Originally Posted by will76

Paul I will stop you right there. First of all you can't say "I've worked in this industry for 30 years and we have had many recessions" etc. " Online has only been around for about 15 years. We can't take cash online, like a brick and mortar store. Since we rely about 98% on CREDIT CARDS, then as credit cards go, so do us. Over the last 2-3 years it has been well documented that MILLIONS of people have had their available balances removed and now these people have no funds left. There is also record high people going default, extremely high unemployment and foreclosures. It isn't just a "recession" we have had what amounts to a big percentages of potential buyers go bye bye. Our market has shrunk big time. People are still out there looking at porn, and several of them are trying to buy but they are being declined and their rebills are being declined because they do not have sufficient funds available.

When someone is bankrupt and loses their cards, or maxed out and 3 months behind where are they suppose to shit the money to make the transaction go through. Do some research see how this has become a huge problem in the last couple years, more so than any point since the net has been around. Can't compare this to offline, people can always scrape up some cash to go to the strip club, buy from a physical porn shop, etc. but not online.