09-22-2004, 12:02 PM
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Hello world!
Industry Role:
Join Date: Mar 2003
Posts: 12,508
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Quote:
Originally posted by MarkTiarra
I have to agree with you. I don't see third party processing holding on forever. Is there any other business in the world that is dominated by third party processing? You start any brick and morter company and you are responsible for your own accounts. Part of the problem here has always been that the barrier to entry is so low that the number of unqualified people running business is too great. I don't mean this as an insult, but I'm trying to make the point that much of the difficulty with large volumes of chargebacks came not just from fraud but also from sites that had not nearly enough (or at least unique enough) content to be charging any fee for access. Also sites put together shoddily with no proper customer support... it's a mess.
Look, at the end of the day the customer base in this business isn't going anywhere. But the ability to deliver content to them and charge them will become restrictivly difficult enough such that only serious businesses are capable of doing so.
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You are right Mark |
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