How much money does Paypal leave on the table with their refusal to deal with adult?

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  • Young
    Bland for life
    • Nov 2004
    • 10468
    #1

    How much money does Paypal leave on the table with their refusal to deal with adult?

    I'm guessing it has to be somewhere in the $xx,xxx,xxx.xx range.

    Anybody have a clue ?

    Conversions would go up across the board if Joe Shmoe could use the extra $15 he has laying around in his Paypal account to sign up for a couple of trials.

    Why don't they do a spinoff that accepts adults? Are they owned by a bunch of fucking mormons or something?
    ★★★
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    • _Richard_
      Too lazy to set a custom title
      • Oct 2006
      • 30989
      #2
      shareholders

        Comment

        • spunkmaster
          Confirmed User
          • Jan 2004
          • 2052
          #3
          Visa was about to terminate Paypal years ago and WellsFargo took over the Paypal Processing (They were a 10% owner) and one of the deals they worked out was that Paypal would have WellsFargo move in and take over their underwriting or something like this. Adult and some others are on Wells restricted list so they also got added to Paypals restricted list

            Comment

            • tony299
              lurker
              • Aug 2002
              • 57021
              #4
              I had read a long long time ago it was because of the huge amount of charge backs and fraud, which knowing our industry seems about right.

                Comment

                • KrisKross
                  Confirmed User
                  • Jan 2006
                  • 5025
                  #5
                  Tens of millions? Not very likely.

                    Comment

                    • baddog
                      So Fucking Banned
                      • Apr 2001
                      • 107089
                      #6
                      Probably save money.

                        Comment

                        • spunkmaster
                          Confirmed User
                          • Jan 2004
                          • 2052
                          #7
                          Originally posted by tony404
                          I had read a long long time ago it was because of the huge amount of charge backs and fraud, which knowing our industry seems about right.

                          Paypal was terminated by three banks for excessive chargebacks and was getting hit with big fines.

                          I heard they were withing days of losing their processing when Wells steped in and changed their underwriting.

                            Comment

                            • Ayla_SquareTurtle
                              Confirmed User
                              • Sep 2005
                              • 3550
                              #8
                              It's waaaay too easy for buyers to initiate chargebacks and such with PayPal. They have the most ass-backwards way of dealing with shit EVER. Adult is probably better off without them.
                              gone. long gone.

                              aylasquareturtle .."a"t".. gmail dawt com

                                Comment

                                • Flynn
                                  pr0's goat screwed me
                                  • Jan 2002
                                  • 2083
                                  #9
                                  adult is probably 1% of what they do.
                                  blah blah blah

                                    Comment

                                    • Humpy Leftnut
                                      Confirmed User
                                      • Apr 2007
                                      • 1292
                                      #10
                                      I talked to my accountant, and he told me: it's private information.
                                      Humpy Leftnut - Pornsumer Reviews

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                                        • baycouples
                                          Confirmed User
                                          • Mar 2004
                                          • 1341
                                          #11
                                          Lots of adult businesses use it. PayPal doesn't know it and probably doesn't want to.

                                            Comment

                                            • StuartD
                                              Sofa King Band
                                              • Jul 2002
                                              • 29903
                                              #12
                                              Originally posted by tony404
                                              I had read a long long time ago it was because of the huge amount of charge backs and fraud, which knowing our industry seems about right.
                                              Exactly. There's high risk and then there's high risk that's not worth carrying anymore.

                                              Obviously they weighed the pros, cons and of course... risks.. and determined that it just wasn't worth it.
                                              This is me on facebook
                                              This is me on twitter

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                                                • ADL Colin
                                                  Too lazy to set a custom title
                                                  • Feb 2001
                                                  • 11929
                                                  #13
                                                  Originally posted by baddog
                                                  Probably save money.
                                                  Yea, no shit


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                                                    • DaddyHalbucks
                                                      A freakin' legend!
                                                      • Feb 2004
                                                      • 18975
                                                      #14
                                                      They lose a ton of hassles from chargebacks.
                                                      Boner Money

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