Quote:
Originally Posted by mopek1
So when you (barefootsies) and others use the phrase 'tip of the iceberg' you are referring to merchants like paypal, epass, neteller, ibil etc... Not programs like topbucks, nasty, ccbill etc...
|
I am referring to the current state of financial's with 'some' programs within the industry.
Specifically merchant banks, and what is going on behind the scenes with programs and their processing. Them not paying affiliates, not being able to process new sign ups, the scrubbers being on full blast, loss of cross sales, you losing all your rebills when their merchant accounts get nuked, and shit like that.
There are some things going on that are sending a huge ripple effect across the back end of programs, merchant banks, and what not that is not generally talked about on the boards. Although you are seeing some of the symptoms of the underlying issues. Right now a lot of programs are dancing around trying to handle their current processing issue(s), but a lot of those doors are closing.