German Paper Says Manwin May Lose Their Bank - GoFuckYourself.com

xxxjay · 12-20-2012, 07:02 PM

http://www.lukeisback.com/2012/12/ge...se-their-bank/

Juicy D. Links · 12-20-2012, 07:22 PM

wow..........

mineistaken · 12-20-2012, 07:23 PM

good stuff

Robbie · 12-20-2012, 07:54 PM

Bwaaahahahahahahahaha!

Karma is a real bitch.

L-Pink · 12-20-2012, 08:09 PM

I wonder if anyone has tattooed tits on fabians back yet?

.

woj · 12-20-2012, 08:14 PM

losing a bank account doesn't have any significance, it's at worst an inconvenience...

it's nothing more than: "Hey, we don't want to work with you anymore, we are closing your accounts on 01/20/2013, you have 30 days to make other banking arrangements"... it's not like any funds are lost or frozen in the process...

...and the article only states that they "may" lose it...

sandman! · 12-20-2012, 08:18 PM

that would suck

Due · 12-20-2012, 08:20 PM

HAHAHAHA this is awesome

Quote:

the German government provided it with an infusion of 18.2 billion euros in December 2008 and January 2009 in order to see the bank through the global financial crisis.

I don't really care if its manwin or apple they turn down. It's awesome they take tax dollars AND turn down business

That's comedy to me

xXXtesy10 · 12-20-2012, 08:21 PM

Quote:

Originally Posted by woj

losing a bank account doesn't have any significance, it's at worst an inconvenience...

it's nothing more than: "Hey, we don't want to work with you anymore, we are closing your accounts on 01/20/2013, you have 30 days to make other banking arrangements"... it's not like any funds are lost or frozen in the process...

...and the article only states that they "may" lose it...

Business as usual, happens all the time, haters gonna hate

charlie g · 12-20-2012, 09:27 PM

Quote:

Originally Posted by L-Pink

I wonder if anyone has tattooed tits on fabians back yet?

.

<-----------------------would pay to see that!

xXXtesy10 · 12-21-2012, 12:52 AM

Quote:

Originally Posted by charlie g

<-----------------------would pay to see that!

I am a surfer, website for that chick?

Dirty F · 12-21-2012, 12:57 AM

Quote:

Originally Posted by Robbie

Bwaaahahahahahahahaha!

Karma is a real bitch.

There is no such magical thing as karma.

mikesouth · 12-21-2012, 01:16 AM

welcome to 5 days ago....thats when that broke on mikesouth.com

Dirty F · 12-21-2012, 01:39 AM

Quote:

Originally Posted by mikesouth

welcome to 5 days ago....thats when that broke on mikesouth.com

Jay is always slow with breaking news. He will never learn either. He is so arrogant that he thinks he is always the first to talk about it. Even if he know he isn't he will still start a thread. He thinks he is special.

Robbie · 12-21-2012, 01:45 AM

Quote:

Originally Posted by woj

losing a bank account doesn't have any significance, it's at worst an inconvenience...

Guess it's according to what kind of banking you do.

For me to change banks is a MAJOR thing. I have a lot of money coming in from a lot of different places.

And if it's their Merchant Account...then this is more than just an "inconvenience".

Michael O · 12-21-2012, 02:06 AM

Quote:

Originally Posted by woj

losing a bank account doesn't have any significance, it's at worst an inconvenience...

it's nothing more than: "Hey, we don't want to work with you anymore, we are closing your accounts on 01/20/2013, you have 30 days to make other banking arrangements"... it's not like any funds are lost or frozen in the process...

...and the article only states that they "may" lose it...

From the article "is one of the leading acquiring banks for online transactions."

Robbie · 12-21-2012, 02:15 AM

Quote:

Originally Posted by Michael O

From the article "is one of the leading acquiring banks for online transactions."

Sounds like Merchant Account to me. Not good for Manwin.

Captain Kawaii · 12-21-2012, 02:22 AM

Well, that's just dandy.

DWB · 12-21-2012, 03:46 AM

Quote:

Originally Posted by JohnnyClips

why is that funny?

Because Aliens!

Black All Through · 12-21-2012, 04:50 AM

No big deal, there will be dozens of banks rolling out the red carpet for his "millions"

2MuchMark · 12-21-2012, 06:03 AM

Quote:

Originally Posted by woj

losing a bank account doesn't have any significance, it's at worst an inconvenience...

it's nothing more than: "Hey, we don't want to work with you anymore, we are closing your accounts on 01/20/2013, you have 30 days to make other banking arrangements"... it's not like any funds are lost or frozen in the process...

...and the article only states that they "may" lose it...

I disagree. While cash may not be lost, reputation, credit worthiness etc, might be affected. Can you imagine going to a bank to open some accounts after another bank decided to stop doing business with you? bad scene...

pornguy · 12-21-2012, 06:42 AM

Quote:

Originally Posted by Due

HAHAHAHA this is awesome

I don't really care if its manwin or apple they turn down. It's awesome they take tax dollars AND turn down business

That's comedy to me

Yep.

I totally agree.

Jel · 12-21-2012, 07:11 AM

Quote:

Originally Posted by DWB

Because Aliens!

lmao, best reply I've read all year

Robbie · 12-21-2012, 11:43 AM

Quote:

Originally Posted by Black All Through

No big deal, there will be dozens of banks rolling out the red carpet for his "millions"

I would say "yes" to that if this were pre-911. But banks worldwide have tightened their reigns (if you have a business account at a bank you know what I'm talking about).

I'm sure they will find a bank, but it's not gonna be "rolling out the red carpet" for them.
UBS Bank in Sweden just got fined 1.5 BILLION dollars today.

HSBC bank just paid a $1.9 BILLION dollar settlement 6 days ago for money laundering.

No, it's gonna be a real pain in the ass for Manwin. And this is only the beginning.

stever · 12-21-2012, 11:54 AM

you think manwin only uses 1 bank for their sites?

Robbie · 12-21-2012, 11:58 AM

Quote:

Originally Posted by stever

you think manwin only uses 1 bank for their sites?

Nope. But I do think that this will have repercussions on them.

As I said above...several banks are getting in trouble already around the world for various money laundering, etc. All of them are nervous because the govt. is all over their ass.

I would assume that if I were one of the banks that Manwin does business with, I would have some concerns about continuing to do business with them. And at the very least would charge them a LOT of money to continue doing business.

PR_Phil · 12-21-2012, 12:41 PM

ruh roh!

PR_Phil · 12-21-2012, 01:04 PM

http://www.brazzers.com/home/?nats=N...U0OjI0,0,0,0,0

scroll to the bottom of Brazzers, there are 4 company addresses there, so they have at least 4 different merchant banks for Brazzers.com, under 4 different companies (4 different jurisdictions). they also list 4 different IPSP's so they have 8 different billing options.

loosing 1 does not change anything for them, but would heighten risk, they would say they use 4 different merchant banks in order to optimize throughput and minimize international interchange fees, but realistically, they are curbing their chargeback risk, so they now only have 3 places to spread their risk among.

if a couple more banks chose to not do business with them things would get dicier, as they do large volume, and it would be pretty risky to have all their transactions in 1 account, legally it presents similar liability, but it is right there for the card associations to see when it is all on one account. if that happened I would think they would start pushing volume to the ipsp's to minimize risk.

that's when it would start to affect them, going from paying 4% to 10% fees, and being bound by the rules that are imposed by IPSP's. On top of that, they would go from getting daily settlements at the bank, at the end of each day, to getting daily settlements from an IPSP at least 7 days held back (loos a weeks cash flow, which for them is likely millions).

yes, I am sure other banks would be willing to work with them, but it is not an overnight open an account thing, it takes a lot of work to get a merch account quickly, and sites the size of brazzers take a while just to pass G2 scans for compliance.

If a bank said they were closing fabians accounts for chargebacks, I would say it is no worry for him, when a bank refuses to work with someone because of potential reputational damages, there is a good chance others will follow suit, and it is potentially catastrophic for them.

Forest · 12-22-2012, 09:08 AM

any major company in this business has 10, 20, 100 mids

if this is all just loosing a mid then i would think they would have plenty more where those come from

I have clients miniscule in comparison to manwin with 10 corps and 1 mid per corp just sitting on the shelf in case they lose one

DamianJ · 12-22-2012, 09:33 AM

Quote:

Originally Posted by Robbie

Sounds like Merchant Account to me. Not good for Manwin.

Yeah, they probably only have one. This will kill them.

</sarcasm>

MrDeiz · 12-22-2012, 10:08 AM

It's like they never knew what their big client is doing LOL

ZeroHero · 12-22-2012, 06:03 PM

oh yes , i forgot to tell you , nothing is happen or will be , its just for more publicity and few new EU investments for Manwin.

V_RocKs · 12-23-2012, 12:22 AM

Starting to look like a witch hunt by the German government to make an example of a pornographer and less like he actually did anything wrong.

SomeCreep · 12-23-2012, 02:33 AM

Don't worry, they won't. Manwin is "too big to fail." They're like the GE of the porn industry. The govenment's got our back, rofl.

SEXTANT · 12-23-2012, 02:55 AM

Quote:

Originally Posted by ZeroHero

oh yes , i forgot to tell you , nothing is happen or will be , its just for more publicity and few new EU investments for Manwin.

nice thinking , very possible

dgraves · 12-23-2012, 03:24 AM

Theft will always be a short term business model.

dgraves · 12-23-2012, 03:28 AM

Quote:

Originally Posted by SomeCreep

Don't worry, they won't. Manwin is "too big to fail."

No such thing as "too big to fail". It's more like "the bigger they are, the harder they fall".

NETSEX · 12-23-2012, 05:03 AM

Quote:

Originally Posted by dgraves

Theft will always be a short term business model.

that is right mr.graves

Forest · 12-23-2012, 08:01 AM

Quote:

Originally Posted by Barefootsies

Plus all of those they picked up in their various acquisitions and management deals.

exactly. if all this is is a loss of mids its a non starter and wont even be a blip on their radar

iSpyCams · 12-23-2012, 08:15 AM

I am sure like most larger porn companies they have a dedicated MID or several for each web property and likely each company they acquired has dozens of MIDs.

Unless its Visa or Mastercard that wants to break ties with them I would say that losing one German bank is not going to be any concern at all.

MaDalton · 12-23-2012, 09:21 AM

i said it before (at the time it actually happened): pure hypocrisy by that bank which is still billing for other big porn companies. it might have something to do with the fact that they are currently under government control cause they are a shitty bank.

it's just PR - it has nothing to do with anything other than this specific german Manwin VAT problem - which is not even proven to be illegal yet - since Manwin was operating those sites already before they had their german office.

12-20-2012, 07:02 PM	#1
xxxjay Tube groupie. Industry Role: Join Date: Aug 2002 Location: LoScandalous, CA Posts: 13,483	German Paper Says Manwin May Lose Their Bank http://www.lukeisback.com/2012/12/ge...se-their-bank/ __________________ http://donttellmehowtoruinmylife.com/ - http://www.jmdigitalmarketing.com/my...s-and-reviews/ - http://www.wouldyouhitit.org - http://shinyobjectreviews.com/

12-20-2012, 07:54 PM	#4
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,958	Bwaaahahahahahahahaha! Karma is a real bitch. __________________ -Robbie ClaudiaMarie.Com

12-20-2012, 08:09 PM	#5
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,152	I wonder if anyone has tattooed tits on fabians back yet? . Last edited by L-Pink; 12-20-2012 at 08:11 PM..

12-20-2012, 08:14 PM	#6
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	losing a bank account doesn't have any significance, it's at worst an inconvenience... it's nothing more than: "Hey, we don't want to work with you anymore, we are closing your accounts on 01/20/2013, you have 30 days to make other banking arrangements"... it's not like any funds are lost or frozen in the process... ...and the article only states that they "may" lose it... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager Last edited by woj; 12-20-2012 at 08:20 PM..

12-20-2012, 08:18 PM	#7
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,432	that would suck __________________ Need WebHosting ? Email me for some great deals [email protected]

12-20-2012, 07:22 PM	#2
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	wow..........

12-20-2012, 07:23 PM	#3
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	good stuff

12-21-2012, 01:16 AM	#13
mikesouth Confirmed User Industry Role: Join Date: Jun 2003 Location: My High Horse Posts: 6,346	welcome to 5 days ago....thats when that broke on mikesouth.com __________________ Mike South It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.

12-21-2012, 02:22 AM	#18
Captain Kawaii So Fucking Banned Industry Role: Join Date: Oct 2007 Posts: 6,748	Well, that's just dandy.

12-21-2012, 04:50 AM	#20
Black All Through Confirmed User Industry Role: Join Date: Oct 2010 Location: US Posts: 2,078	No big deal, there will be dozens of banks rolling out the red carpet for his "millions" __________________ I want to buy contextual links on quality blogs For both Adult and mainstream niche - Small to massive packages

12-21-2012, 11:54 AM	#25
stever Confirmed User Join Date: Jul 2005 Posts: 1,713	you think manwin only uses 1 bank for their sites? __________________ Brutal Bucks has extreme sites that convert!

12-21-2012, 12:41 PM	#27
PR_Phil Confirmed User Industry Role: Join Date: Apr 2003 Location: knee deep in dirty diapers Posts: 1,960	ruh roh! Last edited by PR_Phil; 12-21-2012 at 12:42 PM..

12-21-2012, 01:04 PM	#28
PR_Phil Confirmed User Industry Role: Join Date: Apr 2003 Location: knee deep in dirty diapers Posts: 1,960	http://www.brazzers.com/home/?nats=N...U0OjI0,0,0,0,0 scroll to the bottom of Brazzers, there are 4 company addresses there, so they have at least 4 different merchant banks for Brazzers.com, under 4 different companies (4 different jurisdictions). they also list 4 different IPSP's so they have 8 different billing options. loosing 1 does not change anything for them, but would heighten risk, they would say they use 4 different merchant banks in order to optimize throughput and minimize international interchange fees, but realistically, they are curbing their chargeback risk, so they now only have 3 places to spread their risk among. if a couple more banks chose to not do business with them things would get dicier, as they do large volume, and it would be pretty risky to have all their transactions in 1 account, legally it presents similar liability, but it is right there for the card associations to see when it is all on one account. if that happened I would think they would start pushing volume to the ipsp's to minimize risk. that's when it would start to affect them, going from paying 4% to 10% fees, and being bound by the rules that are imposed by IPSP's. On top of that, they would go from getting daily settlements at the bank, at the end of each day, to getting daily settlements from an IPSP at least 7 days held back (loos a weeks cash flow, which for them is likely millions). yes, I am sure other banks would be willing to work with them, but it is not an overnight open an account thing, it takes a lot of work to get a merch account quickly, and sites the size of brazzers take a while just to pass G2 scans for compliance. If a bank said they were closing fabians accounts for chargebacks, I would say it is no worry for him, when a bank refuses to work with someone because of potential reputational damages, there is a good chance others will follow suit, and it is potentially catastrophic for them. __________________

12-22-2012, 09:08 AM	#29
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 8,973	any major company in this business has 10, 20, 100 mids if this is all just loosing a mid then i would think they would have plenty more where those come from I have clients miniscule in comparison to manwin with 10 corps and 1 mid per corp just sitting on the shelf in case they lose one

12-22-2012, 10:08 AM	#31
MrDeiz SignBucksDaily.com Join Date: May 2008 Posts: 9,802	It's like they never knew what their big client is doing LOL __________________ Make money with WEBC$MS The only way to still make money in adult

12-22-2012, 06:03 PM	#32
ZeroHero So Fucking Banned Industry Role: Join Date: Nov 2007 Location: Westbahnhof Posts: 15,336	oh yes , i forgot to tell you , nothing is happen or will be , its just for more publicity and few new EU investments for Manwin.

12-23-2012, 12:22 AM	#33
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,391	Starting to look like a witch hunt by the German government to make an example of a pornographer and less like he actually did anything wrong.

12-23-2012, 02:33 AM	#34
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Don't worry, they won't. Manwin is "too big to fail." They're like the GE of the porn industry. The govenment's got our back, rofl. __________________ Webair Hosting I use and recommend Webair for hosting.

12-23-2012, 03:24 AM	#36
dgraves Confirmed User Industry Role: Join Date: Nov 2005 Location: Scottsdale Posts: 2,283	Theft will always be a short term business model. __________________ Gloryhole Swallow \| Cumpsters \| Spy Tug \| Cum Clinic \| Chica's Place

12-23-2012, 08:15 AM	#40
iSpyCams Amateur Gynecologist Industry Role: Join Date: May 2009 Location: Medellin Posts: 4,436	I am sure like most larger porn companies they have a dedicated MID or several for each web property and likely each company they acquired has dozens of MIDs. Unless its Visa or Mastercard that wants to break ties with them I would say that losing one German bank is not going to be any concern at all.

12-23-2012, 09:21 AM	#41
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,826	i said it before (at the time it actually happened): pure hypocrisy by that bank which is still billing for other big porn companies. it might have something to do with the fact that they are currently under government control cause they are a shitty bank. it's just PR - it has nothing to do with anything other than this specific german Manwin VAT problem - which is not even proven to be illegal yet - since Manwin was operating those sites already before they had their german office. __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com