Quote:
Originally posted by Epoch
EPOCH wants to quote VISA OP Regs and Principles in order to clarify previous posts regarding new VISA Regs.
How does Globill and any other IPSP outside of the USA intend on circumventing the above OP Regs? How as a US based webmaster do
you honestly believe that you can process through an IPSP outside of the USA? The simple answer is you can't. If you do you will
get caught and terminated as a VISA merchant.
CLAY
EPOCH
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Hi Clay,
Thank you very much for your opinion on our corporate strategy vis a vis the new regulations, your interpretation thereof and your experience running one of the largest processors on the net. I previously responded to Ron at CCBill on this same issue. I will reiterate what I said before, since you are bringing up our company name. First let me just say that we do hold Epoch in very high regard for being a mainstay of the industry and being an industry leader in many ways.
Without giving away the full game-plan on our strategy, I will say that it revolves around more than a simple jurisdictional issue. It were simply jurisdictional then, as some have pointed out earlier, all third-party billers would have simply moved to some other country. We did our homework for months and implemented what we feel is the best all-round solution. Under the CURRENT rules, Glo-Bill forsees no problem with its current business model and it is business as usual for us. We are not employing a "run, hide and stall" strategy as your description seems to imply. We have openly discussed changes to our business model and jurisdictional issues with both the banks and credit card companies over the course of months. We have across-the-board approval for our way of doing business under the current regime. If the credit card companies decide to ammend their rules at some future time or implement a whole new set of regulations, then the only thing we can promise is that we will be on top of it, as we were this time, and try to once again come up with the best solution for our clients.
I will reiterate what I stated in previous posts:
We will not divulge the full details on our strategies for obvious reasons. We will say that we saw the writiing on the wall many months ago and started taking proactive measures since then to protect our clients' businesses to the best of our ability. The bottom line: it is business as usual at Glo-Bill, meaning:
- No set-up fees
- No monthly or annual fees
- No reporting of your private information to any outside entity
- Websites from foreign countries welcome as always without special requirements
- No Big Brother style registration forms and no scrutiny of your website by other entities
- We help you maintain your chargebacks at very low levels WITHOUT blindly declining good signups
- Still no free trials and proud of it!
Again, Clay, I would like to thank you for your post and your opinion of Glo-Bill. I am certain that in any environment, Epoch will continue to prosper and offer industry-leading services to its clients. Glo-Bill aims to do the same but will occaisonally break with the industry to offer a different paradigm. There is certainly room for everyone and the more varied the solutions from the industry, the stronger the industry becomes.