cardservice no more adult

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  • codymc12
    Confirmed User
    • May 2003
    • 719
    #1

    cardservice no more adult

    Well - after having a merchant account for some 6 years with card services, they let us know on Monday that as of 27 June, they will no longer be processing for adult.

    I spoke to netbilling, and they said they have been looking for a high risk merchant account solution, but that currently - there ain't none.

    We're currently proceeding on the basis that come the 27th, we are not going to have a merchant account alternative, but - if anyone knows of a solution for processing (small amount - under 10k), please feel free to email me - codymc AT pacbell.net

    In the meantime, we've switched all processing to CCBILL for new signups.

    This is a bad fucking sign, speaking generally.
    Tags: None
    • icedemon
      Confirmed User
      • Jun 2003
      • 1022
      #2
      Someone had mentioned to me
      http://www.merchantservicesusa.info
      You might want to check them out.
      Clips4Sale.com

        Comment

        • hershie
          Confirmed User
          • Jun 2002
          • 4642
          #3
          Originally posted by codymc12


          This is a bad fucking sign, speaking generally.
          No shit. That is huge and painfull news for many

            Comment

            • MattO
              The O is for Oohhh
              • Feb 2003
              • 10861
              #4
              We're working on setting up for smaller volume accounts right now. I'll have info real soon.

                Comment

                • emmanuelle
                  Confirmed User
                  • Mar 2003
                  • 3662
                  #5
                  Is that subscriptions only, or tangibles too?

                    Comment

                    • Drake
                      Hello world!
                      • Mar 2003
                      • 12508
                      #6
                      Anybody know if this is across the board meaning ALL adult clients or just smaller adult proessing clients?

                      That's huge news if it's really no more adult period.
                      Last edited by Drake; 05-18-2004, 06:56 PM.

                        Comment

                        • mmaisonet
                          Confirmed User
                          • Jan 2003
                          • 252
                          #7
                          Initially, First Data Merchant Services made headlines when they announced that they would no longer accept any adult transactions through their network. Since Card Service is owned by First Data, it is no suprise to me that this has happened.

                          Let me know if there's anything i can do.
                          The World Is Yours!!
                          INNOVATIVE PAYMENT SOLUTIONS
                          You Need Processing? We Can Help!!
                          Offshore Processing, 3rd Party Processing, Direct Mids
                          http://www.inpaysolutions.com
                          [email protected]
                          Icq 27701318 -(LatinSoulMan )

                            Comment

                            • torrey
                              Confirmed User
                              • Jan 2004
                              • 1656
                              #8
                              hmmm. We were not contacted by cardservice. Our account is still rolling as usual.

                                Comment

                                • Probono
                                  Confirmed User
                                  • Oct 2002
                                  • 2731
                                  #9
                                  Originally posted by torrey
                                  hmmm. We were not contacted by cardservice. Our account is still rolling as usual.
                                  WE received notice informally a week ago, formally today. They are also extracting a huge reserve.

                                  Very bad news for any high risk merchant.

                                    Comment

                                    • chupacabra
                                      Confirmed User
                                      • Sep 2002
                                      • 3626
                                      #10
                                      not good. i see my beater 350Z disappearing within the course of this thread, not good..
                                      ...promise her a defamation, tell her where the rain will fall..

                                        Comment

                                        • codymc12
                                          Confirmed User
                                          • May 2003
                                          • 719
                                          #11
                                          Re: reserve - yep. They're taking 25% of every batch between now and the 27th, to create a reserve. The idea being - this reserve is what will deal with future chargebacks, etc, over the next 6-10 months.

                                          I don't know the answer re: memberships/tangibles.

                                            Comment

                                            • ace0r
                                              Confirmed User
                                              • Feb 2001
                                              • 1410
                                              #12
                                              e-mail me with the volume you're doing and I'll shoot some numbers out in the morning. [email protected]

                                                Comment

                                                • C&S
                                                  Registered User
                                                  • Jan 2004
                                                  • 35
                                                  #13
                                                  Email me with the type of adult market you are in. Memebership base, tangible goods, intangible goods, and I'll come up with some options for you.
                                                  C&S
                                                  [email protected]

                                                    Comment

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