my thoughts about the latest VISA regulations

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  • funkmaster
    So Fucking Banned
    • Sep 2001
    • 7938
    #1

    my thoughts about the latest VISA regulations

    well, I´ve been thinking a lot about the new VISA regulations lately, been reading articles and shit. I only come to one conclusion (and it´s a pretty easy one too):

    VISA does not want to have ISPS to process credit cards, they are simply trying to cut out the middle man and add their 10% - 15% to VISA´s income. by drying out the ISPS market VISA will tripple their income and I am pretty sure it will happen within the next 12 month ... mark my words !!
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    • stocktrader23
      Let's do some business.
      • Jan 2003
      • 18781
      #2
      How would killing IPSP's make visa extra money?


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        • RightHandMan
          Confirmed User
          • Jul 2003
          • 1694
          #3
          Thats a damn good theory...Props my friend.

          Verywell could happen...

            Comment

            • El Pres
              Confirmed User
              • Aug 2002
              • 382
              #4
              Originally posted by stocktrader23
              How would killing IPSP's make visa extra money?
              He answers that question in the original post.
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                • stocktrader23
                  Let's do some business.
                  • Jan 2003
                  • 18781
                  #5
                  Originally posted by El Pres


                  He answers that question in the original post.
                  And again I ask, how does killing the middle man make visa the extra 15%? They don't charge 15% to process.


                  Hands Free Adult - Join Once, Earn For Life

                  "I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."

                    Comment

                    • JM-cj
                      Confirmed User
                      • Nov 2002
                      • 324
                      #6
                      Visa could create seft internet billing!!!! Why you still pay 15% to ibill or ccbill or other billing, you will pay it all direct to VISA !!! ?

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                        • Mr.Fiction
                          Confirmed User
                          • Feb 2002
                          • 9484
                          #7
                          I doubt Visa wants to deal with a bunch of small porn companies on their own.

                          More likely, they don't care if they process for adult at all. Besides that the U.S. government is probably giving them big pats on the back behind the scenes for punishing the online adult industry.
                          Don't be lazy, protect free speech: ACLU | Free Speech Coalition | EFF | IMPA

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                            • KRL
                              Entrepreneur
                              • Oct 2002
                              • 31429
                              #8
                              I think they will just keep changing the regs endlessly for the forseeable future.
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                                • 12clicks
                                  Too lazy to set a custom title
                                  • Jan 2001
                                  • 19815
                                  #9
                                  Originally posted by Mr.Fiction
                                  I doubt Visa wants to deal with a bunch of small porn companies on their own.
                                  Visa deals with millions of much smaller businesses already.
                                  I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

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                                    • polish_aristocrat
                                      Too lazy to set a custom title
                                      • Jul 2002
                                      • 40377
                                      #10
                                      Originally posted by KRL
                                      I think they will just keep changing the regs endlessly for the forseeable future.
                                      what will be the end ?
                                      I don't use ICQ anymore.

                                        Comment

                                        • Gman.357
                                          Confirmed User
                                          • Oct 2002
                                          • 2796
                                          #11
                                          Originally posted by Mr.Fiction
                                          I doubt Visa wants to deal with a bunch of small porn companies on their own.

                                          More likely, they don't care if they process for adult at all. Besides that the U.S. government is probably giving them big pats on the back behind the scenes for punishing the online adult industry.
                                          This sounds about right.

                                          The government, congress in particular, is simply a pawn of the credit card companies and vice-versa. They say what the companies want them to say, and in return the banks and card operatives do them some "favors". MBNA, the nation?s second-largest credit-card company, was the top contributor to Bush?s election campaign. The banks that control the market dump truckloads of money in the laps of politicians that they know are crucial in blocking any law being passed that would prevent the companies from sticking it to the consumer with interest gouging by the card companies and banks themselves.

                                          One hand washes the other.


                                          Ouch.

                                            Comment

                                            • ThePornGuy
                                              Confirmed User
                                              • Mar 2003
                                              • 275
                                              #12
                                              Originally posted by 12clicks

                                              Visa deals with millions of much smaller businesses already.
                                              I think you may be mistaken. Visa deals with a few big companies like First data and Nova who deals with a few other big companies like Card Service International (Unorganized Bastads) who deal with the small companies and who also deal with other small companies that branch of them that deal with small companies.

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