Fiddy fuck-youse MC.

:2 cents::2 cents::thumbsup

What's interesting is that ccbill is not even talking about merchants that do 100k in mastercard per year and how it affects them

Also I'd like to know is why CCbill didn't get compliant in advance and save it's merchant the first year in fee's like other processors have done.

Your mileage may vary, but, in my experience, Verotel do not pay.

I've been with them the better part of a decade. So I speak from experience when I say that you're mistaken.

:2 cents:

We have been using them for many years and never had any issues what so ever.

edit: i could have just quoted bf!

I am not mistaken. I said your mileage may vary, so, if you say they paid you, I believe that is your experience i.e. that variance thing I mentioned. My experience is that Verotel failed to pay.

How do we turn MC off if we don't want to pay?

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Mastercard DOES NOT lose money. No way. No shape. No how. This fee doesn't change any of that.

this will fuck one of my client, he is from asia and only accepts mc.
nice move from mc.

so if its due to high risk, does that mean the scrubbing, all security measures, all weird reason for CC declines has had no effect? if so, could we please have those blocks turned off so we can get some sales....:2 cents:

Q. I have a high risk account and I don?t want to pay the fee, how do I opt-out of MasterCard acceptance?

A. Please contact CCBill Merchant Support for assistance with cancelling your MasterCard service.

Q. I have elected not to continue accepting MasterCard for payment; do I have to do anything to my payment forms to remove the feature?

No. Once you have opted out of MasterCard acceptance we will remove the MasterCard logo from all of your CCBill payment forms automatically.

Q. I am discontinuing MasterCard processing on my account. What will happen to my existing subscriptions that pay with MasterCard?

Consumer subscriptions with recurring payments billed to MasterCard will be cancelled if you do not pay the MasterCard registration fee.






http://www.ccbill.com/cs/mc_faq.htm

they tried before, but damianJ alters the reality thanks to his magic power.

Think about all the things you can use your credit card for. Trust me, Visa and MC do not give a FUCK about adult or probably any high risk processing really. It's a blip on the radar and a tiny one at that.

Yep we are probably less than 5 percent of all processing.thats why amex dumped us it wasnt worth it.

Well, I'm surprised mastercard even took this long to implement this fee. Visa has been doing it for years. Easiest form of business, copy your competitors. Just wait and see, over time, these visa and mastercard fees will increase. Business 101, pass the cost onto the consumer. Raise the price of memberships. Problem solved.

ccbill losing money on sites that don't cover the 500, not MC

Yes this is no good news for ccbill (or Epoch) as this is less sites, not more, willing to use ccbill or epoch.

I think you're off on the percentage of MC transactions. For me, for my accounts, it's 18%. Studies I've seen online regarding adult MC transactions compared to Visa is around 17%. Of course, some sites will do more, some less...

Also, the more volume you do with CCBill the less they take, so anything over 5k they take 13%, anything over 100k they take 12%, etc. I think 11% is the lowest but I wouldn't be surprised if some major companies get an even better deal.

I also often wonder if a company like CCBill re-invests profits, or take profits and grows them from other investments, making their overall profit margin (and the revenue generated) larger. Make your money work for you. LOL

Why some European processers are not charging the fee (yet) makes me think they feel they can't or they would lose out to CCBill, etc. NOT charging is an advantage for them maybe.




QFT. I've always said this business consists of people who couldn't get a job doing anything else. Throw in drugs, financial desperation, psychological problems, abused personalities, greedy criminals who hate themselves and the world and you get an industry filled with bad decisions. But hey, did you think Adult was filled with honorable people doing their best to make the world a better place? LOL

Really? So you couldn't find a job doing anything else?

You know, my ex-partner owns several businesses and properties that he bought with the money he made in porn. He didn't seem to have any problem with achieving things outside of porn.

I know a lot of owners in this business, and every one of them are sharp, bright people who would be successful in most anything they do.

I like you just fine Mr. Peabody...but if you really think that all your peers are that stupid, I don't know what to say to that.

Generalizations like that just don't hold a lot of water to me.

And usually folks who make that "Everybody in adult is stupid" comment usually leave the unspoken "EXCEPT ME" part out.

Newsflash: There are a LOT of guys in this business who can run circles around you with half their brains tied behind their backs. I never underestimate people.

So the TLDR version of this is that if you are already processing MC they are just going to deduct the $500 and that's it?

Excellent post #69, Robbie. :thumbsup

Fuck it :pimp

Robbie, I was not really talking about people you describe: actual businessmen (and women) who, I agree totally, can do what you say and are brighter than most. I aspire to be one of those one day but more on that in a second. I was actually referring to most of the fucktards who clutter up this business with their unethical ways, their personal carelessness, etc. Adult is often a last stop for such desperate scammers. I did NOT mean the kind of person who attends XBiz.

(It's an old expression, "This business is filled with people.....etc." I remember it from my music biz days. LOL)

There are many, many levels in today's porn world. The entry to online porn is next to nothing, which is how I was able to get started. But you have everything today from one-man shows to major worldwide companies. I'm more familiar with the "little guy" who barely knows how to turn on a computer, like me. Sorry if I offended. :)

Intelligence and business acumen aside, solutions to the issues discussed here on GFY seem few and far between. What are the best minds in this business actually DOING to change the current climate? I'd like to know so i can support them.

I just see people say that all the time. And I have to wonder if they have ever dealt with other businesses.

For instance...I hear how the porn industry is full of drugs from people on GFY.
But it's NOTHING compared to what happens in the music business. Or ANY other form of the entertainment industry.
And my youngest brother is a car salesman. They make the music industry look like boy scouts when it comes to drugs, whores, and alcoholism.
But you get fucking geeky mama's boys on here who THINK the porn industry is full of Keith Richards types because they themselves still live at home with mama and daddy and have never had a good time in their miserable lives.
It's a goddamn joke.

Then I see the posts about how the porn industry is full of "scammers". And again...EVERY industry is full of that. I could point once again to my own experience in the music industry or the fact that every one of you who has ever bought a new car has been loaded up with thousands of dollars of shit you didn't even realize you bought (backend "product") when you bought your car. I take my brother with me when I buy new cars and you would all be shocked at the money I save by having my own personal "car lawyer" (my brother).

I just don't like seeing the continuing put down of our own industry by those that are supposed to be a part of it. After a while it just looks dumb.

The adult industry is 99% bright and honest people. Just like any other industry. And yes, it does have it's bad apples just like every other industry.

In my opinion it's a lot "cleaner" than the majority of businesses out there.

Well, it's an amazingly simple business, when you think about it: sell sexual images and videos to (mostly) men who crave ejaculation. But as free porn continues to drown us all it's getting harder and harder to figure out how to sell what used to be easy to sell.

I do often wonder if the smart ones in this business were the ones who sold and got out back in 2007 or so.

Not many businesses are very complicated.

Unless you're a thermo-nuclear scientist or a brain surgeon...all it really takes is a bright guy with a lot of drive and ambition to rise to the top of most anything they want.

As Thomas Edison said: "Genius is one per cent inspiration and ninety-nine per cent perspiration. Accordingly, a 'genius' is often merely a talented person who has done all of his or her homework."

In a funny way, I think ironically maybe even because people mistrust the online adult industry in general, it tends to be less scamtastic than similar businesses. Or at least, I have had some pretty major VC-funded "mainstream" online companies work awfully hard to scam people out of chump change. In online adult, someone stops paying and they are pretty much done in a few weeks. I started off in magazines and online is pretty awesome comparatively. Just the speed of cashflow in online adult helps keep people honest.

There are a lot of businesses it has sucked to be in since 2007 though. I mean, freaking megacorp McDonald's couldn't get the normal access to capital they require to do business normally.

This is going to put a significant stab in the heart of the remaining decent affiliates.

Mom and Pop shops... looks like its the final blow, that is probably most of your yearly profit.

Sad

2013 and people still believe it is a fee from the card companies, lulz.

& what about the filelocker cunts they are so happy to allow processing?

This will really hurt me, I am just a small website, I will have to accept it as I have a shed load of mastercard rebills... my rebill retentions are quite high which suggest those members at my site enjoy what I do, but this is another swipe at the smaller companies like myself, it really sucks! :(

:thumbsup

and to add:
ALL industries are full of alkies,druggies,assholes, scammers, etc, we are NO different. It's like those people who say they expect no morals in the adult biz, ugh, I hate that shit. :2 cents:

Thanks Jel, RIF

Correct, what possible reason could there be for CCBill to pass along this fee, Mastercard is billing them.

Christ, If you run a hardware store, you pay rent, or own the building, everyone opening a McDonalds pays a franchise fee.

Bottom line, Mastercard says FUCK YOU, pay me, you have 2 choices, pay it, or do not process Mastercard

Endless bitching and moaning on GFY is nor going to change it.

Biggest problem with this biz, Not piracy, not tubes, it is the entry cost is too low so it is filled with "businessmen" making beer money that think they are ballers.

google, you can get the info direct from Mastercard

Just like any other biz, the cost is passed on to the customer

maybe ccbill just got the BIG fine from mastercard? for processing filehosts, for example

http://m.gfy.com/showthread.php?t=1063640&page=1

so filehosts get the profit and "innocent" adult business has to pay fines
credit card companies charge huge fines for breaking rules by processing companies... its a well-known fact... easy to get $500,000 fine being caught for doing something against rules

Discover Card is next to introduce $500 Discover Fee :thumbsup Diners Card, too...

I'm probably going to pay the fee to Epoch as I would loose a shit load of MasterCard re-bills. However, I don't see anywhere in my CCBill admin to check how many MasterCard subscriptions I have and thought fuck it, I'm not paying MC twice. So I contacted CCbill yesterday with my notice to opt-out of processing MasterCard with them.
Disappointingly I've not had any response from them yet, which kind of reassures me that I use Epoch as primary for the right reasons!

500 Euros p/year covers BOTH Visa AND MasterCard through Verotel. :2 cents:

I have a Verotel Premium account and have discussed the MC topic with them and they did confirm that there will be no additional fee.
However, small merchants can easily get stung with them. If you fall under ?1000 (Euros) per week with a Premiere account you pay a ?25 p/w fee. If you consistently process lower than ?1000 per week then you can change to a Verotel Basic account which has no fee, provided you process over ?100 p/w. The sting with the Verotel basic account is that processing charges are 15.5% initial and 17% on recurring subscriptions (initial rate plus 1.5%)
So could be a good choice for some but definitely not for all.

HOLY SHIT!!!

Get yourself a merchant account. That is just highway robbery.

Yes, for sure.

Since my last statement regarding opting out of MC with CCBill I have spoken with a rep on live chat and discovered that I can in fact view a break down of card payment types to see who has used MasterCard.
Annoyingly I see that I have a very large number of MasterCard recurring subscriptions so it looks like I am going to have to pay the fee to avoid losing those!
So that's $1000 I have to give to MC via CCBill and Epoch just to keep my recurring subscriptions!
Even if I got a Merchant account I would still need to pay the fee's or finish up losing more in the long run. Catch 22!
Cheers!!! :(

those percentages tell the real story...zero in on the percentages...and things are revealed

exactly

/thread

Peabody now that was spot on and funny! Kudos!

I'm glad I'm not the only one who sees this.

:thumbsup

I don't see it here: http://www.mastercard.com/us/merchan...ual_public.pdf

NETbilling can certainly help with your merchant account as we have thousands of adult and mainstream merchants save $$$.

I just called CCBill to find out how many MasterCard transactions took place for my sales within the last year. They said this was impossible to determine.

I then asked if they knew what percentage of CCBill sales overall, were MasterCard. Again, they said they had no system in place to make that determination.

It seems unreasonable to believe they cannot answer this question.

Semi-related, there is a chain of dollar stores in my area called Dollar Tree. The company that owns Dollar Tree also owns a chain of stores called Deals. Until very recently, neither of these chain stores accepted MasterCard. Within the last few months, most of their stores have changed policy, and now they DO accept MasterCard.

I only mention this because for YEARS this major business chain of retail products decided MasterCard was not worth accepting. This was not a niche online enterprise - it was (and is) a very big company that sells to the general public, and FOR YEARS they decided accepting MasterCard was NOT a priority for them.

Just something to think about...