How much money does Paypal leave on the table with their refusal to deal with adult? - GoFuckYourself.com

Young · 09-05-2007, 02:49 PM

I'm guessing it has to be somewhere in the $xx,xxx,xxx.xx range.

Anybody have a clue ?

Conversions would go up across the board if Joe Shmoe could use the extra $15 he has laying around in his Paypal account to sign up for a couple of trials.

Why don't they do a spinoff that accepts adults? Are they owned by a bunch of fucking mormons or something?

_Richard_ · 09-05-2007, 02:50 PM

shareholders

spunkmaster · 09-05-2007, 03:00 PM

Visa was about to terminate Paypal years ago and WellsFargo took over the Paypal Processing (They were a 10% owner) and one of the deals they worked out was that Paypal would have WellsFargo move in and take over their underwriting or something like this. Adult and some others are on Wells restricted list so they also got added to Paypals restricted list

tony286 · 09-05-2007, 03:19 PM

I had read a long long time ago it was because of the huge amount of charge backs and fraud, which knowing our industry seems about right.

KrisKross · 09-05-2007, 03:20 PM

Tens of millions? Not very likely.

baddog · 09-05-2007, 03:22 PM

Probably save money.

spunkmaster · 09-05-2007, 03:48 PM

Quote:

Originally Posted by tony404

I had read a long long time ago it was because of the huge amount of charge backs and fraud, which knowing our industry seems about right.

Paypal was terminated by three banks for excessive chargebacks and was getting hit with big fines.

I heard they were withing days of losing their processing when Wells steped in and changed their underwriting.

Ayla_SquareTurtle · 09-05-2007, 04:05 PM

It's waaaay too easy for buyers to initiate chargebacks and such with PayPal. They have the most ass-backwards way of dealing with shit EVER. Adult is probably better off without them.

Flynn · 09-05-2007, 04:08 PM

adult is probably 1% of what they do.

Humpy Leftnut · 09-05-2007, 04:09 PM

I talked to my accountant, and he told me: it's private information.

baycouples · 09-05-2007, 04:09 PM

Lots of adult businesses use it. PayPal doesn't know it and probably doesn't want to.

StuartD · 09-05-2007, 04:11 PM

Quote:

Originally Posted by tony404

I had read a long long time ago it was because of the huge amount of charge backs and fraud, which knowing our industry seems about right.

Exactly. There's high risk and then there's high risk that's not worth carrying anymore.

Obviously they weighed the pros, cons and of course... risks.. and determined that it just wasn't worth it.

ADL Colin · 09-05-2007, 04:12 PM

Quote:

Originally Posted by baddog

Probably save money.

Yea, no shit

DaddyHalbucks · 09-05-2007, 04:50 PM

They lose a ton of hassles from chargebacks.

09-05-2007, 02:49 PM	#1
Young Bland for life Industry Role: Join Date: Nov 2004 Posts: 10,468	How much money does Paypal leave on the table with their refusal to deal with adult? I'm guessing it has to be somewhere in the $xx,xxx,xxx.xx range. Anybody have a clue ? Conversions would go up across the board if Joe Shmoe could use the extra $15 he has laying around in his Paypal account to sign up for a couple of trials. Why don't they do a spinoff that accepts adults? Are they owned by a bunch of fucking mormons or something? __________________ ★★★

09-05-2007, 03:00 PM	#3
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	Visa was about to terminate Paypal years ago and WellsFargo took over the Paypal Processing (They were a 10% owner) and one of the deals they worked out was that Paypal would have WellsFargo move in and take over their underwriting or something like this. Adult and some others are on Wells restricted list so they also got added to Paypals restricted list __________________

09-05-2007, 03:20 PM	#5
KrisKross Confirmed User Join Date: Jan 2006 Location: Canada Posts: 5,024	Tens of millions? Not very likely. __________________

09-05-2007, 04:05 PM	#8
Ayla_SquareTurtle Confirmed User Industry Role: Join Date: Sep 2005 Location: 5000 full paysite reviews and counting Posts: 3,550	It's waaaay too easy for buyers to initiate chargebacks and such with PayPal. They have the most ass-backwards way of dealing with shit EVER. Adult is probably better off without them. __________________ gone. long gone. aylasquareturtle .."a"t".. gmail dawt com

09-05-2007, 04:08 PM	#9
Flynn pr0's goat screwed me Industry Role: Join Date: Jan 2002 Location: Seattle Posts: 2,083	adult is probably 1% of what they do. __________________ blah blah blah

09-05-2007, 02:50 PM	#2
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	shareholders

09-05-2007, 03:19 PM	#4
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	I had read a long long time ago it was because of the huge amount of charge backs and fraud, which knowing our industry seems about right.

09-05-2007, 03:22 PM	#6
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	Probably save money.

09-05-2007, 04:09 PM	#10
Humpy Leftnut Confirmed User Join Date: Apr 2007 Posts: 1,292	I talked to my accountant, and he told me: it's private information. __________________ Humpy Leftnut - Pornsumer Reviews

09-05-2007, 04:09 PM	#11
baycouples Confirmed User Join Date: Mar 2004 Location: San Jose, CA Posts: 1,341	Lots of adult businesses use it. PayPal doesn't know it and probably doesn't want to.

09-05-2007, 04:50 PM	#14
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	They lose a ton of hassles from chargebacks. __________________ Boner Money