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Originally Posted by RazorSharpe
You're missing the point. They want to know where and to whom money is being transferred. This isn't about who initially takes in the money. Sites could be setup legitimately but payments could be funnelled to terrorists under the guise of affiliate payments.
Of course they're interested in covering their asses. Wouldn't you be? And just because it isn't government mandated, associations like Visa and MC, and even the banks, are well within their rights to try and shield themselves by knowing who their customers are doing business with.
You'd need to provide all this information and more if you wanted to get your own ccbill, epoch, or even merchant account.
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There is a different level of relationship with a biller who sends funds weekly or even daily and some affiliate program that owes you $500. I even kind of get it for cam programs that send larger sums regularly, but the folks who have hit me up for it so far are ridiculous, in the sense that nobody is buying lost Russian nukes with their tiny payouts. And really the US government can flag suspicious 1099 forms already, can't they?