GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Joint Statement from IBill, CCBill and Epoch / Paycom

Kimmykim · 10-02-2002, 02:39 PM

What a fucking stupid thread. I only read the first two pages and the last one, but I am completely astounded by the fact that people spend more time crying than looking at the situation objectively.

1. Registration fee. Big fucking deal. If you don't have 750 bucks, turn your site into an avs premium, move the price up a little higher and go on with your business. If you have a reseller program and you arent making enough to afford 750 bucks, then you probably need to re-evaluate how you run your business to start with.

Another option is for site owners to group together, start a new shell to receive payment from processors and distribute funds from that corp based on what each site takes in. Of course if a couple people together have enough to pay for the incorporation and accounting I would think they could just pay to register.

2. Location. I have heard, from a merchant banking house in GERMANY that we deal with, that the regulations are the same there as here. On November 1, if we are not incorporated in Germany they will no longer be able to process for us due to these same regulations. Now WHY in the HELL would a third party Euro banking solution make up something like this? They wouldn't. So for everyone screaming about how processors should go offshore, I guess you'd all better be setting up offshore corporations so you can use them. And it's much more expensive to set up and run a corporation in a different country than it is to pay a registration fee in the one you are in.

3. The most important point of all. WHY this is happening. Well it's pretty fucking simple. You take a bunch of cheats and thieves, let them get access to peoples credit cards and then watch what they do. XPICS among others comes to mind for me, though I'll keep the other names quiet since alot of them still do business today.

It's not just Visa that is sick and tired of the fraud and the cheating, it's the banks themselves. 95% of banks DO NOT accept high risk transactions but due to the fact that they are grouped with other banks that do, they become potentially liable for losses incurred by the banks that do take high risk.

This is a high risk business, not a fucking free for all. Visa, and soon to be Mastercard, are well within their rights to do this, they are for profit companies, as are the banks that issue and acquire cards.

Oh and the Mastercard logo thing is pretty simple. It's a copyright violation, and if you are the one with the merch acct then you have no right to use their logo.

10-02-2002, 02:39 PM
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	What a fucking stupid thread. I only read the first two pages and the last one, but I am completely astounded by the fact that people spend more time crying than looking at the situation objectively. 1. Registration fee. Big fucking deal. If you don't have 750 bucks, turn your site into an avs premium, move the price up a little higher and go on with your business. If you have a reseller program and you arent making enough to afford 750 bucks, then you probably need to re-evaluate how you run your business to start with. Another option is for site owners to group together, start a new shell to receive payment from processors and distribute funds from that corp based on what each site takes in. Of course if a couple people together have enough to pay for the incorporation and accounting I would think they could just pay to register. 2. Location. I have heard, from a merchant banking house in GERMANY that we deal with, that the regulations are the same there as here. On November 1, if we are not incorporated in Germany they will no longer be able to process for us due to these same regulations. Now WHY in the HELL would a third party Euro banking solution make up something like this? They wouldn't. So for everyone screaming about how processors should go offshore, I guess you'd all better be setting up offshore corporations so you can use them. And it's much more expensive to set up and run a corporation in a different country than it is to pay a registration fee in the one you are in. 3. The most important point of all. WHY this is happening. Well it's pretty fucking simple. You take a bunch of cheats and thieves, let them get access to peoples credit cards and then watch what they do. XPICS among others comes to mind for me, though I'll keep the other names quiet since alot of them still do business today. It's not just Visa that is sick and tired of the fraud and the cheating, it's the banks themselves. 95% of banks DO NOT accept high risk transactions but due to the fact that they are grouped with other banks that do, they become potentially liable for losses incurred by the banks that do take high risk. This is a high risk business, not a fucking free for all. Visa, and soon to be Mastercard, are well within their rights to do this, they are for profit companies, as are the banks that issue and acquire cards. Oh and the Mastercard logo thing is pretty simple. It's a copyright violation, and if you are the one with the merch acct then you have no right to use their logo.