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Originally Posted by Webby
Hell Coatsy - that's optimistic!  A year is a long time! |
LOL I thought I was being pessimistic with the one or two year assumption
I completely agree with you, 1 ? 2 years is a long long time in this industry. So much changes every single year, I?m going to have to completely change my business model and soon. Currently I just promote sponsors and I don?t have any of my own paysites, I can?t allow myself to end up in a situation where the third party billers are all gone and so are all my rebills. Time to change
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Originally Posted by Webby
On a brighter note... I can see a different model rising out of the ashes and card companies being kept at arms length. A number of processors have already started along these lines - suppose they have the most to lose. Even iBill "assumed" surfers should have a gCard (or whatever they call it) and allocated one to each - not that they even managed to pay out on that. But there is a reason for this in that it does provide an intermediate transaction between card companies and the final beneficiary :-)
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Thats some good news I guess
There are other payment options which are becoming more popular also. SMS billing is very popular in europe and some paysites are starting to implement that although I don't think SMS billing has the ability to charge a member monthly although I could be wrong about that. Anyway I guess its not all doom and gloom
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Originally Posted by Webby
Coatsy:
PS... In iBill's case what that achieved was secured funds in their account - which, of course, have not been paid to webmasters.
Their reasoning was more than just an ammeded payment model, but more a grab-the-cash exercise:-)
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Global did the same thing, was it in 2002 ? Its absolutely scandalous!
How do they get away with it ? Its complete and utter fraud!