez. Visa is essentially shutting down entire banks, not just third-party processors. It might have beent he same bank as Globill because in their official announcement they did mention that Visa threatened their bank not globill with huge fines so the bank shut them off. And then maybe Visa shut the bank anyway. I am just in the thick of getting my own merchant account, thinking I will be safer with that. But i guess no one is safe from the menacing visa octopus!!!! __________________ tomax

07-27-2003, 09:23 PM	#3
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	The process of elimination in tactics dictates... Phases Containment - The control of resources. This can be done in broadstrokes. Seperation - Those that will have "priviliges" and those that won't. Isolation - Break down in Communication for targets. Targeted Elimination. Selection of targets. Welcome to Phase 2. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

07-27-2003, 09:39 PM	#4
wargames Kliris Join Date: May 2003 Location: ca Posts: 10,423	visa sucks __________________ ICQ 212-115-582 Email Steve at Vas Media Group .com

07-27-2003, 09:41 PM	#5
mryellow Confirmed User Industry Role: Join Date: May 2001 Location: Australia Posts: 934	Thanx for your magnificent insight. -Ben __________________ Cyberwurx Hosting After trying 5 different hosts, I found the best. Since 1997 I've had 2 hours of downtime. Fast support, great techs, no hype, no gimmicks. <- I in no way endorse whatever just got stuck on the left of my post.