Quote:
Originally posted by nocostporn
have a link for that?
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I just did a quick search and got this -
http://www.usatoday.com/money/tech/2...-22-paypal.htm
the problem is that Visa and Mastercard dont like agregators. For example, in Australia companies like CCBill can not exist due to the card company rules.
I believe CCbill/Ibill etc are already having to report chargeback ratios etc for each individual site and you will more than likely find that sites with high Charge Back ratios will get booted by the card schemes.
It is far more profitable for the card schemes to have lots of smaller merchants which they can slug with massive set-up fees, and higher discount rates directly.
Adult is a very SMALL % of there transactions.
It may be a big percentage of their Online/Net transactions but that does not translate into the physical world.
They wouldnt even notice it if they stopped processing the transactions.
Jayson