New VISA regs in April? - GoFuckYourself.com

Tipsy · 02-16-2003, 05:34 PM

It seems there's a rumour going around. Before going further I have no idea at all how accurate it is and don't know the source well enough to judge. However, given the shit last time and the fact that these things seem to happen last minute with little warning it makes me wonder...

The rumour is that in April VISA are changing again to require a security deposit (rather than fee) of up to 50k for each paysite. At the moment it sounds too extreme to me but then again before they happened the recent changes would have sounded extreme too.

IF (and it's a huge if) it proved to be true whay sort of effect would it have? How many sites can currently lay their hands on 50k of cash as a deposit?

As I say it's probably total bullshit but if not you heard it here first (maybe).

[Labret] · 02-16-2003, 05:36 PM

That would be AWESOME. Weed out so much shit, I would make it back in no time flat.

Juicy D. Links · 02-16-2003, 05:36 PM

50k for a multi million dollar paysite business isnt that big , but for the small time sites yeah thats a chunk of changes.

You might have to sell your testicles on the black market to cover the fee

m0rph3us · 02-16-2003, 05:36 PM

LOL where did you hear this

BluMedia · 02-16-2003, 05:38 PM

I would say that is probably bs but who knows with Visa. Just think though at the 750 each site had to pay for each processor in November and times that by all the sites etc and they made a shitload of money.

Mark

Nysus · 02-16-2003, 05:39 PM

I think I started it.. Oops..

Cheers,
Matt

Tipsy · 02-16-2003, 05:41 PM

Quote:

Originally posted by m0rph3us
LOL where did you hear this

Through a very long grapevine that could have started who knows where.

IF (again a big if) it's true I have mixed feelings. In general I don't think it a bad thing however it would shut down a lot of small sites with unique content which is a bad thing.

Whether true or not there's too many seem to think something else is happening with VISA in April. The truth is out there...

KRL · 02-16-2003, 05:43 PM

Anything is possible.

I had one of the first 900 numbers AT&T issued and had to pay them a $30,000 deposit for it which they held for 1 year and finally returned.

TheJimmy · 02-16-2003, 05:46 PM

Quote:

Originally posted by Tipsy

Through a very long grapevine that could have started who knows where.

IF (again a big if) it's true I have mixed feelings. In general I don't think it a bad thing however it would shut down a lot of small sites with unique content which is a bad thing.

Whether true or not there's too many seem to think something else is happening with VISA in April. The truth is out there...

It will never shut down small sites, it will 'limit' their growth is all...

There are plenty of alternative payment methods that will continuously showup in the online world. Visa is huge, and will make someone grow much faster, but it can be done without them...

Mutt · 02-16-2003, 05:50 PM

That would be very sad for lots of smaller paysite owners who put their lives into their sites and mostly play by all the rules, meanwhile the assholes who are mostly responsible for VISA toughening up on the adult business will be able to pay the fees.

chupacabra · 02-16-2003, 05:54 PM

mmm... truly disturbing, we couldn't afford to pay $50k each for our paysites w/out any notice ourselves, and we haven't had a chargeback at all in months..! jebus, i hope this isn't true; march isn't far off..!

BVF · 02-16-2003, 05:56 PM

Good......

That would be the perfect kick in the ass to get me to go over to Dutchbilling.........I'd be taking a HUGE loss at first, but I'd be back within two months....

If I didn't get fired from my job for looking at porn, I wouldn't even be doing porn right now. I always need a good kick to get going.

CCbill is a good company but I'd much rather have my money processed offshore....My babymomma is nice to me now but you never know what could happen in the future.

Ian · 02-16-2003, 05:59 PM

I hear ya Mutt.

BVF · 02-16-2003, 05:59 PM

And another thing....if this is true and Tipsy is the FIRST person I heard say it, and the processing companies stay silent like they did the last time, they will lose thousands of accounts...

Mr.Fiction · 02-16-2003, 06:00 PM

Quote:

Originally posted by Mutt
That would be very sad for lots of smaller paysite owners who put their lives into their sites and mostly play by all the rules, meanwhile the assholes who are mostly responsible for VISA toughening up on the adult business will be able to pay the fees.

The big guys who cause the most problems will find a way around the rules. They'd be the last ones standing if the industry ever got shut down completely.

Tipsy · 02-16-2003, 06:01 PM

Quote:

Originally posted by TheJimmy

It will never shut down small sites, it will 'limit' their growth is all...

There are plenty of alternative payment methods that will continuously showup in the online world. Visa is huge, and will make someone grow much faster, but it can be done without them...

I disagree. It would mean in the short to medium term a big drop in sales for any site currently using VISA and for many of the smaller sites this would mean they couldn't continue as their profits aren't too high at the moment. Sure other payment methods exist but it would still mean a drop and for those sites living almost hand to mouth....

TheJimmy · 02-16-2003, 06:03 PM

I'm waiting to hear KK's 2cents on this one...

She's usually got some good info or insight into these things from what I recall...

Tipsy · 02-16-2003, 06:04 PM

Quote:

Originally posted by BVF
And another thing....if this is true and Tipsy is the FIRST person I heard say it, and the processing companies stay silent like they did the last time, they will lose thousands of accounts...

That's it. I'm off to starty up Tipsy Processing Europe Ltd - we're first with the news!

I think the 50k thing a little unlikely but wouldn't discount it completely. Like I say though a lot of people are hinting at some kind of change in April.

TheJimmy · 02-16-2003, 06:07 PM

Quote:

Originally posted by Tipsy

I disagree. It would mean in the short to medium term a big drop in sales for any site currently using VISA and for many of the smaller sites this would mean they couldn't continue as their profits aren't too high at the moment. Sure other payment methods exist but it would still mean a drop and for those sites living almost hand to mouth....

You may be warranted in disagreeing, however I was speaking from some results of a test that a friend of mine did.

He banged out a shitty little front end and a shitty little interior. Threw a ton of hits to his site, ran a test WITH Visa, then did the same exact thing with one NOT accepting Visa...and he told me that his online checks kicked in like a motherfucker and the end result was only slightly noticable....

I saw the site, and was shocked at how simple it was... Very simple and lame...

It all boils down to how much and what type of quality traffic you can get and if you can sell...

This guy's skill is in traffic, so he may have an advantage over most...

seven · 02-16-2003, 06:11 PM

I heard it'd be 500k in deposit and they'll only let oiginal content sites to remain so the chargebacks are low

Cindyff · 02-16-2003, 06:11 PM

Another Visa change, fucking hahahahas haven't they reamed us enough? now the ass wipes want more. I doubt if they have had time to see the results from the last rip off yet. Other than see a large increase in revenue . They fucking piss me off the twats
!!!

candidpublishinginc · 02-16-2003, 06:12 PM

I think the 50k deposit would MAYBE only apply to merchant accounts and not companies going through a 3rd party processor.

If that rumor were true, there would be no point in even using a 3rd party processor.

Cindyff · 02-16-2003, 06:14 PM

Shit it appears you cannot say C_UN_T on this board ?

Mr.Fiction · 02-16-2003, 06:15 PM

At first I thought this thread was going to be another one about the ongoing rumor of no recurring charges anymore.

Tipsy · 02-16-2003, 06:18 PM

Quote:

Originally posted by Nysus
I think I started it.. Oops..

Cheers,
Matt

Almost but you were a bit late Matt and maybe heard it from the same original source I did (whoever that would have been). I heard it through more than one 'channel'. Could be that someone's pissing themselves with laughter at orginally starting this and it's BS. However rumours often contain at the very least a grain of truth.

Tipsy · 02-16-2003, 06:21 PM

Quote:

Originally posted by Mr.Fiction
At first I thought this thread was going to be another one about the ongoing rumor of no recurring charges anymore.

No point in repeating old bullshit. Far better to repeat BS that hasn't been posted before

Shoplifter · 02-16-2003, 06:23 PM

Quote:

Originally posted by Tipsy

IF (and it's a huge if) it proved to be true whay sort of effect would it have? How many sites can currently lay their hands on 50k of cash as a deposit?

Well it wouldn't be a deposit, you would never see it again. Even if you retired with no problems I can't imagine Ibill, Visa etc. giving you back a dime of that.

Nysus · 02-16-2003, 06:27 PM

Quote:

Originally posted by Tipsy

Almost but you were a bit late Matt and maybe heard it from the same original source I did (whoever that would have been). I heard it through more than one 'channel'. Could be that someone's pissing themselves with laughter at orginally starting this and it's BS. However rumours often contain at the very least a grain of truth.

Okay.

I'm going to make myself another peanut butter sandwich and watch American Psycho.

Cheers,
Matt

HardProfits · 02-16-2003, 06:44 PM

all bullshit

Kimmykim · 02-16-2003, 06:52 PM

This is the first I've heard by a long shot of third party processing putting up security deposits. Makes no sense to me since the processor is the one who has to cover the reserve with the bank in order to get an account.

At 50k PER site, it would be beyond ridiculous, you are telling me someone like ARS is going to put up a half million dollar security deposit in addition to the reserves their processors hold for 180 days? I don't see it.

Anyway, I'm in research mode since people keep mentioning April rules...

Wizzo · 02-16-2003, 06:58 PM

I heard they were going to make us show proof that each paysite owner have at least 10 rolls of duct tape...

Kimmykim · 02-16-2003, 07:00 PM

Quote:

Originally posted by Wizzo
I heard they were going to make us show proof that each paysite owner have at least 10 rolls of duct tape...

now I see why you've been out buying all the stores supplies, you'll be selling that shit to others for a profit eh

02-16-2003, 05:34 PM	#1
Tipsy Confirmed User Join Date: Jul 2001 Location: See sig Posts: 6,989	New VISA regs in April? It seems there's a rumour going around. Before going further I have no idea at all how accurate it is and don't know the source well enough to judge. However, given the shit last time and the fact that these things seem to happen last minute with little warning it makes me wonder... The rumour is that in April VISA are changing again to require a security deposit (rather than fee) of up to 50k for each paysite. At the moment it sounds too extreme to me but then again before they happened the recent changes would have sounded extreme too. IF (and it's a huge if) it proved to be true whay sort of effect would it have? How many sites can currently lay their hands on 50k of cash as a deposit? As I say it's probably total bullshit but if not you heard it here first (maybe).

02-16-2003, 05:36 PM	#4
m0rph3us Confirmed User Join Date: Mar 2001 Location: Principality of Sealand Posts: 2,033	LOL where did you hear this __________________ <font size="2" face="Tahoma"><a href="http://www.18blowjobs.com/webmasters/?640" target="_blank">Get paid $25 per signup</a> listing over <a href="http://galleries.18blowjobs.com/hosted.html" target="_blank">100 free hosted video galleries</a> - <a href="http://www.18blowjobs.com/webmasters/?640" target="_blank">Check it</a> » </font>

02-16-2003, 05:38 PM	#5
BluMedia Confirmed User Industry Role: Join Date: Dec 2002 Location: Colorado Posts: 3,973	I would say that is probably bs but who knows with Visa. Just think though at the 750 each site had to pay for each processor in November and times that by all the sites etc and they made a shitload of money. Mark __________________ IntenseCash - If you can't convert us then you might want to look for a new job . BrokeStraightBoys.com converting 1:124 stats counted by Nats

02-16-2003, 05:43 PM	#8
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Anything is possible. I had one of the first 900 numbers AT&T issued and had to pay them a $30,000 deposit for it which they held for 1 year and finally returned. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

02-16-2003, 05:50 PM	#10
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	That would be very sad for lots of smaller paysite owners who put their lives into their sites and mostly play by all the rules, meanwhile the assholes who are mostly responsible for VISA toughening up on the adult business will be able to pay the fees. __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

02-16-2003, 05:36 PM	#2
[Labret] Registered User Industry Role: Join Date: May 2001 Location: Са́нкт-Петербу́рг Posts: 10,945	That would be AWESOME. Weed out so much shit, I would make it back in no time flat.

02-16-2003, 05:36 PM	#3
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	50k for a multi million dollar paysite business isnt that big , but for the small time sites yeah thats a chunk of changes. You might have to sell your testicles on the black market to cover the fee

02-16-2003, 05:39 PM	#6
Nysus Confirmed User Industry Role: Join Date: Aug 2001 Posts: 7,817	I think I started it.. Oops.. Cheers, Matt

02-16-2003, 05:54 PM	#11
chupacabra Confirmed User Join Date: Sep 2002 Posts: 3,626	mmm... truly disturbing, we couldn't afford to pay $50k each for our paysites w/out any notice ourselves, and we haven't had a chargeback at all in months..! jebus, i hope this isn't true; march isn't far off..!

02-16-2003, 05:56 PM	#12
BVF Black Vagina Finder Join Date: Jan 2002 Location: The Midwest Posts: 13,975	Good...... That would be the perfect kick in the ass to get me to go over to Dutchbilling.........I'd be taking a HUGE loss at first, but I'd be back within two months.... If I didn't get fired from my job for looking at porn, I wouldn't even be doing porn right now. I always need a good kick to get going. CCbill is a good company but I'd much rather have my money processed offshore....My babymomma is nice to me now but you never know what could happen in the future. __________________ Black Pussy Click On Mr Cosby..CCbill, 60/40, 136 FHG's....The Cos Loves Black Ghetto Pussy!!

02-16-2003, 05:59 PM	#13
Ian Confirmed User Join Date: Oct 2002 Posts: 1,259	I hear ya Mutt.

02-16-2003, 06:03 PM	#17
TheJimmy ICQ- five seven 0 2 5 5 0 Join Date: Jan 2001 Posts: 10,747	I'm waiting to hear KK's 2cents on this one... She's usually got some good info or insight into these things from what I recall... __________________ Investor with 5m - 15m USD to invest. Do you have a site or network of sites earning 50k - 200k a month income? Email your contact and preliminary data to: domain.cashventures (at) gmail.com....Please...no tire kickers...serious offers and inquiries only.

02-16-2003, 06:11 PM	#20
seven Confirmed User Join Date: Apr 2002 Location: LaLa Land Posts: 2,697	I heard it'd be 500k in deposit and they'll only let oiginal content sites to remain so the chargebacks are low __________________ Toy Rev Rouge Web Design

02-16-2003, 06:11 PM	#21
Cindyff Confirmed User Industry Role: Join Date: Sep 2002 Location: California Posts: 1,187	Another Visa change, fucking hahahahas haven't they reamed us enough? now the ass wipes want more. I doubt if they have had time to see the results from the last rip off yet. Other than see a large increase in revenue . They fucking piss me off the twats !!!

02-16-2003, 06:12 PM	#22
candidpublishinginc Confirmed User Join Date: Feb 2001 Location: Bedford, NH 03110 Posts: 707	I think the 50k deposit would MAYBE only apply to merchant accounts and not companies going through a 3rd party processor. If that rumor were true, there would be no point in even using a 3rd party processor. __________________ Candid Clicks Earn up to 4 cents a click for blind link traffic! NO CONVERSIONS, NO BS!

02-16-2003, 06:14 PM	#23
Cindyff Confirmed User Industry Role: Join Date: Sep 2002 Location: California Posts: 1,187	Shit it appears you cannot say C_UN_T on this board ?

02-16-2003, 06:15 PM	#24
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	At first I thought this thread was going to be another one about the ongoing rumor of no recurring charges anymore.

02-16-2003, 06:44 PM	#29
HardProfits So Fucking Banned Join Date: Jan 2003 Location: BrizVegas Posts: 346	all bullshit

02-16-2003, 06:52 PM	#30
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	This is the first I've heard by a long shot of third party processing putting up security deposits. Makes no sense to me since the processor is the one who has to cover the reserve with the bank in order to get an account. At 50k PER site, it would be beyond ridiculous, you are telling me someone like ARS is going to put up a half million dollar security deposit in addition to the reserves their processors hold for 180 days? I don't see it. Anyway, I'm in research mode since people keep mentioning April rules...

02-16-2003, 06:58 PM	#31
Wizzo 2011 GFY Hall of Fame! Industry Role: Join Date: Nov 2000 Location: Back in Texas! Posts: 15,224	I heard they were going to make us show proof that each paysite owner have at least 10 rolls of duct tape... __________________ Looking for Opportunity!