Quote:
Originally Posted by Sly
No, not really. You guys should talk to a bank and see what they consider high risk. It covers a wide plethora of industries and many of you would be very surprised to see what is considered high risk.
Here are just a few of the industries:
Travel
Telemarketing merchants
Tobacco and cigarettes
Replica products
Online auctions and debt services
E-wallet and E-cash
ISP and hosting services
Online dating services
The common denominator is easy chargebacks, not XYZ scam. Whether any of us like it or not, a bank is going to side with a customer complaining about a $50 charge long before they side with a merchant.
Newsflash everyone. The world is not out to get you. You have options. Explore. Study. Take advantage of them.
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"high risk" as in $500 annual fees and "let's not let the transaction go through unless <insert a bunch of highly restrictive conditions here". Not necessary "high risk" as in banking jargon.
I guess I haven't been paying attention as it doesn't directly affect me but the new fees are only for adult IPSP users, right? Or do they include these other industries as well?
I remember when the chargeback thresholds were first lowered. It was primarily due to adult and the industry scumbags and their games. It wasn't because of replica watches. I remember when American Express pulled out too. It's always been the story in adult that a few scumbags (usually at the top) ruin it for the rest of us. It seems to happen over and over. If it's not banging cards it's linking in mainstream cross sale schemes or it's stealing content and destroying the paysite side of the business for thousands of others. There's a pattern.