German Paper Says Manwin May Lose Their Bank
 

wow..........

good stuff

Bwaaahahahahahahahaha!

Karma is a real bitch. :)

I wonder if anyone has tattooed tits on fabians back yet?


.

losing a bank account doesn't have any significance, it's at worst an inconvenience...

it's nothing more than: "Hey, we don't want to work with you anymore, we are closing your accounts on 01/20/2013, you have 30 days to make other banking arrangements"... it's not like any funds are lost or frozen in the process...

...and the article only states that they "may" lose it... :1orglaugh

that would suck :2 cents::2 cents:

HAHAHAHA this is awesome

I don't really care if its manwin or apple they turn down. It's awesome they take tax dollars AND turn down business :1orglaugh:1orglaugh

That's comedy to me :pimp

Business as usual, happens all the time, haters gonna hate

:1orglaugh:1orglaugh:1orglaugh:1orglaugh
<-----------------------would pay to see that!

I am a surfer, website for that chick?

There is no such magical thing as karma.

welcome to 5 days ago....thats when that broke on mikesouth.com

Jay is always slow with breaking news. He will never learn either. He is so arrogant that he thinks he is always the first to talk about it. Even if he know he isn't he will still start a thread. He thinks he is special.

Guess it's according to what kind of banking you do.

For me to change banks is a MAJOR thing. I have a lot of money coming in from a lot of different places.

And if it's their Merchant Account...then this is more than just an "inconvenience".

From the article "is one of the leading acquiring banks for online transactions."

Sounds like Merchant Account to me. Not good for Manwin.

Well, that's just dandy.

Because Aliens!

No big deal, there will be dozens of banks rolling out the red carpet for his "millions"

I disagree. While cash may not be lost, reputation, credit worthiness etc, might be affected. Can you imagine going to a bank to open some accounts after another bank decided to stop doing business with you? bad scene...

Yep.

I totally agree.

lmao, best reply I've read all year :1orglaugh :thumbsup

I would say "yes" to that if this were pre-911. But banks worldwide have tightened their reigns (if you have a business account at a bank you know what I'm talking about).

I'm sure they will find a bank, but it's not gonna be "rolling out the red carpet" for them.
UBS Bank in Sweden just got fined 1.5 BILLION dollars today.

HSBC bank just paid a $1.9 BILLION dollar settlement 6 days ago for money laundering.

No, it's gonna be a real pain in the ass for Manwin. And this is only the beginning.

you think manwin only uses 1 bank for their sites?

Nope. But I do think that this will have repercussions on them.

As I said above...several banks are getting in trouble already around the world for various money laundering, etc. All of them are nervous because the govt. is all over their ass.

I would assume that if I were one of the banks that Manwin does business with, I would have some concerns about continuing to do business with them. And at the very least would charge them a LOT of money to continue doing business.

ruh roh!

http://www.brazzers.com/home/?nats=N...U0OjI0,0,0,0,0

scroll to the bottom of Brazzers, there are 4 company addresses there, so they have at least 4 different merchant banks for Brazzers.com, under 4 different companies (4 different jurisdictions). they also list 4 different IPSP's so they have 8 different billing options.

loosing 1 does not change anything for them, but would heighten risk, they would say they use 4 different merchant banks in order to optimize throughput and minimize international interchange fees, but realistically, they are curbing their chargeback risk, so they now only have 3 places to spread their risk among.

if a couple more banks chose to not do business with them things would get dicier, as they do large volume, and it would be pretty risky to have all their transactions in 1 account, legally it presents similar liability, but it is right there for the card associations to see when it is all on one account. if that happened I would think they would start pushing volume to the ipsp's to minimize risk.

that's when it would start to affect them, going from paying 4% to 10% fees, and being bound by the rules that are imposed by IPSP's. On top of that, they would go from getting daily settlements at the bank, at the end of each day, to getting daily settlements from an IPSP at least 7 days held back (loos a weeks cash flow, which for them is likely millions).

yes, I am sure other banks would be willing to work with them, but it is not an overnight open an account thing, it takes a lot of work to get a merch account quickly, and sites the size of brazzers take a while just to pass G2 scans for compliance.

If a bank said they were closing fabians accounts for chargebacks, I would say it is no worry for him, when a bank refuses to work with someone because of potential reputational damages, there is a good chance others will follow suit, and it is potentially catastrophic for them.

any major company in this business has 10, 20, 100 mids

if this is all just loosing a mid then i would think they would have plenty more where those come from

I have clients miniscule in comparison to manwin with 10 corps and 1 mid per corp just sitting on the shelf in case they lose one

Yeah, they probably only have one. This will kill them.

</sarcasm>

It's like they never knew what their big client is doing LOL

oh yes , i forgot to tell you , nothing is happen or will be , its just for more publicity and few new EU investments for Manwin.

Starting to look like a witch hunt by the German government to make an example of a pornographer and less like he actually did anything wrong.

Don't worry, they won't. Manwin is "too big to fail." They're like the GE of the porn industry. The govenment's got our back, rofl.

nice thinking , very possible :mad:

Theft will always be a short term business model.

No such thing as "too big to fail". It's more like "the bigger they are, the harder they fall".

that is right mr.graves :thumbsup

exactly. if all this is is a loss of mids its a non starter and wont even be a blip on their radar

I am sure like most larger porn companies they have a dedicated MID or several for each web property and likely each company they acquired has dozens of MIDs.

Unless its Visa or Mastercard that wants to break ties with them I would say that losing one German bank is not going to be any concern at all.

i said it before (at the time it actually happened): pure hypocrisy by that bank which is still billing for other big porn companies. it might have something to do with the fact that they are currently under government control cause they are a shitty bank.

it's just PR - it has nothing to do with anything other than this specific german Manwin VAT problem - which is not even proven to be illegal yet - since Manwin was operating those sites already before they had their german office.