>>I am not trying to be Mr. Gloom and Doom. I just work for a credit card payment processor and deal with this stuff every day. My guess is 95% of the merchants out there don't understand the gravity of the new rules.
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>Well 95% of business are not compliant and my guess that Visa/Mastercard isn't going after these businesses if they plan on keeping their cash cow that is processing fees.
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>Compliancy would basically disqualify 90% of merchants from ever taking credit cards because true compliance is ridiculously complex and prohibitively expensive.
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>No doubt though security is important REGARDLESS of the Visa/MC rules. <s>
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>But it's just another one of those things that banks rammed through congress screwing the consumer and merchants in favor of the big banks.


I hesitated to mention this but the main things my company offers are low cost processing and protection against privacy laws. If you're with us, you are protected. Most of our merchants are the so-called Tier 4 sellers who don't do a lot of volume. They still have a lot of exposure. I have been a big fan of yours for years and will be happy to facilitate a deal. There's nothing in it for me. I just don't want to hear your company went cowabunga because your credit card records got hacked.