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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed.

 
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Old 02-24-2004, 05:35 PM   #1
KRL
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Update On The New Adult Processing Deal I Posted

Here's the update from my prior post on a new bank / processor for adult merchant accounts.

This initial bank they were going to setup with was not willing to handle the volumes to a level that would be needed to make it work realistically for the amount of webmasters that contacted me since some were very large players in the biz.

They've now setup a deal with a bank in South America and are doing the contracts. Everything is expected to be ready in about 2 weeks.

I'll post again when I get the final details and everything is signed.

As you know, a lot of these bankers just don't understand how much volume adult accounts can generate. So its extremely difficult to setup deals. This other bank is looking ok so far.

Keep your fingers crossed. I'll e-mail back everyone when its a done deal.

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Old 02-24-2004, 05:39 PM   #2
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thanks for the update
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Old 02-24-2004, 05:42 PM   #3
BRISK
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Are they saying adult doesn't have enough volume?
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Old 02-24-2004, 05:44 PM   #4
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Thanks for the update and keep us posted
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Old 02-24-2004, 05:50 PM   #5
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KRL hook me up, I got great plans for the gays.com
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Old 02-24-2004, 05:51 PM   #6
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I remember you making a thread about a week ago about PHP/MySQL programmers. Are you still looking?
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Old 02-24-2004, 06:04 PM   #7
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Quote:
Originally posted by BRISK
Are they saying adult doesn't have enough volume?
This first bank was a smaller privately held type owned by a guy with about $300 Mils according to the guy I'm trying to set this up with. The enormous volume levels spooked them I guess.
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Old 02-24-2004, 06:04 PM   #8
KRL
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Quote:
Originally posted by modifried
I remember you making a thread about a week ago about PHP/MySQL programmers. Are you still looking?
Haven't picked one yet. Just added another server guy.

[email protected]
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Old 02-24-2004, 06:05 PM   #9
modifried
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Quote:
Originally posted by KRL


Haven't picked one yet. Just added another server guy.

[email protected]
Okay, will send off a resume later today.
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Old 02-24-2004, 06:18 PM   #10
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Quote:
Originally posted by KRL


This first bank was a smaller privately held type owned by a guy with about $300 Mils according to the guy I'm trying to set this up with. The enormous volume levels spooked them I guess.
Oh ok, I was thought you meant they said that adult didn't have enough volume for them to bother. That made me wonder.

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Old 02-25-2004, 09:31 AM   #11
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I thought this was going to be with a large stable reputable bank ?
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Old 02-25-2004, 09:38 AM   #12
McVisa
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it is - "Pablo Esobar's First National Bank of Coke"
Doubt VISA would have the balls to call them about high chargeback %
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Old 02-25-2004, 09:39 AM   #13
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Quote:
Originally posted by Brujah
I thought this was going to be with a large stable reputable bank ?
yeah me too
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Old 02-25-2004, 11:04 AM   #14
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worth a bump for sure
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Old 02-25-2004, 11:06 AM   #15
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is this new bank columbian?
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Old 02-25-2004, 11:26 AM   #16
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is this new bank columbian?
Drugs and porn go hand-in-hand
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Old 02-25-2004, 11:32 AM   #17
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I have tried these hoops before unsucessfully so I do hope you have better luck than we had.

First they want to be sure you can provide volume, then when you reveal your volume they get nervous and walk away.
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Old 02-25-2004, 01:05 PM   #18
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Quote:
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I have tried these hoops before unsucessfully so I do hope you have better luck than we had.

First they want to be sure you can provide volume, then when you reveal your volume they get nervous and walk away.
Exactly.
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Old 02-25-2004, 01:06 PM   #19
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Quote:
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is this new bank columbian?
No
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Old 02-25-2004, 01:07 PM   #20
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Quote:
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I thought this was going to be with a large stable reputable bank ?
Citibank? B of A? Wells Fargo?

This is the response you get >
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Old 02-25-2004, 01:09 PM   #21
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No
hopefully not Argentinian
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Old 02-25-2004, 01:11 PM   #22
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Citibank? B of A? Wells Fargo?

This is the response you get >
Try the government's fave.. MellonBank!
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Old 02-25-2004, 01:12 PM   #23
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It should be interesting to see how this pans out...
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Old 02-25-2004, 01:14 PM   #24
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You should let me know what kind of rates you get KRL and let me see if I can get something competative.

The higher the volume the better the rates.
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