GoFuckYourself.com - Adult Webmaster Forum - View Single Post - For all international webmasters regarding new visa policy

Webby · 10-06-2002, 01:57 AM

Brown Bear:

OK.. found another reference to this global stuff... pretty much sums it up:

"The new Visa rules in particular are directed against "aggregators" which specifically means companies such as ours in the third-party industry. The new rules are slated to come into effect very shortly within the US. These rules would make the third-party model prohibitively expensive for the industry. It would essentially be rendered impractical. Some billing companies such as Lancelot have decided to shut down rather than continue under the Visa/Mastercard regime.

However, not all regions of the world come under the new rules. The merchant banking industry is broken up into different regions such as North America, Europe, Asia etc. Each region can decide to opt in or opt out. While the US region has opted in, other regions have opted out. GloBill has decided to run its business with reputable banks in the opt-out regions. Not all billing companies have the capital, know how or foresight to set up merchant accounts with these particular banks and that is why I foresee some of these companies going under over the next few months.

With this move, GloBill feels it will emerge as one of the most stable companies in the industry.

Adrian Martin
Vice President
Glo-Bill.com "

Hope ya don't mind me posting this here Arian!

10-06-2002, 01:57 AM
Webby Too lazy to set a custom title Join Date: Oct 2002 Location: Far far away - as possible Posts: 14,956	Brown Bear: OK.. found another reference to this global stuff... pretty much sums it up: "The new Visa rules in particular are directed against "aggregators" which specifically means companies such as ours in the third-party industry. The new rules are slated to come into effect very shortly within the US. These rules would make the third-party model prohibitively expensive for the industry. It would essentially be rendered impractical. Some billing companies such as Lancelot have decided to shut down rather than continue under the Visa/Mastercard regime. However, not all regions of the world come under the new rules. The merchant banking industry is broken up into different regions such as North America, Europe, Asia etc. Each region can decide to opt in or opt out. While the US region has opted in, other regions have opted out. GloBill has decided to run its business with reputable banks in the opt-out regions. Not all billing companies have the capital, know how or foresight to set up merchant accounts with these particular banks and that is why I foresee some of these companies going under over the next few months. With this move, GloBill feels it will emerge as one of the most stable companies in the industry. Adrian Martin Vice President Glo-Bill.com " Hope ya don't mind me posting this here Arian!