Here's what's up
Visa announced on July 1 to IPSP's that new regulations will take effect on October 1, 2003 regarding acceptable chargeback levels for Sponsored Merchants; dropping the acceptable rate from 2.5% to 1% for domestic transactions. Acceptable chargeback rates for foreign transactions will drop one-half percent from 2.5% to 2.0%.
PSW Billing Press Release: July 3, 2003
PSW Billing Responds to New Visa ChargeBack Regulations
http://pswbilling.com/press/20030703-pr-visa1.shtml
Related Article! *NEW* By Cyndalie
The 1% Difference: Taking Steps Towards Reducing Chargebacks
http://www.pswbilling.com/articles/2...fference.shtml
I hope this information helps to answer some of your question regarding this news.
Cynd
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