how long til merchant accounts start blowing up? - GoFuckYourself.com

webmasterchecks · 07-19-2008, 09:44 AM

Got into a interesting discussion recently. there are lots of programs that have moved to their own merchant accounts recently, and there are some *interesting* things on some of their signup forms, god bless their hearts, and you can see payouts stretching.

8 years ago or so, babenet and a few others helped discourage banks from openly taking high risk business, thats when companies like ccbill, ibill and epoch flourished and in recently months this has seemed to change and banks seem much more open issuing mids and youve see programs moving to their own merchant accounts.

with the companies starting to taking advantage of this climate, i can only imagine the banks pulling back like a rubber band when/if the shit hits the fan, especially when they are still having the problems from overextending the mortgages. Just a few weeks ago an adult-friendly bank in CA lost their ablity to proceess high risk adult.

It would be interesting to hear mitchs take on this privately, as netbilling is the main merchant account provider for adult, they are the ones that made it simple to get a merchant account and helped them flourish, would be interesting to see the results of a few reports run off that data

Mutt · 07-19-2008, 10:31 AM

it won't last but these programs know that - always been the same mindset, make as much as you can, and don't worry about anybody or anything else be it the consumer, the affiliate or the industry's future

anybody who thinks any of these special promo days are legit are utter morons - when you have no conscience about screwing surfers what idiot thinks they feel any differently about affiliates?

Mutt · 07-19-2008, 10:34 AM

i'd much rather hear from Epoch/Paycom and CCBILL - they're the ones losing out more than anybody else.

GetSCORECash · 07-19-2008, 10:59 AM

Quote:

Originally Posted by Mutt

it won't last but these programs know that - always been the same mindset, make as much as you can, and don't worry about anybody or anything else be it the consumer, the affiliate or the industry's future

anybody who thinks any of these special promo days are legit are utter morons - when you have no conscience about screwing surfers what idiot thinks they feel any differently about affiliates?

Our Promos are Legit. Ofcourse they aren't as agreasive or give the house away, but they are fair to get you to send us some traffic.

Concerning the merchant account, it will be a sad day if this happens. We tried getting a couple of accounts as we fear the above takeing place, and I can tell you that it is super hard to get a merchant account today. Those that do get one, are very lucky, and should thank the bank chargeing them 10% to process thier sales.

webmasterchecks · 07-19-2008, 07:05 PM

Quote:

Originally Posted by Mutt

i'd much rather hear from Epoch/Paycom and CCBILL - they're the ones losing out more than anybody else.

yea, agree

spunkmaster · 07-19-2008, 07:14 PM

A Banks portfolio can only be made up of 10% of high risk to their assets. As their assets shrink so does the high risk volume they can process !

Be very worried if you don't have backups because some of the major processing banks are getting wacked hard on their real estate and sub prime credit card losses !

Evil E · 07-19-2008, 07:25 PM

Don't big programs have more than 1 merchant account anyways?

cherrylula · 07-19-2008, 07:31 PM

If you knew how shady those companies billing practices were back then compared to what you are referring to now, you would not bat an eye.

webmasterchecks · 07-20-2008, 07:15 AM

Quote:

Originally Posted by cherrylula

If you knew how shady those companies billing practices were back then compared to what you are referring to now, you would not bat an eye.

they had gotten craftier

sltr · 07-20-2008, 08:30 AM

i'm a client of netbilling for 5 years now. i don't see the relation b/w the current sub-prime lending fiasco and getting my merchant account yanked.

i don't see why a bank would "pull back" from one revenue generating center due to another's lack of revenue generation.

webmasterchecks · 07-20-2008, 09:58 AM

Quote:

Originally Posted by sltr

i'm a client of netbilling for 5 years now. i don't see the relation b/w the current sub-prime lending fiasco and getting my merchant account yanked.

i don't see why a bank would "pull back" from one revenue generating center due to another's lack of revenue generation.

After the babenet problem I mentioned years ago, many US/foreign banks were reluctant to issue high risk adult accounts. Humbolt and a handful of other US banks did, and offshore banks did, but they had a vigorous background/credit check and required huge volumes in order to use them. As a result, very few programs were using merchant accounts, most used the IPSPs. The programs that had to use use their own merchant accounts were generally the ones who ran crossells, multiple prechecks, etc and who knew how to manage the risk with Visa/MC, round robin transactions under the chargeback minimums and recycle accounts. They would basically have risky, high- chargeback transactions coming through, but they were experts in manipulating the process in order to keep that fact under the various radars.

In the past 9 months companies like pimproll, naughtyamerica, platinumbucks, datinggold, mediumpimpin, AWE, meatcash, occcash, ragecash have moved to their own merchant account. Im not saying they moved for only shady reasons, as there are other advantages, like lower fees and having direct access to the credit card data. But with this new option, you have much more latitude as well with things processors would prohibit. And you always have a few guys that push things all the way past the limits.

Imo the recent moves have affected epoch much more than ccbill, because of their smaller portfolio of large programs

Good read below about xpics/heartland payments systems that will show you the environment in the past

http://www.riverfronttimes.com/2000-...n-in-the-usa/1

robfantasy · 07-20-2008, 12:34 PM

great read

SmokeyTheBear · 07-20-2008, 12:43 PM

wouldn't it be alot simpler for programs to "buy" memberships to decrease chargeback rate %

like lets say in theory a program puts 100k into 5000 epassporte accounts ( i am just using it as an example )

then near the end of the month they simply buy their own memberships to counteract the amount of chargebacks they have gotten.

webmasterchecks · 07-20-2008, 01:34 PM

Quote:

Originally Posted by SmokeyTheBear

wouldn't it be alot simpler for programs to "buy" memberships to decrease chargeback rate %

like lets say in theory a program puts 100k into 5000 epassporte accounts ( i am just using it as an example )

then near the end of the month they simply buy their own memberships to counteract the amount of chargebacks they have gotten.

there are lots of ways you can do it. in 2000 one well known webmaster made a deal with an issuing bank to issue him 100,000 cards, so that he can run them and the charge as he saw fit. visa caught on when they flagged the bank as doing .00015 of their issuing revenue, but having issued 3% of the cards out there

fuzebox · 07-20-2008, 01:59 PM

Quote:

Originally Posted by SmokeyTheBear

wouldn't it be alot simpler for programs to "buy" memberships to decrease chargeback rate %

like lets say in theory a program puts 100k into 5000 epassporte accounts ( i am just using it as an example )

then near the end of the month they simply buy their own memberships to counteract the amount of chargebacks they have gotten.

Err you know why Epassporte was really started, right?

webmasterchecks · 07-20-2008, 02:06 PM

Quote:

Originally Posted by fuzebox

Err you know why Epassporte was really started, right?

mallick was genius

Quote:

Originally Posted by greenlab

Most of you dont know the real deal behind Epassporte...
Did you ever wonder why everytime someone from epass was posting in threads, they claimed that epassporte has hundred of thousends of users....definetlly not all of them are webmasters

The main scope of existence of epassporte is the issuing of debit cards for chargeback ballancing. It worked like this till now...every %x member that signed up trough paycom (or other processors) for a site membership, were given an epassporte Gift card. It works like this...paycom is giving you a membership to site xxxx for free, as long as you are a member of site yyyyy. In order to process your membership for site xxxx, we are giving you an epass Virtual Visa Gift card. The membership costs 29.99$/month, however, paycom will make sure that the 29.99$ will be deposited everymonth onto your visa gift card.
Actually paycom/epass were crediting your epass visa gift card with 29.99$ every month, and then in 30 secs, they were billing the card though one of designated merchant account, with a cost of just the processing fee (discount rate). By billing hubdreds of thouseds of cards like this, there is now wandering why their chargeback ratio si very low, and they still allow cross sales without any problems...(have seen sites with 2 pre checked crossales).

So this is the biggest reason for epassporte to exist, and this is why it was created...the issuing of plastic debit cards and affiliate/webmaster payments are done just to make epassporte look compliant in the eyes of Visa, as this gets lots of $$$$ volume and they can claim that the main purphose of their service is not the issuing of "gift cards" - and that they are actually a 100% legitimate issuer....

now think for a second...do you think that there are more that 10.000 webmasters that get payments by epassporte ? There is a huge distance to the hundreds of thousents cards that epassporte is claiming they have issued...(and they are telling the truth here). The rest are just "Gift Cards".....and they are trying to offset this by the funds that get moved by affiliate programs and the use of debit cards for widthrawal in all countryes arround the world...

However, thay have gone too far and visa is getting quite close on them....

The trick is somewhat similat to what ibill does with gkard, but the Epassporte trick is much more stable and intellingent...

webmasterchecks · 07-20-2008, 02:12 PM

Quote:

Originally Posted by SmokeyTheBear

wouldn't it be alot simpler for programs to "buy" memberships to decrease chargeback rate %

like lets say in theory a program puts 100k into 5000 epassporte accounts ( i am just using it as an example )

then near the end of the month they simply buy their own memberships to counteract the amount of chargebacks they have gotten.

also, remember what ibill did a few years before they went belly up? they had added a prechecked box on all signup forms for a $1 donation as an attempt to try to balance out their chargeback problems

VicD · 07-20-2008, 02:17 PM

Quote:

Originally Posted by SCORE-Cash

Our Promos are Legit. Ofcourse they aren't as agreasive or give the house away, but they are fair to get you to send us some traffic.

Concerning the merchant account, it will be a sad day if this happens. We tried getting a couple of accounts as we fear the above takeing place, and I can tell you that it is super hard to get a merchant account today. Those that do get one, are very lucky, and should thank the bank chargeing them 10% to process thier sales.

Signed up for your prog, waiting for review, user= vicdxxx

cherrylula · 07-20-2008, 07:45 PM

Quote:

Originally Posted by webmasterchecks

they had gotten craftier

No, really. I know someone that worked for babenet, and from what it sounds like they didn't even cancel people, and the customer service employees laughed at and called customers rude names. Apparently, the owners didn't care about the poor service. And, babenet used to charge by the minute for fake live shows and rip people for hundreds and thousands, nothing nearly as close as what they are pulling today.

using the babenet comparison is just a bad idea. it was pretty scammy.

but interesting topic nonetheless.

12clicks · 07-20-2008, 08:02 PM

lot of guess work in this thread.

tony286 · 07-20-2008, 08:23 PM

Quote:

Originally Posted by 12clicks

lot of guess work in this thread.

Well considering at one time the cb ratio for the web was 5% now it's 1%. Peoples actions do affect others, they don't operate in a vacuum. Eventually if it gets too crazy, CC's wont process adult and then no one makes money. For anyone to think that could never happen, considering what the whole web does in online transactions. We are nothing.

bloggingseo · 07-20-2008, 08:24 PM

Interesting read, speculative

Drake · 07-20-2008, 08:30 PM

Hmm something to ponder

marketsmart · 07-20-2008, 08:34 PM

i could tell some stories about this stuff that would blow peoples minds... like millions of dollars in cc fraud, getting offshore banks shut down, etc... i know a lot of the older people here know most of the info, but you can blame a lot of this type of stuff on the state of regulation on adult processing..

webmasterchecks · 07-20-2008, 11:16 PM

Quote:

Originally Posted by marketsmart

i could tell some stories about this stuff that would blow peoples minds... .

lets hear them

Mutt · 07-21-2008, 01:01 AM

i never knew that about Paycom/Epassporte - i'm sure i've joined a site or 2 in the last 5 years processed by Paycom and don't remember seeing anything about being credited a Gift Pass to site X to get access to site Y

AlienQ - BANNED FOR LIFE · 07-21-2008, 01:17 AM

He mentioned XPICS.

They were smoking through Merchant Accounts faster than a Rastaman with a quarter pound of good green bud.

MakingItPay · 07-21-2008, 06:44 AM

Bump for biz discussion thread.

webmasterchecks · 07-21-2008, 07:32 AM

Quote:

Originally Posted by sltr

i don't see the relation b/w the current sub-prime lending fiasco and getting my merchant account yanked..

banks made a lot of the money off the mortages before the credit crunch, now they are carefully thinking out who they are going to issue loans to, because so many are defaulting, and they made money off of not being careful enough in the past, and are now getting hit

the same principle can apply to merchant accounts

and im not saying it would get pulled, some people taking risks may lose theirs, banks may not issue them as freely as they are now, and some banks may pull out, but as long as your numbers make sense, netbilling is smart enough to make sure you are taken care of

tony286 · 07-21-2008, 07:39 AM

Quote:

Originally Posted by webmasterchecks

banks made a lot of the money off the mortages before the credit crunch, now they are carefully thinking out who they are going to issue loans to, because so many are defaulting, and they made money off of not being careful enough in the past, and are now getting hit

the same principle can apply to merchant accounts

and im not saying it would get pulled, some people taking risks may lose theirs, banks may not issue them as freely as they are now, and some banks may pull out, but as long as your numbers make sense, netbilling is smart enough to make sure you are taken care of

People losing merchant accounts, well someone wants to gamble with their account oh well. The thing I worry about is Visa decides cb's are getting stupid again now it goes to .5 or .3.Then their actions affect my business and that really pisses me off.

12clicks · 07-21-2008, 07:45 AM

Quote:

Originally Posted by tony404

People losing merchant accounts, well someone wants to gamble with their account oh well. The thing I worry about is Visa decides cb's are getting stupid again now it goes to .5 or .3.Then their actions affect my business and that really pisses me off.

there's no reason for a properly run program to run above a .5 CB rate.

a properly run business that decides to take no risks will not be effected by a .5 CB rate.

tranza · 07-21-2008, 08:06 AM

Quote:

Originally Posted by Mutt

i'd much rather hear from Epoch/Paycom and CCBILL - they're the ones losing out more than anybody else.

I second that.

tony286 · 07-21-2008, 08:11 AM

Quote:

Originally Posted by 12clicks

there's no reason for a properly run program to run above a .5 CB rate.

a properly run business that decides to take no risks will not be effected by a .5 CB rate.

We avg a .3 but if that becomes the bar because of others actions.Thats going to suck.

webmasterchecks · 07-21-2008, 08:32 AM

Quote:

Originally Posted by tranza

I second that.

my guess with ccbills amount of mid size to tiny clients that would never get a merchant account, they were not affected as greatly. most of the programs that moved had epoch as their processor

NETbilling · 07-21-2008, 08:47 AM

Quote:

Originally Posted by webmasterchecks

Got into a interesting discussion recently. there are lots of programs that have moved to their own merchant accounts recently, and there are some *interesting* things on some of their signup forms, god bless their hearts, and you can see payouts stretching.

8 years ago or so, babenet and a few others helped discourage banks from openly taking high risk business, thats when companies like ccbill, ibill and epoch flourished and in recently months this has seemed to change and banks seem much more open issuing mids and youve see programs moving to their own merchant accounts.

with the companies starting to taking advantage of this climate, i can only imagine the banks pulling back like a rubber band when/if the shit hits the fan, especially when they are still having the problems from overextending the mortgages. Just a few weeks ago an adult-friendly bank in CA lost their ablity to proceess high risk adult.

It would be interesting to hear mitchs take on this privately, as netbilling is the main merchant account provider for adult, they are the ones that made it simple to get a merchant account and helped them flourish, would be interesting to see the results of a few reports run off that data

Hi - good post. I certainly have my opinions. Please keep in mind that we have been helping merchants establish their own accounts since 1998 successfully and for every program that you see doing questionable things, we have dozens of others not doing them.

Thanks

NETbilling · 07-21-2008, 08:54 AM

Quote:

Originally Posted by SCORE-Cash

Our Promos are Legit. Ofcourse they aren't as agreasive or give the house away, but they are fair to get you to send us some traffic.

Concerning the merchant account, it will be a sad day if this happens. We tried getting a couple of accounts as we fear the above takeing place, and I can tell you that it is super hard to get a merchant account today. Those that do get one, are very lucky, and should thank the bank chargeing them 10% to process thier sales.

Hi,

Let me know if you need additional accounts. We can help.

webmasterchecks · 07-21-2008, 08:54 AM

Quote:

Originally Posted by NetBilling

Please keep in mind that we have been helping merchants establish their own accounts since 1998 successfully and for every program that you see doing questionable things, we have dozens of others not doing them.

Certainly, i was not trying to imply otherwise. my observations came from trying to figure out how some programs can pay some of those signup prices + observation and talking with friends/associates. i apologize if it came across that way, you can see i have a huge amount of respect for Netbilling

NETbilling · 07-21-2008, 08:56 AM

Quote:

Originally Posted by webmasterchecks

Certainly, i was not trying to imply otherwise. my observations came from trying to figure out how some programs can pay some of those signup prices + observation and talking with friends/associates. i apologize if it came across that way, you can see i have a huge amount of respect for Netbilling

Hi,

I did not take it that way at all and thanks for the respect.

czarina · 07-21-2008, 08:57 AM

I dont think it will last until the end of the year. Heck, I dont think the US banks will last that long! Not at the rate things are going!

HBKKH · 07-21-2008, 09:00 AM

interesting....

kcampbell1 · 07-21-2008, 09:21 AM

Very interesting discussion..

datatank · 07-21-2008, 10:06 AM

http://www.goenglish.com/NeverBiteTh...atFeedsYou.asp

webmasterchecks · 07-21-2008, 10:16 AM

Quote:

Originally Posted by datatank

http://www.goenglish.com/NeverBiteTh...atFeedsYou.asp

well, you have to understand the reason why it may be happening (not that i think you dont).

programs feel they need to at least maintain or increase the amount they can pay their affiliates, and maintaining is tough when its summer, a recession and conversions are crappy, on top of the tube sites funneling traffic away. its harder to pull $$$ away from consumers when there isnt as much around and reducing payouts, (or pulling the difference out of their own pockets) isnt an option.

good quote from the posted article "They are masters. They are very, very smart people who spend their every waking moment trying to figure out how to beat the system".

this has not changed

sltr · 07-21-2008, 10:41 AM

Quote:

Originally Posted by webmasterchecks

i can only imagine the banks pulling back like a rubber band when/if the shit hits the fan, especially when they are still having the problems from overextending the mortgages.

Quote:

Originally Posted by webmasterchecks

banks made a lot of the money off the mortages before the credit crunch, now they are carefully thinking out who they are going to issue loans to, because so many are defaulting, and they made money off of not being careful enough in the past, and are now getting hit

the same principle can apply to merchant accounts

i appreciate you reply but it's still a huge jump in logic.

the qualifications for a loan today are more rigorous than 3 months ago but that is completely separate from running a legitimate business; and your cb ratio does not raise a flag, the bank simply won't have a reason or inclination to "blow up your merch acct" as the thread title suggests.

also, most of the profit that has been "lost" by lending institutions have been loan loss provisions set aside to offset deteriorating real estate portfolios.

there's simply no logic in a business cutting 1 HUGE profit center due to another's issues. if anyone has their own merch accts "blow-up" it would be due to something else- cb ratio, fraud, etc. all the usual high risks involved in adult.

which has always been the case regardless.

NETbilling · 07-21-2008, 11:30 AM

Quote:

Originally Posted by sltr

i'm a client of netbilling for 5 years now. i don't see the relation b/w the current sub-prime lending fiasco and getting my merchant account yanked.

i don't see why a bank would "pull back" from one revenue generating center due to another's lack of revenue generation.

Thank you for being with us so long.

Molecule · 07-21-2008, 12:40 PM

With cbs comes risk. With merchant accounts it makes sense not put all of your eggs in one basket. The company I work for specializes in high risk accounts. You can contact me if you are interested in diversification, or you want to start a something new.

mikesouth · 07-21-2008, 02:14 PM

I dont understand why everyone thinks that getting a merchant account is so difficult. I have ok credit not great but certainly not bad. My bank manager OFFERED me a merchant account. Its with one of the largest banks in the country and it cost me 85 bucks. I have quietly been using it for 3 years, small amount of transactions, no problems. I recently started to up that making it a primary processor, again no issues.

Yes my bank manager knows exactly what I do, they reviewed and approved the sites. So I dont get why it's so difficult to get a MID. Am I missing something?

webmasterchecks · 07-21-2008, 02:33 PM

Quote:

Originally Posted by sltr

i appreciate you reply but it's still a huge jump in logic.

the qualifications for a loan today are more rigorous than 3 months ago but that is completely separate from running a legitimate business; and your cb ratio does not raise a flag, the bank simply won't have a reason or inclination to "blow up your merch acct" as the thread title suggests.

also, most of the profit that has been "lost" by lending institutions have been loan loss provisions set aside to offset deteriorating real estate portfolios.

there's simply no logic in a business cutting 1 HUGE profit center due to another's issues. if anyone has their own merch accts "blow-up" it would be due to something else- cb ratio, fraud, etc. all the usual high risks involved in adult.

which has always been the case regardless.

i guess its not a logic issue as much as a psychological one, and its based on perceived risk by the institutions, and its a theory

if banks think they can regain lost profits through high risk merchant accounts, i hope they don?t get skittish when they see what some of us are capable of.

datatank · 07-21-2008, 02:53 PM

Quote:

Originally Posted by webmasterchecks

well, you have to understand the reason why it may be happening (not that i think you dont).

programs feel they need to at least maintain or increase the amount they can pay their affiliates, and maintaining is tough when its summer, a recession and conversions are crappy, on top of the tube sites funneling traffic away. its harder to pull $$$ away from consumers when there isnt as much around and reducing payouts, (or pulling the difference out of their own pockets) isnt an option.

good quote from the posted article "They are masters. They are very, very smart people who spend their every waking moment trying to figure out how to beat the system".

this has not changed

I was not talking about surfers

sltr · 07-21-2008, 03:31 PM

Quote:

Originally Posted by webmasterchecks

i guess its not a logic issue as much as a psychological one, and its based on perceived risk by the institutions, and its a theory

if banks think they can regain lost profits through high risk merchant accounts, i hope they don?t get skittish when they see what some of us are capable of.

you are putting words in my mouth. i never said banks look to adult merch accts to offset real estate losses, or any losses for that matter. i said the opposite.

in fact, your theory is the one that proposes that banks are going to *blow up* merch accts due to losses in other areas/ something to that effect.

and if you don't think merch acct providers know what people's greed makes them capable of, well.

07-19-2008, 09:44 AM	#1
webmasterchecks Confirmed User Join Date: Oct 2006 Location: Phoenix Posts: 1,685	how long til merchant accounts start blowing up? Got into a interesting discussion recently. there are lots of programs that have moved to their own merchant accounts recently, and there are some interesting things on some of their signup forms, god bless their hearts, and you can see payouts stretching. 8 years ago or so, babenet and a few others helped discourage banks from openly taking high risk business, thats when companies like ccbill, ibill and epoch flourished and in recently months this has seemed to change and banks seem much more open issuing mids and youve see programs moving to their own merchant accounts. with the companies starting to taking advantage of this climate, i can only imagine the banks pulling back like a rubber band when/if the shit hits the fan, especially when they are still having the problems from overextending the mortgages. Just a few weeks ago an adult-friendly bank in CA lost their ablity to proceess high risk adult. It would be interesting to hear mitchs take on this privately, as netbilling is the main merchant account provider for adult, they are the ones that made it simple to get a merchant account and helped them flourish, would be interesting to see the results of a few reports run off that data __________________ Webmasterchecks Affiliate Payments - fully compatible with nats/mpa3

07-19-2008, 10:31 AM	#2
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	it won't last but these programs know that - always been the same mindset, make as much as you can, and don't worry about anybody or anything else be it the consumer, the affiliate or the industry's future anybody who thinks any of these special promo days are legit are utter morons - when you have no conscience about screwing surfers what idiot thinks they feel any differently about affiliates? __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

07-19-2008, 10:34 AM	#3
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	i'd much rather hear from Epoch/Paycom and CCBILL - they're the ones losing out more than anybody else. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

07-19-2008, 07:14 PM	#6
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	A Banks portfolio can only be made up of 10% of high risk to their assets. As their assets shrink so does the high risk volume they can process ! Be very worried if you don't have backups because some of the major processing banks are getting wacked hard on their real estate and sub prime credit card losses ! __________________

07-19-2008, 07:25 PM	#7
Evil E Confirmed User Join Date: Apr 2005 Location: Lazyness is a lifestyle Posts: 3,201	Don't big programs have more than 1 merchant account anyways? __________________ A girl once told me "Give me 8 inches and make it HURT". So, I fucked her twice and hit her with a brick.

07-19-2008, 07:31 PM	#8
cherrylula lol Industry Role: Join Date: Jan 2002 Posts: 15,969	If you knew how shady those companies billing practices were back then compared to what you are referring to now, you would not bat an eye.

07-20-2008, 08:30 AM	#10
sltr Confirmed User Join Date: Dec 2002 Posts: 3,191	i'm a client of netbilling for 5 years now. i don't see the relation b/w the current sub-prime lending fiasco and getting my merchant account yanked. i don't see why a bank would "pull back" from one revenue generating center due to another's lack of revenue generation.

07-20-2008, 12:34 PM	#12
robfantasy Confirmed User Industry Role: Join Date: Jun 2002 Location: Medellin, Colombia Posts: 6,445	great read __________________ Looking to speak w/ high volume nutra CPA affiliates or networks... msg me

07-20-2008, 12:43 PM	#13
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	wouldn't it be alot simpler for programs to "buy" memberships to decrease chargeback rate % like lets say in theory a program puts 100k into 5000 epassporte accounts ( i am just using it as an example ) then near the end of the month they simply buy their own memberships to counteract the amount of chargebacks they have gotten. __________________ hatisblack at yahoo.com

07-20-2008, 08:02 PM	#20
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,788	lot of guess work in this thread. __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

07-20-2008, 08:24 PM	#22
bloggingseo Confirmed User Join Date: May 2007 Location: Austin Posts: 1,793	Interesting read, speculative __________________ Writing mainstream and adult since 2003 Hit me up ICQ 375089597

07-20-2008, 08:30 PM	#23
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Hmm something to ponder

07-20-2008, 08:34 PM	#24
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	i could tell some stories about this stuff that would blow peoples minds... like millions of dollars in cc fraud, getting offshore banks shut down, etc... i know a lot of the older people here know most of the info, but you can blame a lot of this type of stuff on the state of regulation on adult processing..

07-21-2008, 01:01 AM	#26
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	i never knew that about Paycom/Epassporte - i'm sure i've joined a site or 2 in the last 5 years processed by Paycom and don't remember seeing anything about being credited a Gift Pass to site X to get access to site Y __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

07-21-2008, 01:17 AM	#27
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	He mentioned XPICS. They were smoking through Merchant Accounts faster than a Rastaman with a quarter pound of good green bud. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \| Last edited by AlienQ - BANNED FOR LIFE; 07-21-2008 at 01:18 AM..

07-21-2008, 06:44 AM	#28
MakingItPay Confirmed User Industry Role: Join Date: Feb 2005 Posts: 1,920	Bump for biz discussion thread. __________________ Giant Boob High Def Trifectas http://www.TrifectaBucks.com 3D Super Sites that Sell http://www.ThrillBucks.com Giant Boobs Anyone? http://www.MakingitPay.com ICQ me at 213177906

07-21-2008, 08:57 AM	#39
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,748	I dont think it will last until the end of the year. Heck, I dont think the US banks will last that long! Not at the rate things are going!

07-21-2008, 09:00 AM	#40
HBKKH Confirmed User Join Date: Jan 2008 Posts: 1,013	interesting.... __________________ Seo and content marketing

07-21-2008, 09:21 AM	#41
kcampbell1 Confirmed User Industry Role: Join Date: Feb 2005 Posts: 100	Very interesting discussion.. __________________ Karen Campbell VP OrbitalPay/GET [email protected] ICQ: 153467646 Phone: 888-776-8801 X 216 Skype: Orbitalpay.karen

07-21-2008, 10:06 AM	#42
datatank Confirmed User Join Date: Aug 2004 Location: My dog is blacker than Tupac Posts: 5,471	http://www.goenglish.com/NeverBiteTh...atFeedsYou.asp

07-21-2008, 12:40 PM	#46
Molecule Registered User Join Date: Jun 2008 Location: Los Angeles Posts: 3	With cbs comes risk. With merchant accounts it makes sense not put all of your eggs in one basket. The company I work for specializes in high risk accounts. You can contact me if you are interested in diversification, or you want to start a something new.

07-21-2008, 02:14 PM	#47
mikesouth Confirmed User Industry Role: Join Date: Jun 2003 Location: My High Horse Posts: 6,334	I dont understand why everyone thinks that getting a merchant account is so difficult. I have ok credit not great but certainly not bad. My bank manager OFFERED me a merchant account. Its with one of the largest banks in the country and it cost me 85 bucks. I have quietly been using it for 3 years, small amount of transactions, no problems. I recently started to up that making it a primary processor, again no issues. Yes my bank manager knows exactly what I do, they reviewed and approved the sites. So I dont get why it's so difficult to get a MID. Am I missing something? __________________ 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.