Quote:
Originally Posted by Barefootsies
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.
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I hear you... But I am not seeing the problem on the same scale you are apparently seeing it.
A FEW programs went bust. A FEW others got bought by SOBV and stopped paying their affiliates. When I say few I mean a market share of less than 2% of the entire industry.
So I am not seeing what you are seeing since I am going by the factual information presented to me and the rest of the public. If you have other more in depth info on more programs than we have seen, please do share!