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We did great profits from Backpage. We pull in 20K a month a month on backpage and what some of you didn't know since no one in this thread has mentioned is that Backpage had a sister site that not alot of people knew about PostFastr.com and we pulled another 5-7K a month on it too. I am not going to lie and say it doesn't suck when I just lost 25-27K revenue but it is what it is.
To be honest, we could see it coming, when credit card companies started to refuse processing payments on the Backpage, it was imminent that backpage was going to be shut down at some point. The US gov't doesn't like a US company making 150M tax free revenue a year and not being able to tax a penny of it because Backpage owners had their liquid assets in Bitcoin.
For anyone not knowing about Postfastr, it was created by Backpage as a means to accept credit card payments. It looked exactly like the Backpage site but with a yellow and black color scheme instead of the light blue scheme. Same setup and everything. Backpage couldn't accept credit cards. But Postfastr was able to. The trick was that when you paid for credits on your Postfastr account, magically, Postfastr would deposit those same credits in both your Backpage and Postfastr accounts. They found a way to circumvent credit card companies not processing for Backpage. Then a few months ago, the US gov't caught wind of the trick, and Postfastr was no longer accepting credit card payments. So as you can see, we knew it was coming...
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