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Originally Posted by will76
Wow. Maybe we don't love you.
For argument sake lets say it is 100% the same as visa, wouldn't you like to have an alternative ?
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See, it's not a real business idea. It's some fantasy dream. Go make your company as large as VISA and then tell me if the adult internet porn sector matters to you at all. You wanna start a credit card company. Fine, good luck. How many major credit card companies are there? And somehow charging bussineses less per transaction on high risk transactions is giving you a leg up on the competition? Sorry, if anyone had the funding to get into that game, they would be stupid as fuck to waste a single second caring about this fucking industry, let alone making it the reason a consumer should use their card. Hell, if anything it's a reason for consumers to not use your card.
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Answer me this, with no alternative, if Visa pulls the plug what do you think will happen to the industy ?
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VISA won't ever stop processing adult. If they do the money just shifts to someone else. MC, discover, whatever. Not to mention ach processing would go through the roof.
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So you are saying you are not worried about visa getting more and more restrictive on sites.
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No, I'm not. If you they get more restrictive we just bend to the rules. Everyone has a visa card, you'd be stupid to not do whatever it takes to continue processing them.
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You are not worried that visa fees may go up a lot over time, that their acceptable chargeback % may get lower.
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So what if visa fees go up? Adult sites are high risk for a reason. Our industry is full of fraud, chargebacks, scamming, etc. There is a reason for the fees. Maybe you'll understand when you're behind the wheel of your own credit card company.
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You think there is not chance in hell that visa can start doing like search engines and domain name registers and start policing sites, or start banning sites from using them for processing because the site has words like " teen " in the url or on the site.
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Again, no new credit card company is gonna sweep in and take things over. Other established cc companies and alternative processing methods will pickup the slack. Of course this is in some fantasy land where visa stops processing adult. It will never happen. Basing business plans on "what ifs" is hardly a good idea. "We will be sucessfull if VISA pulls entirely out of the industry." Good luck securing funding.
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You think there is zero chance that if .xxx was ever passed and adult sites were forced to use .xxx that visa would stop processing the .com 's ? I am sure there are a million other things that could happen.
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Hinge your business model on some possible travesty that may or may not change the way credit card processing is handled for the small amount of transactions the adult industry does. Great idea. I'd rather move all my shit to .xxx domains to be able to keep processing visa than leave everything on .coms and make some new unknown porno card my main processor. Sorry, consumers use visa. I'm bending to their rules no matter what. Why? Because it's more profitable for me.
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Obviously, you must be 100% confident that visa will be around for ever and will be as "friendly" as they are now.
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Maybe, I don't really care what they do. There are bigger, more realistic threats to the adult internet industry than visa not processing.
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How would an alternative hurt things? How would having an option be a bad idea ? Someone explain that to me. You guys always say ' don't have all your eggs in one basket" what do you think you are doing with visa ?
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Alternatives don't hurt. Starting up a credit card company isn't a realistic solution. And if you somehow secured funding for such a thing, you'd be a fool to cater to the adult internet industry in any way. It would just make consumers not get your card. I just think it's a very dumb idea.