Quote:
Originally posted by Kimmykim
Almost correct.
Third party processors have had to stay in line since then or out they go, like Sypro, Digiblaze, etc.
Website owners with large volume and their own merchant accounts playing internet cowboy caused this.
Banks are sick of getting burned by pornographers, gambling site owners and other high risk transaction companies.
There is a reason it's called high risk.
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I remember Sypro... I had just started a small paysite.... Got 20 or so sign-ups within 2 days... And they went went under... Shit some of the Big boss's were in on it I think(the fraud). That was my one and only paysite.
...One guy I talked 2 had just gotten his all up and running... he got burned for like 15K... and most were for recurring.... what a fucking mess...