GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Bankrupcy in the US ... Is CCBill safe ???

Gaybucks · 09-30-2008, 02:27 AM

Actually, CCBill isn't a processor, they're an IPSP. They use a merchant bank (or, actually, I think they have two or three, same as Epoch), so the question isn't as bogus as some might think.

My impression is the merchant banks that handle both Epoch and CCBill's accounts are very large, primarily wholesale/commercial banks. I doubt that they had much going in mortgages, which is the toxic weight that's taken down so many banks.

Additionally, CCBill banks with Bank of America, which is one of the largest, most stable banks in the US. Remember that a few months ago, BofA BOUGHT Countrywide, one of the worst and earliest mortgage lenders. This was engineered by the Feds and would never have happened if BofA wasn't strong and stable and able to absorb the bad mortgages.

Honestly, I don't think anyone, including the people running the bailout, knows where the financial catastrophe will end, and which, if any, banks will be left standing. But both CCBill and Bank of America seem to be among the largest and most stable institutions in their field; you don't hear the Feds even whispering that there are issues with BofA, and you usually hear that about the others (WaMu, Wachovia, Bear-Sterns) weeks or months before the failures actually occur.

In my (unprofessional) opinion, there are things to worry about, but CCBill's stability (or BofA's for that matter) isn't one of them.

09-30-2008, 02:27 AM
Gaybucks Confirmed User Join Date: May 2004 Location: Sacramento, CA Posts: 451	Actually, CCBill isn't a processor, they're an IPSP. They use a merchant bank (or, actually, I think they have two or three, same as Epoch), so the question isn't as bogus as some might think. My impression is the merchant banks that handle both Epoch and CCBill's accounts are very large, primarily wholesale/commercial banks. I doubt that they had much going in mortgages, which is the toxic weight that's taken down so many banks. Additionally, CCBill banks with Bank of America, which is one of the largest, most stable banks in the US. Remember that a few months ago, BofA BOUGHT Countrywide, one of the worst and earliest mortgage lenders. This was engineered by the Feds and would never have happened if BofA wasn't strong and stable and able to absorb the bad mortgages. Honestly, I don't think anyone, including the people running the bailout, knows where the financial catastrophe will end, and which, if any, banks will be left standing. But both CCBill and Bank of America seem to be among the largest and most stable institutions in their field; you don't hear the Feds even whispering that there are issues with BofA, and you usually hear that about the others (WaMu, Wachovia, Bear-Sterns) weeks or months before the failures actually occur. In my (unprofessional) opinion, there are things to worry about, but CCBill's stability (or BofA's for that matter) isn't one of them. __________________ Gaybucks.com 100% exclusive American guys - hosted movie galleries - NATS - Boyfunk.com - Boysfeetclub.com - AJsCloset.com- SkylerDeVoss.com ICQ 272-995-402