interesting new article from AVN Online about the Globill disaster. Talks about also problems in the billing industry and how other companies might go down.
Here are a couple of paragraphs. MOre at the link:
"It's unfortunate what happened to GloBill," First Amendment attorney Larry Walters commented to AVN Online. "They are another casualty of the heavy-handidness with which the merchant banks and credit card companies are treating adult material.
"The regulations that are being pushed on the third-party billers by the credit card companies could result in potentially catastrophic consequences for the industry and for Internet users. I predict we're going to see a number of smaller billing companies go under, and the smaller Websites and Webmasters are going to have a very difficult time in the marketplace because of the increased fees, chargebacks and other regulations."
Visa Regulations Hit GloBill Hard
.
.
.
Here are a couple of paragraphs. MOre at the link:
"It's unfortunate what happened to GloBill," First Amendment attorney Larry Walters commented to AVN Online. "They are another casualty of the heavy-handidness with which the merchant banks and credit card companies are treating adult material.
"The regulations that are being pushed on the third-party billers by the credit card companies could result in potentially catastrophic consequences for the industry and for Internet users. I predict we're going to see a number of smaller billing companies go under, and the smaller Websites and Webmasters are going to have a very difficult time in the marketplace because of the increased fees, chargebacks and other regulations."
Visa Regulations Hit GloBill Hard
.
.
.
Comment