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Old 07-04-2003, 12:29 PM   #4
Cyndalie
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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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