GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Shap, I have a question for you...Free Found Money

will76 · 10-14-2010, 08:23 PM

Quote:

Originally Posted by CyberAge-Dave

Not sure what you do with your Declines, but we have a program that after whatever cascading your doing on your end, we give the surfer a chance to enter your site on Credit, we do the credit check and if it comes back legit (Basically just verifying they are who they say they are), we give them credit for the price of your membership and give them access to your site on the fly, we then bill them by either email or sending a statement to their home. However they wish.

We then do the collections, collection rate is about 50% because people don't want to ruin up there credit for around 30 bucks. We get paid by the surfer, we send you 50%.
Also, once they pay, they have the option to stay on board with the monthly membership.

We have been using this for years and it's a proven system. Once we get paid, you get paid, webmaster gets paid.

I call it Free Found Money.

We never really pushed this product outside our company, but it's actually built in our processor that's in Nats and MPA3.

We've had a few BIG OFFERS to buy it many years ago, but we don't like selling things around here for some reason.

If interested, I'll have the programmers show you or your programmers a demo.

You can also customize the pages.

Thanks,

Pretty good idea Dave, thanks for sharing.

My philosophy was always to let them spend anyway to a certain point that you feel comfortable risking (if their card was good just had no funds available at that time) and then just check it once a week for a month then once a month for a long as you need too. I would even tell the person " You credit card does not have funds but we will still allow you to have up to $xx on t he site and collect from you later when funds are available. Some people really appreciate that. Eventually most of them will go through. If you straight up declined people not only do you never make the sale, but they may not come back when they do have funds. This way you get a customer, he will appreciate the "loan" basically and you should collect in the future, and once he sends off his credit card payment he might come back and drop a lot more money.

Your suggestion would be taking the above one step further and if you are unable to collect from the person after a couple months then do the collection agency, send to the house approach.

Good info...