From a post on GFY:
Quote:
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Originally Posted by RonC
Effective Immediately MasterCard is going to enforce rule 5.10.1
http://www.mastercard.com/us/merchan...Rules_5_08.pdf
Pre-Checked Cross sells are now officially DEAD!!!!!!!!!!!
Fines will be 50k per week per account
30 days for banks to cancel all accounts or termination of their right to process
This rule will not affect IPSP accounts since we are viewed as a single merchant in MasterCard's eyes.
WOW!!!!!!!!!!! The day before Christmas this is really PRICELESS
Ron C
CEO
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CCbill.com
Cavecreek.com |
I hope VISA follows suit. Merry Christmas!