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Originally Posted by damian2001
When Globill went tits up I remember everyone saying IBill would never go the same way.
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Mmmm... third party processing can be profitable, but how would you like to build a biz that is dicatated to from "outside"? Don't sound too stable :-)
There is this gut feeling we may not see TPP around in 2006.
Even now, it is long past time for any TPP's to have some form of indemity insurance to cover their clients in the event of their demise.
No processor is invincible :-) Who is next, or who is going to be innovative and come up with an alternative processing model?
On the brighter side.. tho hell knows how long that will take to be active - I can see a new model for, particulary "high risk" clients, where card companies are at arms length. Basically the customer can't access adult sites without a "porn card" and this can be topped up from any credit card and spent as they wish - if the money is not available on this "debit card", they get nothing and the webmaster has no chargebacks. Of course, it's not named a "porn card" and would be usable to buy non-adult CD's blah - that's what 99% of cardholders would use it for - wouldn't they?
