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

AM Jeff · 10-03-2002, 07:19 AM

The reason banls are asking for a rolling reserve is because, we sell porn on the net.

Now, if we actually had a storefront with goods to sell.
That'd be another story.

But when it comes to services where you cannot get a signed reciept. Most banks do require that.
Banks KNOW that services sold on the internet are high risk. Therefor they normally ask for a reserve.
If they don't at first. Expect a reserve amount in a few months.
That means also locking up some of your money owed to you for a peroid of 6 months or so..to protect themselves.

Thanks Mitch for following up on that. I didn't add that part to my post t the top of the page.

In this business.
There are a few hiddin cost. Not just the setup fee involved.
Yes, having your own merchant account does have its advantages. But also has its disadvantages too.
You get over that 2.5 %, you'll get spanked.
In this business, if your not careful and very through in what you do and your customer service.
You'll get spanked.

Yeah Hooper, I agree with you.
I've seen some sites promise the moon and when you get on their membership site. They maybe have 1,000 pics. If that.
Industry as a whole needs to be cleaned up.

10-03-2002, 07:19 AM
AM Jeff Confirmed User Join Date: Aug 2002 Location: The House Of Rage Posts: 1,320	The reason banls are asking for a rolling reserve is because, we sell porn on the net. Now, if we actually had a storefront with goods to sell. That'd be another story. But when it comes to services where you cannot get a signed reciept. Most banks do require that. Banks KNOW that services sold on the internet are high risk. Therefor they normally ask for a reserve. If they don't at first. Expect a reserve amount in a few months. That means also locking up some of your money owed to you for a peroid of 6 months or so..to protect themselves. Thanks Mitch for following up on that. I didn't add that part to my post t the top of the page. In this business. There are a few hiddin cost. Not just the setup fee involved. Yes, having your own merchant account does have its advantages. But also has its disadvantages too. You get over that 2.5 %, you'll get spanked. In this business, if your not careful and very through in what you do and your customer service. You'll get spanked. Yeah Hooper, I agree with you. I've seen some sites promise the moon and when you get on their membership site. They maybe have 1,000 pics. If that. Industry as a whole needs to be cleaned up.