Tag Archives: greed

New Visa credit card processing fees

Visa recently announced several new fees impacting merchant credit card processing costs. Continue reading

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Chase follows the Rate Jacking trend

I hate it when I predict bad things accurately. Continue reading

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Credit Card Fraud as a Business

If names like Max Butler, Jeff Norminton, Brett Johnson and Christopher Aragon don’t mean anything to you, it’s probably because you don’t follow the carder scene as closely as I do. Continue reading

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Visa Doesn’t Like Merchants

Visa and MasterCard don’t like merchants and they spent a million and a half dollars in the second quarter of 2008 to prove it. Continue reading

Posted in credit card fraud, e-Commerce, greed, Interchange Fees, merchant | Tagged , , , | 6 Comments

“Housing Bill” Affects E-commerce Merchants

Starting in 2011, the bank or other company that processes a merchant’s debit and credit card transactions must send the Internal Revenue Service a form disclosing the dollar amount of payments the merchant received on those cards each year. Continue reading

Posted in e-Commerce, government accountability, greed, merchant | Tagged , , , , | 4 Comments