So i was just chatting with someone who told me there is a meeting planned with Visa sometime in the next few weeks about companies using multiple aquiring banks to process transactions in order to 'launder' their shitty chargeback ratios because of x-sells.
By that what i mean is, these programs will process via bank1 until they hit 99 chargebacks then, suddenly, start using bank2 until they hit 99 chargebacks with them, then change to bank3, etc, etc.
Does anyone know of any companies that do this, apparently there are quite a few doing it, specifically those who are able to 'swap' out their processor at the click of a button using cascading billing.
Its actually a sneaky way of maintaining chargeback ratios and im not suprised Visa is cracking down on this business practice.
Regards,
Lee
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