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everyone better start looking for a real job........ looks like online porn is about to have the fate of other dot coms. Belly Up!! It was fun while it lasted.
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Offshore Clicks ?? |
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Do you really think that the BIG players of a $17 BILLION+ industry are just gonna stand by and watch this happen ??? GET FUCKING REAL !!! :321GFY I mean forget about us little guys making 6 figures or less a year ... The guys making HUGE bank in this busines wil not let their livelihood be pulled out from underneath them ... even if it meant several BIG players forming their own credit company, just so they could obtain the merchant account required to process ALL of our transactions ... and charge us a flat rate for using their merchant account ... I am not saying this is the answer ... but there are soooo many unxplored options at this point ... Let me say it again ... The game is far from over ... only the rules to the game are changing. |
I am very sure mastercard and visa are somewhat interested in the branding issues when thier logo is placed on a join page.
But they are not complete idiots, they want to keep adult internet transactions, it must make them a ton. They just want to stay awayfrom the totally crazy stuff. Recently there was a very big escort/prostitute ring bust here in Toronto. Basically the news said a lot of people were nervous because all their contect details were available from their credit card. It appears the payment of choice for escorts is a cc. Not only are they processing escorts, the make bigmoney at strip clubs, on cigarettes, alcohol etc. These companies can't afford big morals stands, but they can decide not to process horse fucking, young teen sites etc. Not processing legal porn surely would cost them big time. I would think they would rather work with a group of accountable processors to make sure it is a lucrative income source for them. This means dealing with companies that keep chargebacks within the acceptable tolerances and strictly monitor sites for illegal material. I must say I am glad it appears my processor ccbill, is not scared at this time. I do worry a little that even Kimmy who makes the most convincing case as a processor is agreed that its a waiting game as to what the nest regulation is. Surely enough money is made in adult to actually negotiate with the cc's on a level not wait for dictact's. |
"Surely enough money is made in adult to actually negotiate with the cc's"
According to what someone said earlier - the online adult business is only 1-2% of M/C's overall revenue... I agree with Hungryman though - with the amount of money being spent and made a solution will definitely be found/created. |
the sky is falling
the sky is falling |
I bet nothing gives Mitch a bigger boner than the thought of the loss of third party processing.
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Fuck CC and Fuck the surfer, because the cc companies are doing this, Im gonna implement a $9.99/min dialer.... Let's see them bitch NOW!!!
:1orglaugh |
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With friends like Mitch in this industry, who needs Ashcr0ft? |
it's cool that the sky is actually not falling (right now)... but stop thinking that the adult business matters anything to visa and MC... all they have to do is say "phew" and we're done... even if all webmasters, providers and sponsors unite, they can't do shit if those companies decide to cut the plug...
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Labret,
Actually I do not want 3rd party to go away.... just some of the employees :-) Mitch |
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Cute, Mitch. As has been stated here by myself, Cathy, and Gramma's copy of what she was told by Jettis, we will all continue to process transactions as normal past May 1st, as much as it pains Mitch. |
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I do not think they will stop processing all together, but the 3rd party thing will be the first to go. You'll be better off and well positioned for the future if yo get your own merchant account, pay far less fees, etc. BUT, if this is the case you could definately make the analogy that a few bad apples ruined it for the rest of us. 3rd party's should really crack down on some of the bullshit they process for. Remember visa and mc have an image to protect and the being involved with borderline CP, beasteality, etc only hurts their image. |
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but like kimmykim says it won't bother mastercard as a whole but it sure would affect alot of banks and other smaller companies,, i am sure some kind of lawsuit can be brought up to stop mastercard |
What about all the non-adult sites that sell products? Are they going to suffer as well?
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The problems that adult faces didn't originate solely with third party processors.
For every DMR that's gone out of business, I'll wager there's at least 10 people with their own merchant accounts that have blown up, whether deliberately or accident. And it's not limited to adult, we're just a part of the big picture. All high risk categories are inherently going to have issues, otherwise they wouldn't be high risk. This is an excellent, but LONG, article on how this whole thing got started -- for once, the journalist involved actually did a bit of research and has a fairly good bite on accuracy -- http://riverfronttimes.com/issues/20...tml/page1.html |
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Getonline.com, through a partnership with WebsiteBilling.com, DuoCash.com & Entertainment Network has already developed and deployed a pre-paid phone card sales & redemption mechanism. Check out VoyeurDorm.com to see an example of a site accepting payments via pre-paid phone cards. You can obtain a current list of national retailers offering the cards for sale at http://locate.duocash.com/, and GetOnline will soon be offering a "virtual card" which can be purchased online. Current WebsiteBilling.com clients wanting to add this additional payment method to their account need only to email their account manager, and request the GetOnline.com payment method. GetOnline.com is "built into" WebsiteBilling.com's billing system, so no additional integration steps are required for current clients. Anyone interested obtaining a WebsiteBilling.com account should contact [email protected] or call 1-800-297-3308. |
Eric Happel,
It was nice talking to you guys at the ETA. I hope the show was a good one for you. Mitch Farber |
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Must you use such name calling, you're so defensive and jumpy. if you're making 6 figures, you should be able to retire soon so settle down. |
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