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-   -   Epoch (http://www.legwebmasters.com/forums/showthread.php?t=2050)

jay 05-03-2013 01:27 PM

Epoch
 
I have been looking into having Epoch for cascading billing but they are
asking for a $500 deposit to get things set up

1. MasterCard payment- https://wnu.com/secure/services/?api... ler=M-602439

Has anyone done this. Looks like a rip off or scam to me. $500 for the
pleasure of doing business with them???? Who are they kidding?

Jess 05-03-2013 02:26 PM

Same Mail here, the mail is no fake.
Here the Answer from Henry Rosa:

Hi Robert,

Thanks for the email. No worries. All is understood. Yes, this is a new fee imposed by the Card Association, Mastercard, in order to be able to accept Mastercard type transactions.
Do understand your concern. You can choose to opt out of paying this fee but Mastercard would then be turned off on the account.

Please advise

Henry

cots 05-06-2013 11:08 AM

Mastercard are obviously clamping down probably because of fraud/money laundering. CCBill have just asked me to provide a ton of ID stuff and I have to provide it or lose all Mastercard charging options.

Sign of the times I guess.

nyllover 05-06-2013 11:22 AM

Quote:

Originally Posted by cots (Post 9767)
Sign of the times I guess.

Very well said i'm afraid. We got the same e-mail and well it's nothing new... actually also CCBill should ask for those money soon, they said they will.

cots 05-06-2013 11:25 AM

Quote:

Originally Posted by nyllover (Post 9771)
Very well said i'm afraid. We got the same e-mail and well it's nothing new... actually also CCBill should ask for those money soon, they said they will.

I think it's just new clients. As I understand it they have been asking for a fee from new clients for quite a while. $750 springs to mind.

nyllover 05-08-2013 09:00 PM

CCBIll you mean? uhmmm...well i hope that's the case then... :)

nyllover 05-09-2013 09:09 PM

Here we are...got this one from CCBill...so it's 1.000$ more or less down the toilet... oh yeah

Quote:

As you may be aware, starting May 24, 2013, MasterCard will be implementing an annual fee of $500 as a requirement for accepting payments on what MasterCard deems as high-risk sales. This fee will be applicable to your online business, and as your trusted e-commerce platform, we need to make you aware of a couple of key items.
- CCBill is a MasterCard Payment Facilitator; meaning we will process MasterCard sales, provided the annual fee is paid
- Five $100 payment installments will be automatically subtracted from your payouts over a five week period so you can keep processing MasterCard
- These $100 installments will begin with your payout checks dated May 20
If you do not wish to keep MasterCard as a payment option, contact Contract Administration at contractadmin@ccbill.com

Toby 05-09-2013 10:11 PM

Does your CCBill merchant stats break down cc sales by card type so you can make an informed decision?

If so, what percentage of the total is typical? I'm fully expecting a fair number of smaller programs to opt not to take MC rather than pay the fee. I'm wondering what kind of impact that is likely to have on the bottom line.

cots 05-10-2013 07:23 AM

You can find out the Visa/Mastercard split but I can only find a very long and tiresome way of doing it. There doesn't seem to be a summary anywhere from what I can see. If anyone knows a shortcut then please post it here.

On the broader subject how long will it be before Visa implements this too? I fear it won't be long. Is the $500 the fee irrespective of billings/revenues or is it tiered so that larger earners pay more? It seems dreadfully unfair that someone earning $50,000 per annum pays the same as a company with a turnover of $500,000. If it's "risk management" then the higher the revenue the higher the risk surely?

Ultimately I believe this will cause a large number of smaller operators to close. It really is getting to the point where it won't be worth carrying on!

cots 05-10-2013 07:37 AM

Another question. Are Epoch also going to charge, and maybe NetBilling and other processors? Or is it just CCBill?

cots 05-10-2013 07:42 AM

Whoops one more thing. The email from CCBill (which I haven't received directly but via Jay) says $500 in one lump. Above it says $100 per week for 5 weeks. Which is it?

thor 05-10-2013 07:43 AM

high-risk sales, don`t make me laugh.
Meanwhile around the word online business is exploded. I think they are looking for another form to earn money more and more.

thor 05-10-2013 07:58 AM

Five $100 per week.
Quote:

Originally Posted by cots (Post 9786)
Whoops one more thing. The email from CCBill (which I haven't received directly but via Jay) says $500 in one lump. Above it says $100 per week for 5 weeks. Which is it?


Jess 05-10-2013 08:54 AM

5x 100$ per pay period, not for week

cots 05-10-2013 10:54 AM

Has everyone had this mail from CCBill? I didn't receive one and I now know other webmasters who haven't. Is there a "mimimum" sales level for it?


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