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wiredoctor --
For the record, no one that I know of in the processing industry takes Visa or Mastercard lightly, since that would be tantamount to slitting your wrists and laughing while the blood ran out.
Keep in mind that with the volumes of business that certain companies in the adult industry do, it's a neccessity to maintain good relationships with our issuing banks. Those banks do make a healthy profit off a well run adult account, the same as a well run non adult account. The key is well run, in the comparisons.
Visa and MC as a whole don't care about adult either way -- the estimate of adult being less than 1% of their total business is a good one, I'm sure. If they drop the business, they'll hardly notice it. The banks who do business with us, on the other hand, would notice it, so they of course want to keep *well run* accounts on their books.
We are advised of potential changes in policy well in advance of their actually becoming a change, and many times these changes when put to rule barely resemble what they started out to be. We meet with representatives from the cc's, people from our banks, etc. constantly, to clarify, request, and gauge the seriousness of the proposed changes, so that we can react in a timely and appropriate matter to what's coming down the pipe.
On a personal note, I love the convenience of Paypal. From a business standpoint, if I were a card issuing bank, I would hate them. They are a giant liability without the risk return that a liability usually brings from the card issuing bank standpoint. From a governmental standpoint, Paypal is a grey, unregulated area, one that is growing at a phenomenal rate, and whose issues are probably growing at the same rate.
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