Jesus H. Christ. The whole fucking industry is in a mess the way I see it.
1. WebsiteBilling is fucking its webmasters because their bank is probably holding onto their money which causes a ripple effect.
2. Paypal has stopped accepting payments for adult material.
3. Visa/MC have implemented their 750 dollars for merchant accounts with ISPS.
It will get a lot tougher for a lot of guys who are here. I will predict a lot of people who used to do porn for a living will vanish off shortly because of the hard times ahead. Not that it matters to me, I have already built different things but man, the world is NOT a friendly place for adult business and certainly not friendly towards e-commerce.
Lets face it people, the reason we are getting all this is because of bad business practice from previous sponsors etc. Hence the tightening up of rules and regulations. And it certainly does NOT help when webmasters here sue sponsors, report to FBI for fraud etc. It gives everyone a bad name. Not that any webmaster here cares because it is every man for himself or rather him or herself.
However, due to my background in third party processing previously (I used to run a small third party processor which I later sold to a listed company), I will say that Visa/MC have us by the balls. Seriously, look one day they can easily say lets stop processing adult totally.
Fraud and Credit card fraud is far worse then SPAM; yet fucking idiots and I will swear a lot of you go after spammers when you should hate credit card fraud more. It is the fucking bane of life! Look when third party processors lose money; they go under who suffers? You as the WEBMASTER; on the other hand, how does spam hurt you? All you do is reach for the delete key, yet with so many sites dedicated towards spam, you would think spam is FAR WORSE A CRIME THEN CREDIT CARD FRAUD. I Beg to differ.
Now, the solution is not easy. All of us webmastes need a fucking processor. Getting a merchant account is not easy especially if you are just starting out. Heck even if you are established you got a lot to handle. So third party processors or independent merchant accounts are the way to go. However, if you get too many chargebacks, you are held liable if you are a merchant account. So what choices are you left with?
Fucking use a third party processor and pray that your check does not bounce and certainly hope that your fucking luck stays. But given everything that is on the table, THE ONLY WAY OUT I see is own a fucking bank and make the rules. Btw, make sure it is offshore then fucking deal with it. However, then again you fall under Visa/MC regulations. So the thing is to fucking overthrow VISA/MC. Jesus. I can forsee a black day for E-Commerce and Adult industries for sure.
Just food for thought.
-Nato
1. WebsiteBilling is fucking its webmasters because their bank is probably holding onto their money which causes a ripple effect.
2. Paypal has stopped accepting payments for adult material.
3. Visa/MC have implemented their 750 dollars for merchant accounts with ISPS.
It will get a lot tougher for a lot of guys who are here. I will predict a lot of people who used to do porn for a living will vanish off shortly because of the hard times ahead. Not that it matters to me, I have already built different things but man, the world is NOT a friendly place for adult business and certainly not friendly towards e-commerce.
Lets face it people, the reason we are getting all this is because of bad business practice from previous sponsors etc. Hence the tightening up of rules and regulations. And it certainly does NOT help when webmasters here sue sponsors, report to FBI for fraud etc. It gives everyone a bad name. Not that any webmaster here cares because it is every man for himself or rather him or herself.
However, due to my background in third party processing previously (I used to run a small third party processor which I later sold to a listed company), I will say that Visa/MC have us by the balls. Seriously, look one day they can easily say lets stop processing adult totally.
Fraud and Credit card fraud is far worse then SPAM; yet fucking idiots and I will swear a lot of you go after spammers when you should hate credit card fraud more. It is the fucking bane of life! Look when third party processors lose money; they go under who suffers? You as the WEBMASTER; on the other hand, how does spam hurt you? All you do is reach for the delete key, yet with so many sites dedicated towards spam, you would think spam is FAR WORSE A CRIME THEN CREDIT CARD FRAUD. I Beg to differ.
Now, the solution is not easy. All of us webmastes need a fucking processor. Getting a merchant account is not easy especially if you are just starting out. Heck even if you are established you got a lot to handle. So third party processors or independent merchant accounts are the way to go. However, if you get too many chargebacks, you are held liable if you are a merchant account. So what choices are you left with?
Fucking use a third party processor and pray that your check does not bounce and certainly hope that your fucking luck stays. But given everything that is on the table, THE ONLY WAY OUT I see is own a fucking bank and make the rules. Btw, make sure it is offshore then fucking deal with it. However, then again you fall under Visa/MC regulations. So the thing is to fucking overthrow VISA/MC. Jesus. I can forsee a black day for E-Commerce and Adult industries for sure.
Just food for thought.
-Nato
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