It has *ZERO* to do with the merchant company and everything in the world to
do with the company that is extending the credit, aka the bank. They can
pretty much do whatever they want within limit when it comes to paying the
merchant since they are the ones who are extending the credit thus their
money. If they want to give the cardholder a year to do a charge back then
they can and there is nothing the merchant can do about it.
Tim Jung
System Admin
Internet Gateway Inc.
tjung@igateway.net
----- Original Message -----
From: "Coolfred Internet Services" <coolfred@coolfred.org>
To: <tjung@igateway.net>; "David Gregg" <dgregg@dgsoft.com>;
<coolfred@coolfred.org>; <bscott@stockdogsaction.com>;
<discuss-list@opensrs.org>
Sent: Tuesday, March 14, 2000 9:15 AM
Subject: Re: New Ideas for OpenSRS (or wish list) - Reseller Access
>
>
> --- 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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