Originally Posted by RonC

KK

This is the one statement that will DEFINE 2009 in the Adult industry

"Bad apples, good apples, there aren't many apples left in the basket as far as banks"


I just amazes me that more people don't realize how huge this is. You have the largest high risk bank in the WORLD. Saying goodbye to 500+ million per month in processing. THIS IS HUGE!!!! You also have every other high risk bank in the world on NOTICE to not accept or be very careful who they take in as a new/existing client. Make no mistake ICC did not just wake up and decide they would stop making a TON of Money in high risk processing. They WERE FORCED to stop.

The one question nobody has brought up is will merchants get their last week+ of transactions wired to them. Will the bank hold them and their reserves for years to protect against losses. Will ISO just pocket the money and never pay the merchants. Time will tell but I think we will start hearing stories shortly just like the Ibill days just a lot more and Larger.

Anybody want to guess how many post per week we will see about Whatever program no paying.

Will rest assured that CCbill checks will continue to go out ON TIME just like they have for the last 10+ years.

Ron C