The Processor Wake Up Call
 

It sounds like the vast majority of this industry (affiliates) are getting a crash course on how processing works. Unfortunately, it is coming at the time a lot of people are teetering on collapse with the state of the industry and their sales.

1. VISA
2. Merchant Bank
3. EPassporte

Same for...

1. VISA
2. Merchant Bank
3. BROgram

Or...

1. VISA
2. Merchant Bank
3. iMonde

So if the merchant bank decides it wants to cut you off, it can. It does not need VISA to cut you off. The merchant bank it's self has it's own rules and standards that can be different from VISA's. They can actually even be more restrictive, and based on who their clients are, they can send a ripple effect through the merchant bank if they are fined for example. Or their funds frozen, etc.. It will effect all the clients who bank through them.

This is not the first time, nor will it be the last a merchant bank gets into trouble and blames VISA, MC, or something else. It is a bit more complicated then I see in a number of these threads when it comes to processing. Depending on how it's actually set up on the bank end, as some use multiple MB's.

All the same, a bad day for those who are affiliates paid via EPASS, and those who are international and prefer the convenience of that method. Hopefully this situation is resolved soon and at minimum people can get their cash out.
:2 cents:

:stoned .

Looks like you know your sandwiches! :thumbsup

http://gradysbar.bravehost.com/myPic...Sandwiches.gif

Does anyone actually take this shitdick serious?

excellent read

http://i54.tinypic.com/taj2hh.jpg

I just wonder how many sponsors this will put out of business? Wonder if a lot of sponsors have a good amount of payout money in there.

This is just the tip of the iceberg.

Some of the other stuff going on in the background with merchant banks and processing has not even come out yet. Well,... at least not on the boards. There are some major programs shuffling around in the background trying to stay in business.

As I said in the other thread, if my sole revenue was from being an affiliate in the adult industry, I would be looking to quickly diversify, or putting your sponsors through a stress test on their financial structure. There is a lot more coming....
:2 cents:

QFT :thumbsup

yeah, its exactly like epassporte can cut an account holder off any time.

Make sense to me.

Good luck to everyone and to me :(

Or paypal, or anyone else providing a similar service and not regulated by banking laws.
:2 cents:

Totally agree :(

Welcome to the internet

Savings and loan come to mind, before the day of FDIC "Its a wonderful life" is not gonna play out in this current situation...

So how many programs or BROgrams use banks that are not regulated by banking laws?

CcBill is with Bank of America ... AFF is with Wells Fargo ... etc... many others are with American banks too ...

Those examples do not apply to this situation.

* Paypal
* Epassporte

or services/cards similar that have been offered over the years. Like the one iMonde had a number of years ago. Name escaped me now. But basically these other services that can work similar to a bank or bank card, but then do not have to follow same laws. Nor FDIC insured.

i've never really trusted any of them... especially paypal. (although ironically, paypal is the only one i have an account with)

So when you (barefootsies) and others use the phrase 'tip of the iceberg' you are referring to merchants like paypal, epass, neteller, ibil etc... Not programs like topbucks, nasty, ccbill etc...

I am referring to the current state of financial's with 'some' programs within the industry.

Specifically merchant banks, and what is going on behind the scenes with programs and their processing. Them not paying affiliates, not being able to process new sign ups, the scrubbers being on full blast, loss of cross sales, you losing all your rebills when their merchant accounts get nuked, and shit like that.

There are some things going on that are sending a huge ripple effect across the back end of programs, merchant banks, and what not that is not generally talked about on the boards. Although you are seeing some of the symptoms of the underlying issues. Right now a lot of programs are dancing around trying to handle their current processing issue(s), but a lot of those doors are closing.

Clueless

**twilight zone theme music**

It's why I'm asking .... anything you want to add is welcome

Yeah I get it now ... but how do you know who those 'some' are?

Unless you know some processors, or people who are involved in that back end, you most likely don't. Unless there is some tell tale signs prior to the latest program collapses.

Like late payments, raising minimum limits, rebills vanish, etc..

What about closing or modifying your broker program so your affiliates are fucked ...

Some of you might want to keep an eye on this thread:

https://gfy.com/showthread.php?t=984087

..as I will be updating with the specifics of the program which I will soon offer. I have meetings throughout the weekend concerning to our progress on affiliate payment processing for offshore (Out of the USA) adult marketers.

Thanks for looking!

Sally.*

*Sorry if some of you perceive that I am posting in the wrong forum but some things have gone to complete shit and I am working on a way to fix them which is profitable, safe and secure to the offshore affiliate and which will also make me a few bucks in the process** I think I can get this set up within a few days, week at the most, so please bear with me.

**Nothing in this world is totally free but I am doing my best to keep down the costs to the marketers.

yea, but atleast paypal is owned by ebay, which is publically traded which is why they term your account if you are not complying to there TOS. Because they need to follow rules and regulations that other people dont.

I will play devil's advocate with you for a moment...

You mean like like Fanny and Freddie Mack for example? Or Bear Stearns?? AIG???
:winkwink:

You are comparing a dick and a finger. Paypal doesn't have a loan department. They don't need risk management.They just move money around from one person to another. They have a much bigger employee base who scans what users are doing all the time to make sure they arent getting paid for something that is in the TOS. What is the risk in this except if you break some sort of banking rules. Which is why they stay away from adult and gambling. I understand epassporte, netcash, so on so forth. When you get involved with overseas banks and tax evasion. Your money is always at risk.

Fanny and Freddy Mack gave out money to people who didnt deserve it. They got what was coming to them. It was greed. Where is the greed factor with paypal?

Also. If you have some inside information about some sponsors who might have some issues, you might want to let the cat out of the bag to help out some other webmasters.

Also, I would like to know who to use for a footfetish site, do you mind if i hit you on the icq for a minute?

I was referring to your referrence about publicly traded companies, and if they were somehow better than a private one like Epass. Sorry if I misunderstood your previous point about the 'honor' between public traded.

I do. However it is not my place to say. I deal with many, and know many. Including those who are the middle men behind the programs and in the past kept them hoping from MID to MID with different merchant banks controlling cross sales, rebills, and charge backs. That game is over now.

Things are going to come to light soon enough, however sadly, most people do not seem to be paying attention. A lot of it is not top secret, and some of those companies teetering have already been grumbled about. It apparently just has not had it's own 50 thread GFY day.

www.hotlegsandfeet.com
www.footfetishdaily.com
www.magicalfeet.com
www.footsiebabes.com
www.barefootmaniacs.com

Those are some of the bigger, and better converting, one's.

man you foot guys are a smart bunch...twisted fucks, but smart

I didnt meant only because they were publically traded. I just meant they will follow rules better then someone like epass so on so forth because they are public.

Now what you can compare, to people like fanny, lehman, so on so forth, is the greed of paysite owners, taking advantage of peoples personal information.

It may not be your place, but it would sure help if you would let the cat out of the bag if people are at risk of losing money. But I understand where you are coming from as not wanting to put business relationships at risk.


Thank you for the site recommendations.

Agreed. Value in long term relationships is in knowing where the bodies are buried....

Much of what has happened during the past few days explains much as to the flucuations I've seen in sales, odd patterns, etc (which I've since stopped bitching about as....well, I've stopped).

What's next?

http://www.gfy.com/image.php?u=42697...ine=1282115818

Time v'ill tell tootsie. Time vi'll tell...

FWIW paypal europe is a bank

If you're going to diversify pick an industry that's growing:

casino affiliate programs

I hear you... But I am not seeing the problem on the same scale you are apparently seeing it.

A FEW programs went bust. A FEW others got bought by SOBV and stopped paying their affiliates. When I say few I mean a market share of less than 2% of the entire industry.

So I am not seeing what you are seeing since I am going by the factual information presented to me and the rest of the public. If you have other more in depth info on more programs than we have seen, please do share!

Anybody want to move to one of these far away islands and set up a processing company with me :)