10-10-2007, 04:23 PM
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Industry Vet
Industry Role:
Join Date: Jan 2002
Location: Santa Monica, CA
Posts: 2,663
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Quote:
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18. At one point Paypal made a bold entrance into the adult industry and started processing for adult sites (but then quickly pulled out). Was Epoch threatened by this?
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Well, PayPal was a concern. They were well known and certainly must have been attractive to a lot of webmasters. However, they did not know the adult business and did not know how to manage the risk. They would not have been able to mingle adult transactions with, say for instance, their eBay transactions due to the way adult transactions must be coded according to association rules. Add to that, as a publicly traded company, it turned out that their Board of Directors decided it was best not to dive into the adult pool. They had their own market niche and didn't want to risk their own particular golden egg. I don't blame them for testing the waters, but when they realized how many sharks there were they made the right decision and moved on.
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-- Rand
Payment Industry - Communications - Quality Assurance
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