Ibill, CardServices Dumping Adult Portfolio

[herbal logic]

Hi,

Not trying to bring bad news news to the board but the fact is that Ibill (who processes through card services international) is in the process of trying to unload their entire adult processing portfolio.

If you called csi TODAY and asked about setting up a new high risk account they would tell you no.

Ibills top 50 accounts accounts for $68mil/mo in transactions and those accounts are already progressing to the last bank, yes the last bank in the world right now that will process adult transactions.

Do not be fooled about so-called european accounts (gibraltor, etc.) Those accounts actually process in Israel and I was told today that Israel in fact is also no longer accepting such transactions.

Deutshe Bank is also no longer accepting such accounts.

Most companies that offer merchant accounts are in fact re-selling a portfolio given to them by the actual bank and many are actually referring merchants to these companies re-selling. This is why merchants end up paying a high % in transaction fees.

There are very few (1 company to the very best of my knowledge) That deal directly with the only only bank left that will accept new adult accounts.

If you process over 100k a month at a bare minimum and would like more information on this topic please email me at [email protected]

I will forward your contact info to the appopriate party so you can do your own due dilligence on the matter.

[KRL]

Tell me about it. I've been trying to setup a new processing deal through some banks. I'm starting to believe there is a solid conspiracy.

[David - PG]

Those accounts actually process in Israel and I was told today that Israel in fact is also no longer accepting such transactions.

Yea right ok.

Deutshe Bank is also no longer accepting such accounts.

Welcome to 09/2003.

[ace0r]

don't know how true your facts are, but another processor is doing away with adult as well.. should be public knowledge in about 90-120 days.

[sperbonzo]

Originally posted by herbal logic
Hi,

Not trying to bring bad news news to the board but the fact is that Ibill (who processes through card services international) is in the process of trying to unload their entire adult processing portfolio.

If you called csi TODAY and asked about setting up a new high risk account they would tell you no.

Ibills top 50 accounts accounts for $68mil/mo in transactions and those accounts are already progressing to the last bank, yes the last bank in the world right now that will process adult transactions.

Do not be fooled about so-called european accounts (gibraltor, etc.) Those accounts actually process in Israel and I was told today that Israel in fact is also no longer accepting such transactions.

Deutshe Bank is also no longer accepting such accounts.

Most companies that offer merchant accounts are in fact re-selling a portfolio given to them by the actual bank and many are actually referring merchants to these companies re-selling. This is why merchants end up paying a high % in transaction fees.

There are very few (1 company to the very best of my knowledge) That deal directly with the only only bank left that will accept new adult accounts.

If you process over 100k a month at a bare minimum and would like more information on this topic please email me at [email protected]

I will forward your contact info to the appopriate party so you can do your own due dilligence on the matter.

Although that is close to being correct, it is not completely accurate. I actually know of a BIN that is accepting adult that is NOT through Isreal. In fact I know of several that are still writing adult business of over 50k USD per month. If you would like to you can contact me regarding this.

You may also want to look at Duocash as an addiltional way to process transactions along with your credit card processor.

We enable pre-paid phone cards to be used, which means that we have nothing to do with VISA/MC and we are NOT subject to the credit card association regulations.

We are not looking to be a replacement for credit cards, but rather an anonymous, additional method to get customers who might otherwise not want, or be able, to give CC# to adult sites.
Our system also works very well for micropayments as there is no per transaction fee of 15 to 50 cents like CC transactions.

Perhaps you may want to take a look at Duocash

http://www.duocash.com/merchants.jsp


We are not in the business of selling phone cards. The problem with earlier business models has been distribution of proprietary cards. The retailers won?t stock the cards if the customers aren?t asking for them. The consumers aren?t aware of the cards if they aren?t on retailers shelves. It?s a chicken and egg type of issue.

In our case, we have done something different. We are taking a product that is ALREADY on the shelves, in distribution online, and in call centers. We are enabling the existing phone cards that are already on the market and being distributed, to be used by consumers to purchase digital content on the internet. This also avoids the issue of a single-use card that won?t be carried by retailers and distributors because of perception problems associated with a card that is specific to adult, gaming, etc?

We are putting together some VERY large deals that will be implemented in the next 60 days or so that will put us all over the US and Canada, and we are in discussions to expand to Australia and the EU.

You can contact me on my mobile or my email at any time for any questions you might have

[quiet]

[herbal logic]

Originally posted by KRL
Tell me about it. I've been trying to setup a new processing deal through some banks. I'm starting to believe there is a solid conspiracy.

St. Kitt's is the last bank left for adult. Nearly impossible to get an account direct through them.

[tony286]

I see lots of check processing in our futures lol.

[SENSEX]

Europe has Direct Debit, how long before it is the norm in NA?

[tony286]

ibill doesnt use cardmembers international , they use first data.

[David - PG]

Originally posted by herbal logic
St. Kitt's is the last bank left for adult. Nearly impossible to get an account direct through them.

[herbal logic]

Originally posted by tony404
ibill doesnt use cardmembers international , they use first data.

and who do you think owns csi?

[detoxed]

Lol this guy is obviously just spamming. Fuck off.

[herbal logic]

Originally posted by David - PG

If you know of another bank, please let me know.

[MattO]

We represent banks that will take adult, EU and LAC, mostly placing in LAC right now.

[tony286]

If you are a USA company and process overseas or offshore, if I remember correctly you can get blacklisted .

[MattO]

Originally posted by tony404
If you are a USA company and process overseas or offshore, if I remember correctly you can get blacklisted .

so you set up a domicile offshore it's not hard to do

[NetRodent]

[herbal logic]

Originally posted by MattO
We represent banks that will take adult, EU and LAC, mostly placing in LAC right now.

Unless you are speaking of Bank of Leumi you are not telling the truth or are dealing with banks who are merely processors and not actual acquirers.

[Major (Tom)]

CSI stopped taking on High Risk accounts months ago. This isnt novel news.
ds

[axelcat]

Originally posted by David - PG

[Kimmykim]

I'm not spamming anything here, but the original post in this thread is incorrect in many ways.

There are multiple banks worldwide that issue high risk transaction merchant accounts, most have a 100k per month minimum.

That's just for starters.

[Kimmykim]

Originally posted by herbal logic



Unless you are speaking of Bank of Leumi you are not telling the truth or are dealing with banks who are merely processors and not actual acquirers.

And you work for Visa or Mastercard both US and Internationally in what capacity to make such comments?

[MattO]

Originally posted by herbal logic



Unless you are speaking of Bank of Leumi you are not telling the truth or are dealing with banks who are merely processors and not actual acquirers.

I'm telling the truth. There are more places to go than you must know. It's not as bleak as you paint.

[sperbonzo]

Originally posted by herbal logic



Unless you are speaking of Bank of Leumi you are not telling the truth or are dealing with banks who are merely processors and not actual acquirers.

Sorry sir, but your information is incorrect. I have been involved in the high-risk aqcuirring side of credit card processing for years, and your information is limited and out of date at best. I'm well aware of some of the circumstances that you mention... (and by the way, I would not reccomend going with st kitts, personally) as well as the constantly changing situation in regards to banks that are writing new business, but you apparently have somewhat limited connections in international banking. (I DO know the difference between an aqcuirer and a processer)

If you'd like me to prove it to you....get in touch.

BTW, If you are so aware of the situation, please tell us what the main limitation is currently with a Bank Leumi account....if you know what it is....and why it makes what you are saying untrue.

???

[jimmyf]

Originally posted by Kimmykim
I'm not spamming anything here, but the original post in this thread is incorrect in many ways.

There are multiple banks worldwide that issue high risk transaction merchant accounts, most have a 100k per month minimum.

That's just for starters.

Thank you, was reading and wondering when kimmy would set them straight. You good woman.

[Marcus Aurelius]

Originally posted by NetRodent

OMFG....OWNED!!!

[herbal logic]

Originally posted by sperbonzo



BTW, If you are so aware of the situation, please tell us what the main limitation is currently with a Bank Leumi account....if you know what it is....and why it makes what you are saying untrue.

???

25/75

[blackmonsters]

Originally posted by herbal logic
Hi,

Not trying to bring bad news news to the board but the fact is that Ibill (who processes through card services international) is in the process of trying to unload their entire adult processing portfolio.

If you called csi TODAY and asked about setting up a new high risk account they would tell you no.

Ibills top 50 accounts accounts for $68mil/mo in transactions and those accounts are already progressing to the last bank, yes the last bank in the world right now that will process adult transactions.

Do not be fooled about so-called european accounts (gibraltor, etc.) Those accounts actually process in Israel and I was told today that Israel in fact is also no longer accepting such transactions.

Deutshe Bank is also no longer accepting such accounts.

Most companies that offer merchant accounts are in fact re-selling a portfolio given to them by the actual bank and many are actually referring merchants to these companies re-selling. This is why merchants end up paying a high % in transaction fees.

There are very few (1 company to the very best of my knowledge) That deal directly with the only only bank left that will accept new adult accounts.

If you process over 100k a month at a bare minimum and would like more information on this topic please email me at [email protected]

I will forward your contact info to the appopriate party so you can do your own due dilligence on the matter.

All I have to say is that every time I ignored someone like you, I ended up getting fucked over big time.

ie. globill, likewhoa, paypal, ...etc...etc..etc..

So, uh...what were you saying again???

[mmaisonet]

Originally posted by tony404
If you are a USA company and process overseas or offshore, if I remember correctly you can get blacklisted .




That's not necessarily true. It's quite obvious that the adult world is changing rapidly as far as processing. But where there's a will there's a way. Just because VISA USA says so doesn't make it right. I know, I worked for IBILL.

[HMS]

I currently set-up established adult businesses with merchants accounts all the time. Humboldt Merchant Servies, who I work for directly, will take adult accounts if you meet the following...

-2 years in business
-$100K or more in monthly processing
-under 1% ChargeBack's now


If you are being dumped by CSI or iBill - call me! If you meet the above I can help.

Talk to you soon...

Steve Kimberling, AVP
Humboldt Merchant Services
877-635-3339
[email protected]

[HMS]

Also - adult rates at 4.00% and $0.30 per transaction.... call for monthly fees etc.

Steve Kimberling, AVP
Humboldt Merchant Services

[Dawgy]

slightly on topic... quiet did u get my email... bounced a couple of times...

[Mr.Fiction]

Originally posted by KRL
Tell me about it. I've been trying to setup a new processing deal through some banks. I'm starting to believe there is a solid conspiracy.

If you don't think there is more to what's going on with credit cards and adult than meets the eye, you need to think again.

[Fukeneh]

this guy sounds like an asshat. i was waiting for KK to come in and at least point out some of the flaws in his ridiculous post.

[cashman]

I don't know if the post is true, but it is possible. Merchant banks are having problem with charge backs and Visa is not turning their head the other way anymore