--- Tim Jung <tjung@igateway.net> wrote:
>How many of you here have actually read your credit card merchant account
>information as well as the customer credit card information? Did you know
>that the customer can do a charge back on an item on their bill up to a year
>later and there is nothing you can do about it, unless you have done
>everything the credit card company tells you to do?
A year?!!!! You better change your merchant account and get a better bank then. The ones I know of are 60 or 90 days.
> If the customer claims
>someone stole their credit card number for that charge unless you can prove
>otherwise they get the credit and the merchant gets a charge back.
Bingo!!! For the same reason the guy who stole the cc should not get to keep the domain names.
>
>You are taking a huge risk as a merchant when you accept credit cards.
Not really. Average charge back on legitimate ISPs are about 0.3 to 3 percent. Call your bank and they will give you this statistic. Thanks to the fact that in most cases the fraudulent user does not get to keep the product they purchased with stolen/fake cc. Unfortunately this is not so with OpenSRS reseller program.
> It is
>the pricing of doing business on the internet and the price of accepting
>credit cards.
>
Do you accept credit cards? Do you give the end user the login and the password to the domain name? I wonder if you would be so sure of yourself once you get a number of chargebacks with a dozen domains registered for 10 years from the kids in #hackers and #warez channels in IRC.
>Tim Jung
>System Admin
>Internet Gateway Inc.
>tjung@igateway.net
>
Farhad Sadeghi
Coolfred Internet Services
http://www.coolfred.net
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