Psyko, I'm sorry, but my experience with Wells Fargo is typical of other banks. They asked what kind of business the merchant's account would be handling. What are you supposed to do...lie to them? The answer was: adult accounts aka porn! The only reason the account was granted is because the customer was a *very good* customer.
Chargebacks were looked at carefully, since the bank knew the account was handling adult membership accounts. If they were not told the truth in the beginning, once they found out the truth, the account would have been closed immediately for lying. The customer of Wells Fargo (me...my client) was charged more for each chargeback than if the account had been a non-porn account. The number of chargebacks for an adult merchant's account was limited to less than those acceptable for a standard non-porn account.
This was in the late 90's. Now, look at what is happening! More scrutiny involving adult accounts, and the 1% Visa chargeback limit.
Fletch, I still *LUV U*...I just wish you had been kinder to Amp. I like your posts, and we don't have to agree about everything to like each other, do we? You keep being Fletch, and I'll keep being confucy. Thanks for bringing up this topic because there seems to be some confusion as to what banks are doing these days. Rick Latona mouths off about subjects when he knows nothing. Then when you ask him to be specific, of course, he can't because he has no sources to give you.
