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Originally Posted by SexToyDave
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!
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No, they're not unqualified just because they are videos. All adult products, toys and Video that are shipped are just nornal ecommerce transactions and the banks wholesale cost is the same as if you're selling gift baskets.
Visa/MC doesn't restrict the Banks to sign up adult videos or products but they do have a different classification on adult memberships, pay per minute and pay per call etc.. The reporting and chargeback monitoring can be extensive on these merchants as well as the fines for violations and that's the reason banks don't want to process adult.