Why stress over merchant accounts and credit cards?
 

Thought I would make a quick apearance on the board since I have been entertaining myself with all the iBill speculation going on today. While no one knows the exact future I have to agree with one post that I read that stated iBill ( as with plenty of other companies out there ) has weathered many storms in the past and will do the same now.

The real point of this post is to ask, "Why has the adult industry allowed themselves to be backed into a corner by a payment method that does not want anything to do with them in the first place?". When I say payment method I am referring to credit cards in general. Everyone knows that 3rd party processing may have a short shelf life and getting merchant accounts in the States is getting harder as more and more banks back out of processing high risk transactions like adult. This may be a shameless plug for the company I work for but why doesn't the industry give stronger backing to alternative payment methods like DuoCash that operate totally independent of the VISA/Mastercard/Banking dictatorship? Well you may say that everyone has a credit card and not a DuoCash card. I would agree but that does not mean that everyone can't get a one. Why would consumers go get one? Well, because the industry is marketing and pushing it to consumers and touting all of the benefits.

Merchant accounts can get shut down, 3rd party processors can go out of business but as long as you can walk into a store and buy a phone card DuoCash will be around and will be happy to do business with you.

yeah a lot of people will take thier cock out of thier hands to run to the 7-11 to get a phone card so they can pay for and finish watching the full versions of the anal fisting vids they see on a tour. :sleep

I may be just me, but I don't like a bank that would prefer I be out of business in the first place holding on to a bunch of my money and hoping that they decide to give it back. BTW, DuoCash cards can be bought online also.

learn the background of the banking industry you want to bash before making dumbass statements like that.

I have built banks. :)

Then you must not have paid attention in the building process.

shameless plugs, huh?

well for those that don't know, Web Transaction Services took this stance years ago.

We have no 3rd party CC risk whatsoever.

Dare to compare... There's a reason why many of the biggest programs on the Adult 'Net have been using WTS for years!

Hit me up on ICQ if anyone needs to get hooked up!

:glugglug

Anyways ... The real question being, so why doesn't the industry put support to a solution that favors or at least works with them instead of waiting until the current system is actually gone?