PSW to sue VISA/Master !!!!!!!!!!!!!!!!!

Go charly! I want to see you tell 98% of your customers that they cannot pay you. And won't be able to until they get a Discover (no Y) card.

That's such brilliance I am still shaking my head.

I was just using my imagination.


But there are so many companies and some processors that will not be affected by the 1% cb threshold, I'm thinking what could they be trying to do in the long run that can possibly threaten the whole industry?
Are they gonna take it down to 0% and say they charge for ALL chargebacks? 1 cb just costs only as much as what 2-3 members bring in at most. How much worse can it get?

It can definitely get worse Lane. At some point the best thing they could do would be to simply dump adult and let us move on.

It's like an abusive relationship and we are quickly becoming the battered, where we used to be the batterers.

Doesn't bode well for anyone.

I understand they want to protect their consumer, but if their consumer is the one scamming... then they should have to pay the price for that.

I mean the say, they investigate these fraud claims, do they? Not that I know of...

A woman buys one of my scripts.. tried the demo on line before purchase and everything... gets the script, I give hours upon hours of tech support because she is an idiot...

To keep this short... she was asking about the upgrade, was not happy that it was taking so long to be finished, called Visa claimed fraud and that she "NEVER RECEIVED" my program and got her $$ back....

I was NEVER contacted by anyone to see if her claim was legit ir not.. they just took the money from me and gave it back to her...

I have literally 30 emails giving her support, a captured image of her site in my browser showing her url and my script on her site... I was loaded with evidence... no investigation, no contact nothing...

Hell, I cut up all my CC's fucking interest is for shit. I go strictly debit now... if I can't afford to pay cash.. I don't need it.

Roughly what % of gross income would be lost?

There are still checks and 900, u know.. By the way, I'm not asking what the % they constitute currently, but how things would look like when cc is gone as an option..
I remember somebody made a test and posted on gfy, he didnt have a big difference in sales when he removed the cc option and people had to use checks instead. The rebills are a problem since u won't have those people who forget to cancel.. still not a big deal.
Profit margins have been so big, i don't think such change (cc option goin bye bye) can ruin the whole paysite industry.
A lot of people would totally leave of course, but the the ones remaining alive would still have big chuck of the leftover pie.

Anyway, I'm probably not one to make the best predictions about this, time will tell..

Checks are only a fair alternative. Simply because people prefer using credit cards because they don't have the money. If CC's were gone, people would still buy porn, just not when they don't have the money.

What this industry really needs is its own self-regulated billing system. Why can't we do that? Run similar verifications as you would on a check transaction etc.. No card involved, just a billing system backed up by collection agencies. Someone mentioned they tested that on a small scale and it worked well.

Wel seeing as 98% of my clients do not want to use Epassporte I would stop shaking my head.

The situation may come when Visa/MC are just not going to be worth the hassle. Are we to react to that situation when it hits us or before and plan for it.

What I'm suggesting is we look at alternative Cards and see what the surfer will do when he is told "Alternativecard" give him a bonus in signing up.

I can see why you want Visa/MC to dump adult so everyone is forced to use Epassporte with the customer paying a minimum 10% to load his account and you taking 8% from the seller, good system.

The sky is not falling in, it is just getting toughter for those who think they can pull fast tricks and put up site no porn shop would dare sell.

People will continue to buy porn anyway they can. They have learnt to buy it on the Internet and will continue. If Visa and Mastercard say "Enough" to the porn industry be sure another card will say "No problem". So long as we are not more trouble than we are worth and this is the crux of the matter.

How much trouble are we as an industry to the Credit Card companies? Are they scared of being dragged into a scandal of them taking money on CP, Beastie, Skat, Rape, etc, or just plain scam porn sites?

This is where the third party processors have fallen down, they need to monitor every site they clear for on a regular basis. Or even set up a unit to just search out these sites and see who they process via and drop them.

Lose the bad apples and we might have a better chance.

Yep I agree, we need to start looking/thinking about alternatives. Even if Visa/MC/CC don't drop adult they sure as hell will have the power to regulate it! There's some clever guys here and in the adult industry in general, I am sure someone somewhere will think of something!

the % of loss would be huge....1000's of companies would be gone in the next 24 hours

"Friendly fraud" that the bank authorizes and we get fined for.. sounds like racketeering.

heh racketeering.. make the merchants pay for the "friendly fraud" and "zero liability"