HOLY SHIT!! You see this yet?? - GoFuckYourself.com

Unchilled · 10-03-2001, 12:33 AM

This is some big fucking News!!
http://www.ftc.gov/opa/2001/09/rjb1.htm

The scary thing is, the FTC might use this as a guideline for ALL Sponsors, not just MaxCash!

Freeway · 10-03-2001, 12:51 AM

What's so scary? I'm tired of these people fucking everybody over.

Unchilled · 10-03-2001, 01:01 AM

What's Scary?? Don't you get it? The FTC may OUTLAW recurring billing and make a confirmation Email necessary everytime the card is billed. This means we're gonna lose all the people who convert into monthly memberships because they're too lazy to cancel their 3 day trial. This is huge! Probably 35% to 45% of all conversions are due to laziness.

So, for all these lazy people who don't do anything, they're card won't be billed! This is a huge portion of our revenues!

5 years ago, before recurring billing, people began switching to recurring billing and their revenue doubled or even tripled! We could lose a ton of money here people!

[This message has been edited by Unchilled (edited 10-03-2001).]

Unchilled · 10-03-2001, 05:57 AM

Dudes!!!???

Freeway · 10-03-2001, 09:24 AM

so every one just switch to $50 month long trials and rebill every 6 monthes or a year. Like a magizine would. I don't fucking know.

Gary · 10-03-2001, 09:27 AM

We need to make site more personal. So when someone signs up, you save somebody go to his home and collect the money. Then he can return each and every month to do collections. No more chargebacks, no more fraud.

deluxe · 10-03-2001, 09:34 AM

Quote:

Originally posted by Gary:
We need to make site more personal. So when someone signs up, you save somebody go to his home and collect the money. Then he can return each and every month to do collections. No more chargebacks, no more fraud.

LOL that's a good idea... Would be a though job though when your getting 1000 signups a day

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Gary · 10-03-2001, 09:39 AM

Means your creating jobs. Maybe you can get a government grant to help with payroll.

rhizome · 10-03-2001, 09:53 AM

Quote:

Originally posted by Gary:
Means your creating jobs. Maybe you can get a government grant to help with payroll.

(Insert Ted Nugent's voice) I'm afraid that would only work with webmaster programs that offer a good number of ebony paysites.

On a serious note, the FTC a while ago ruled that CE had to do the same thing but CE found a way around it and stopped sending the confirmation e-mails. Needless to say, the cancellation ratio did drop about 35% when they stopped sending the e-mails.

Rip · 10-03-2001, 10:06 AM

They are not talking about recurring billing

they are talking about so called "free" memberships which ask for your credit card numbers, rjb doesn't have free trials anymore

the dialer issue is a separate one, and not too many places auto install dialers anymore

But you are right, it will have an impact... how do you think rjb pays you $28-35 or $60 per $2.95 trial, they need to make money to pay that much, right? Anyway I hope they make out okay

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10-03-2001, 12:33 AM	#1
Unchilled Confirmed User Join Date: Sep 2001 Location: Somewhere in the middle of the Fucking Desert. Posts: 125	HOLY SHIT!! You see this yet?? This is some big fucking News!! http://www.ftc.gov/opa/2001/09/rjb1.htm The scary thing is, the FTC might use this as a guideline for ALL Sponsors, not just MaxCash!

10-03-2001, 12:51 AM	#2
Freeway Confirmed User Join Date: Aug 2001 Location: EU Posts: 441	What's so scary? I'm tired of these people fucking everybody over.

10-03-2001, 01:01 AM	#3
Unchilled Confirmed User Join Date: Sep 2001 Location: Somewhere in the middle of the Fucking Desert. Posts: 125	What's Scary?? Don't you get it? The FTC may OUTLAW recurring billing and make a confirmation Email necessary everytime the card is billed. This means we're gonna lose all the people who convert into monthly memberships because they're too lazy to cancel their 3 day trial. This is huge! Probably 35% to 45% of all conversions are due to laziness. So, for all these lazy people who don't do anything, they're card won't be billed! This is a huge portion of our revenues! 5 years ago, before recurring billing, people began switching to recurring billing and their revenue doubled or even tripled! We could lose a ton of money here people! [This message has been edited by Unchilled (edited 10-03-2001).]

10-03-2001, 05:57 AM	#4
Unchilled Confirmed User Join Date: Sep 2001 Location: Somewhere in the middle of the Fucking Desert. Posts: 125	Dudes!!!???

10-03-2001, 09:24 AM	#5
Freeway Confirmed User Join Date: Aug 2001 Location: EU Posts: 441	so every one just switch to $50 month long trials and rebill every 6 monthes or a year. Like a magizine would. I don't fucking know.

10-03-2001, 09:27 AM	#6
Gary Confirmed User Join Date: Aug 2001 Location: Kimmykims couch Posts: 6,110	We need to make site more personal. So when someone signs up, you save somebody go to his home and collect the money. Then he can return each and every month to do collections. No more chargebacks, no more fraud.

10-03-2001, 09:39 AM	#8
Gary Confirmed User Join Date: Aug 2001 Location: Kimmykims couch Posts: 6,110	Means your creating jobs. Maybe you can get a government grant to help with payroll.

10-03-2001, 10:06 AM	#10
Rip Confirmed User Join Date: Jan 2001 Location: somewheres wet Posts: 1,456	They are not talking about recurring billing they are talking about so called "free" memberships which ask for your credit card numbers, rjb doesn't have free trials anymore the dialer issue is a separate one, and not too many places auto install dialers anymore But you are right, it will have an impact... how do you think rjb pays you $28-35 or $60 per $2.95 trial, they need to make money to pay that much, right? Anyway I hope they make out okay ------------------ $$ DIRTY GOLD $$ Revenue Program JackThumbsTGP - - - VideoKAT-ViDeOpOsT - Post Gallieries - - - - - - - Trade Traffic -