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Kimmykim · 03-29-2002, 12:33 PM

I understand exactly what you are saying cherry, and if it's just pics of your animals, not you naked with them around you, I can't imagine there would be any issue. I really can't imagine any issue with it anyway, but better safe than sorry.

The problem with starting a cc is first you have to have money, and then you have to have distribution.

There are some differences in how all the cc's work -- I'll give you a quick overview --

Visa/MC -- two separate organizations -- they are regulating bodies with different geographical regions, and they have banks that issue cards and hold the notes, paying them a fee for issuing cards, cards used, issuing merchant accounts, etc. They have an International governing body, but not all the regions do everything the same way. (Has both money and distribution from many different sources).

Amex -- currently is what can be called a closed loop transaction system. All the money and the cards etc, are provided by Amex, and no other entity. Amex recently won a case in court against Visa/MC, which means that banks can now issue Amex without having Visa/MC terminate their rights to issue Visa/MC (one more indication of a monopoly, Fatpad ;) ). Since Amex doesn't currently rely on bank distribution or a board of directors made up of issuing banks, acquiring banks, etc, they have much more control of how their cards are used and set their own rates -- there is no competition among issuers to give better rates, and won't be until there are mass issuers (the distribution problem).

Discover -- started by Sears, I think currently owned by Sears in some way still. Another closed loop transaction system -- you can only get Discover from Discover, use it and pay for it directly thru Discover.

These are the popular American cc's -- oddly enough, Carte Blanche and Diners Club were pretty much the first cc's but they never got the distribution or the marketing behind them -- Mastercharge (old MC name) was what really started putting cards on the map in a universal sense -- not a card specific to a store or a gas station chain -- and then Visa eclipsed them with some great marketing.

Paypal falls into a grey area because they are neither a bank, an issuer, or an acquirer. The rumor is the banks are screaming bloody murder because people can park cash in Paypal accounts off their cc's without paying a cash advance fee and the banks are losing money. The other problem is that none of the funds they hold are insured, so if they went under the money would be gone -- and people that had put their money in with cc's would attempt to charge back in mass quantities.

Sorry for the long post, cc's is never an easy topic tho.

03-29-2002, 12:33 PM
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	I understand exactly what you are saying cherry, and if it's just pics of your animals, not you naked with them around you, I can't imagine there would be any issue. I really can't imagine any issue with it anyway, but better safe than sorry. The problem with starting a cc is first you have to have money, and then you have to have distribution. There are some differences in how all the cc's work -- I'll give you a quick overview -- Visa/MC -- two separate organizations -- they are regulating bodies with different geographical regions, and they have banks that issue cards and hold the notes, paying them a fee for issuing cards, cards used, issuing merchant accounts, etc. They have an International governing body, but not all the regions do everything the same way. (Has both money and distribution from many different sources). Amex -- currently is what can be called a closed loop transaction system. All the money and the cards etc, are provided by Amex, and no other entity. Amex recently won a case in court against Visa/MC, which means that banks can now issue Amex without having Visa/MC terminate their rights to issue Visa/MC (one more indication of a monopoly, Fatpad ;) ). Since Amex doesn't currently rely on bank distribution or a board of directors made up of issuing banks, acquiring banks, etc, they have much more control of how their cards are used and set their own rates -- there is no competition among issuers to give better rates, and won't be until there are mass issuers (the distribution problem). Discover -- started by Sears, I think currently owned by Sears in some way still. Another closed loop transaction system -- you can only get Discover from Discover, use it and pay for it directly thru Discover. These are the popular American cc's -- oddly enough, Carte Blanche and Diners Club were pretty much the first cc's but they never got the distribution or the marketing behind them -- Mastercharge (old MC name) was what really started putting cards on the map in a universal sense -- not a card specific to a store or a gas station chain -- and then Visa eclipsed them with some great marketing. Paypal falls into a grey area because they are neither a bank, an issuer, or an acquirer. The rumor is the banks are screaming bloody murder because people can park cash in Paypal accounts off their cc's without paying a cash advance fee and the banks are losing money. The other problem is that none of the funds they hold are insured, so if they went under the money would be gone -- and people that had put their money in with cc's would attempt to charge back in mass quantities. Sorry for the long post, cc's is never an easy topic tho.