Mastercard joining in on the money grab - GoFuckYourself.com

scoreman · 10-17-2002, 07:36 AM

Just got this notice from Paypal saying that Mastercard is requiring a $1000.00 fee/ $500.00 renewal on top of the VISA fee of $750.00. We have two paypal accounts. Now this is starting to add up. Lets see, three processors and Paypal thats about $8750 in fees.

I for one am feeling really bent over right about now.

scoreman · 10-17-2002, 07:41 AM

Can anyone verify that IBILL/CCBILL/Epoch etc are going to be requiring $1,000.00 for mastercard?

diggy · 10-17-2002, 07:46 AM

i agree man.. in australia $ it sucks even more dick too.. 20,000$ out of the blue for no real reason is completely fucked.. no matter how loaded you are

Snake Doctor · 10-17-2002, 07:48 AM

Quote:

Originally posted by scoreman

I for one am feeling really bent over right about now.

Would you like some lube?

scoreman · 10-17-2002, 07:49 AM

Thanks for being there for me Lenny

Master_Yoba · 10-17-2002, 09:25 AM

USA gov in cooperation with VISA and MC push adult business to offshore. More news are coming soon..

Mr.Fiction · 10-17-2002, 09:28 AM

Quote:

Originally posted by scoreman
Just got this notice from Paypal saying that Mastercard is requiring a $1000.00 fee/ $500.00 renewal on top of the VISA fee of $750.00. We have two paypal accounts. Now this is starting to add up. Lets see, three processors and Paypal thats about $8750 in fees.

I for one am feeling really bent over right about now.

Can you post the full notice from Pay Pal please.

scoreman · 10-17-2002, 10:24 AM

From: Jeremy Downs [mailto:[email protected]]On Behalf Of [email protected]
Sent: Wednesday, October 16, 2002 8:26 PM
Subject: Important message from PayPal

Dear Merchant,

We would like to update you on new Visa & MasterCard regulations that affect the way Internet Payment Service Providers (IPSPs) such as PayPal conduct business. Both Visa & MasterCard require high-risk merchants to complete a registration form, pay an initial registration fee, and pay renewal fees on an annual basis (details below).

We value our Merchants and are dedicated to providing you with the high quality service to which you are accustomed. Please note that these fees are imposed by Visa and MasterCard, not by PayPal. In keeping with PayPal's core policy of not charging set-up costs and/or annual fees to our Merchants, PayPal (in contrast with many IPSPs) will not add any additional or hidden costs to these Visa & MasterCard fees.

PayPal, like all other IPSPs, must comply with the regulations. In order to assure your continued access to PayPal's transaction platform, we need you to provide the requested information by November 1st. If we do not hear from you by the close of business on November 1st, PayPal will be unable to process your transactions until all such information has been submitted.

While some IPSPs have announced that they will cease processing for non-US merchants, that is not the case with PayPal. PayPal will continue to process transactions for high-risk merchants in the United States, Canada and Europe through our existing banking arrangements in these areas. In addition, we will continue working to expand our banking relationships worldwide.

Below is a summary of the requirements for both Visa and MasterCard:

VISA:

* Visa will require an initial registration fee of $500

* Visa will require an annual renewal fee of $250

* Paypal must provide Visa with monthly sales, chargebacks and refund information on each Adult merchant.

MasterCard:

* MasterCard will require an initial registration fee of $1,000

* MasterCard will require an annual renewal fee of $500

We will be sending another email out shortly requesting the specific information we will need to bring your business into compliance with the new regulations. We will also provide instructions on fee collection.

Should you have any questions, please send an email to [email protected]. We will endeavor to respond in a timely manner.

Very truly yours,

The PayPal Team

SykkBoy · 10-17-2002, 03:23 PM

Is this for adult merchants only?

Kimmykim · 10-17-2002, 04:04 PM

isn't this like thread number 5 since yesterday about this?

Amputate Your Head · 10-17-2002, 04:06 PM

I'm bending over.... please violently rape my asshole with a bowling pin.

FATPad · 10-17-2002, 04:07 PM

Quote:

Originally posted by Amputate Your Head
I'm bending over.... please violently rape my asshole with a bowling pin.

That's the spirit!

BrettJ · 10-17-2002, 04:11 PM

Quote:

Originally posted by Kimmykim
isn't this like thread number 5 since yesterday about this?

yeh but like i started the first one - so i'm the coolest

10-17-2002, 07:36 AM	#1
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	Mastercard joining in on the money grab Just got this notice from Paypal saying that Mastercard is requiring a $1000.00 fee/ $500.00 renewal on top of the VISA fee of $750.00. We have two paypal accounts. Now this is starting to add up. Lets see, three processors and Paypal thats about $8750 in fees. I for one am feeling really bent over right about now. __________________

10-17-2002, 07:41 AM	#2
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	Can anyone verify that IBILL/CCBILL/Epoch etc are going to be requiring $1,000.00 for mastercard? __________________

10-17-2002, 07:49 AM	#5
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	Thanks for being there for me Lenny __________________

10-17-2002, 09:25 AM	#6
Master_Yoba Confirmed User Join Date: Jul 2002 Location: Dagobah Posts: 1,273	USA gov in cooperation with VISA and MC push adult business to offshore. More news are coming soon.. __________________ WATCH MORE PORN

10-17-2002, 10:24 AM	#8
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	From: Jeremy Downs [mailto:[email protected]]On Behalf Of [email protected] Sent: Wednesday, October 16, 2002 8:26 PM Subject: Important message from PayPal Dear Merchant, We would like to update you on new Visa & MasterCard regulations that affect the way Internet Payment Service Providers (IPSPs) such as PayPal conduct business. Both Visa & MasterCard require high-risk merchants to complete a registration form, pay an initial registration fee, and pay renewal fees on an annual basis (details below). We value our Merchants and are dedicated to providing you with the high quality service to which you are accustomed. Please note that these fees are imposed by Visa and MasterCard, not by PayPal. In keeping with PayPal's core policy of not charging set-up costs and/or annual fees to our Merchants, PayPal (in contrast with many IPSPs) will not add any additional or hidden costs to these Visa & MasterCard fees. PayPal, like all other IPSPs, must comply with the regulations. In order to assure your continued access to PayPal's transaction platform, we need you to provide the requested information by November 1st. If we do not hear from you by the close of business on November 1st, PayPal will be unable to process your transactions until all such information has been submitted. While some IPSPs have announced that they will cease processing for non-US merchants, that is not the case with PayPal. PayPal will continue to process transactions for high-risk merchants in the United States, Canada and Europe through our existing banking arrangements in these areas. In addition, we will continue working to expand our banking relationships worldwide. Below is a summary of the requirements for both Visa and MasterCard: VISA: * Visa will require an initial registration fee of $500 * Visa will require an annual renewal fee of $250 * Paypal must provide Visa with monthly sales, chargebacks and refund information on each Adult merchant. MasterCard: * MasterCard will require an initial registration fee of $1,000 * MasterCard will require an annual renewal fee of $500 We will be sending another email out shortly requesting the specific information we will need to bring your business into compliance with the new regulations. We will also provide instructions on fee collection. Should you have any questions, please send an email to [email protected]. We will endeavor to respond in a timely manner. Very truly yours, The PayPal Team __________________

10-17-2002, 07:46 AM	#3
diggy Confirmed User Join Date: Jun 2002 Posts: 684	i agree man.. in australia $ it sucks even more dick too.. 20,000$ out of the blue for no real reason is completely fucked.. no matter how loaded you are

10-17-2002, 03:23 PM	#9
SykkBoy Jesus loves bacon Industry Role: Join Date: Feb 2001 Location: Sin City, Motherfucker Posts: 19,969	Is this for adult merchants only? __________________ Support my new movie “The Second Coming”

10-17-2002, 04:04 PM	#10
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,016	isn't this like thread number 5 since yesterday about this?

10-17-2002, 04:06 PM	#11
Amputate Your Head There can be only one Industry Role: Join Date: Aug 2001 Location: Somewhere else Posts: 39,075	I'm bending over.... please violently rape my asshole with a bowling pin. __________________ SIG TOO BIG