Jagex don't actually take credit cards, they use Worldpay who process the transaction on their behalf, then every 30 days pay the remitence into Jagex's bank account.

 

 

 

Worldpay are one of the biggest online payment handling agencys in the world so obviously their checking is not working correctly.

 

 

 

Warcraft is an online game and if they can control their finances correctly with 9m paying members why can't jagex?

 

 

 

I don't buy the credit card argument, it is very tightly locked down now and the checks worldpay/futurepay do are pretty tight, so if 25% of members are using bots that also use stolen credit cards I do not belive you.

 

 

 

So i would say your comments are meritless

 

 

 

Also if you were "so in" the banking sector as you state, you would also know that worldpay offer a ÃÆââ¬Å¡Ãâã250 chargeback guarantee

 

 

 

"The 'Customer Guarantee' is a transactional guarantee designed to protect subscribed customers against 'third party fraud' related Chargebacks, for example stolen credit cards. When Chargebacks arise as a result of third party fraud, WorldPay will deal with the issues related as part of this service."

 

 

 

http://support.worldpay.com/products_se ... guarantee/

 

 

 

have you actually read this?

 

 

 

do you understand enough bureaucratese and legalese to know what it means?

 

 

 

didn't think so

 

 

 

here's the skinny:

 

 

 

Jagex would have to pay extra cut above and beyond what they would already pay to WorldPay for creditcard transactions

 

 

 

assuming that they were eligible to get it in the first place

 

 

 

so even if they could get it, it might not make financial sense for them to do so even with the bots - why? because they'd have to pay 1-2% extra on all transactions, even honest ones - this would nickel and dime them to death

 

 

 

basically this service is a nice looking extra one that isn't that useful to Jagex

 

 

 

If you've ever heard of 'balance protection insurance' for your credit card, this is comparable - its a service that sounds good but only really benefits the issuer of the BPI rather than the customer (you) or the merchant (Jagex)

 

 

 

you wouldn't know it but there are conditions for how fraud transactions are treated

 

 

 

Jagex's monthly subscription is small enough that it would usually get written off and swallowed by the credit card processor - except where incidences of fraud are high - RS being a case, the cost still gets passed on to Jagex, and in all likeliehood this is still cheaper (but not optimal) than this 'Guarantee'

 

 

 

WoW's monthly subscription gets is large enough, particularly when batched into 3 and 6 month periods that the financial institutions really will hunt down the perpetrators for the money and possibly involve law enforcement agencies.

 

 

 

Good try, I commend you on your google-fu, but the point still stands.

LOL, all applause give you ........ =D>

 

 

 

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Welcome to my BLOG

Nice suggestions that you have posted here. I like the idea of letting the amount of QP you have decide how much money you can trade. If Jagex brought these ideas into the game, more people would for sure go questing.

I've completed the required quests for my charater to be suitably powerful.

 

 

 

 

 

Including barrows gloves? that's at least 175 quest points