Did someone wake up at Verotel's bank? Shitloads of check bounces. - GoFuckYourself.com

rowan · 10-30-2003, 11:36 PM

The value of check bounces in the past couple of days equals nearly a third of my gross sales amount in the past week... check sales are usually only background noise, but not when all the bounces happen at once!

Is anyone else seeing a heap of bounces?

spooky181 · 10-30-2003, 11:37 PM

Yep, same here for the last couple of days..

EscortBiz · 10-30-2003, 11:39 PM

2 months ago I removed the check option on all my sites, I do not regret it for a minute, I have seen no decrease or anything or I would of put that oprion back.

Remove the check option guys you will be happy you did.

[Brian] · 10-30-2003, 11:39 PM

Verotel sucks. NeXt!

Kevin2 · 10-30-2003, 11:42 PM

I had the same thing with another processor so it may not be Verotel only.

rowan · 10-30-2003, 11:43 PM

Escortbiz, I am very close to disabling new check signups. I run two similar sites, one gets its traffic from 2 years of freel^H^H^H^H^Hbookmarkers, search engines and links from blogs etc, the other gets its traffic mainly from TGPs. Roughly 80% of checks are GENUINE on the first one; 80% of checks are FRAUDULENT on the second one. TGP traffic seems to be bad news when it comes to checks.

Stud Money · 10-30-2003, 11:45 PM

Could this potentially be the start of the downward spiral for Verotel due to Visa regulations?

Didnt one of the other processors start getting a heap of chargebacks / account debits before they closed down?

rowan · 10-30-2003, 11:48 PM

Quote:

Originally posted by Stud Money
Could this potentially be the start of the downward spiral for Verotel due to Visa regulations?

Didnt one of the other processors start getting a heap of chargebacks / account debits before they closed down?

Checks have nothing to do with Visa.

High levels of fraudulent signups via checks seems to be the norm for adult sites, at the end of the day the decision to offer that method is based on the value lost by people gaining unpaid access to your site, versus the value gained due to the genuine signups that could recur nicely.

Stud Money · 10-30-2003, 11:51 PM

Quote:

Originally posted by rowan

Checks have nothing to do with Visa.

High levels of fraudulent signups via checks seems to be the norm for adult sites, at the end of the day the decision to offer that method is based on the value lost by people gaining unpaid access to your site, versus the value gained due to the genuine signups that could recur nicely.

That wasnt my point.

My point was previous processors who closed down started to pass on additional refund charges tot heir affiliates.

It would seem to me that if things *were* not as they seem at Verotel that check processing would be the one way they could collect funds without raising any immediate suspicions.

10-30-2003, 11:36 PM	#1
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Did someone wake up at Verotel's bank? Shitloads of check bounces. The value of check bounces in the past couple of days equals nearly a third of my gross sales amount in the past week... check sales are usually only background noise, but not when all the bounces happen at once! Is anyone else seeing a heap of bounces?

10-30-2003, 11:39 PM	#3
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	2 months ago I removed the check option on all my sites, I do not regret it for a minute, I have seen no decrease or anything or I would of put that oprion back. Remove the check option guys you will be happy you did. __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

10-30-2003, 11:39 PM	#4
[Brian] Confirmed User Join Date: Mar 2001 Location: Orange County, CA Posts: 1,523	Verotel sucks. NeXt! __________________ HerbalRevenue - Exciting new enhancement program ICQ: 391113064

10-30-2003, 11:37 PM	#2
spooky181 Confirmed User Join Date: Jul 2003 Location: back of beyond Posts: 2,951	Yep, same here for the last couple of days..

10-30-2003, 11:42 PM	#5
Kevin2 Confirmed User Join Date: May 2003 Location: Australia Posts: 1,429	I had the same thing with another processor so it may not be Verotel only.

10-30-2003, 11:43 PM	#6
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	Escortbiz, I am very close to disabling new check signups. I run two similar sites, one gets its traffic from 2 years of freel^H^H^H^H^Hbookmarkers, search engines and links from blogs etc, the other gets its traffic mainly from TGPs. Roughly 80% of checks are GENUINE on the first one; 80% of checks are FRAUDULENT on the second one. TGP traffic seems to be bad news when it comes to checks.

10-30-2003, 11:45 PM	#7
Stud Money So Fucking Banned Join Date: Sep 2003 Location: Somewhere between my monitor and my chair Posts: 3,214	Could this potentially be the start of the downward spiral for Verotel due to Visa regulations? Didnt one of the other processors start getting a heap of chargebacks / account debits before they closed down?