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Originally Posted by spunkmaster
Actually Visa/MC only take .095 basis points on a transaction and the issuing bank gets the rest.
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All video transactions are automatically "unqualified" which adds more to the fee. Not sure if Visa gets extra over the .095 on unqualified transactions.
My main point is that as a monopoly Visa restricts banks ability to sign up adult video companies and the also sets rules to fix high prices. Thus someone is unfairly making extra money due to illegal monopoly actions.
This is a good point however, to figure out exactly who is making the $$.
I believe that Visa is federation of banks that do its processing. Thus even if the banks rather than visa get the extra profits, somehow, that may be further distributed to visa? Not sure, but I am going to research this. . . . thanks!