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From proBilling's latest email:

Quote:

Due to the increased scrutiny by the credit card associations we feel that we can no longer offer reliable credit card processing as part of our portfolio of services. We have decided to withdraw from Visa and MasterCard high risk processing according to the following schedule:

MasterCard: Immediately

Visa: Midnight EST Tuesday Jan 20, 2004

Eek. The sky is falling! The sky is falling (No, not really, but it's a good bit of info to post).

So no more adult processing from probilling anymore?

just wonderful :(

The whole message just so nobody thinks I'm just focusing on the negative. ProBilling rock, thor is a great person to deal with.

Quote:

Friday, January 16, 2004 6:35 PM

Dear Probilling Merchant,

As you well know, these have been challenging times for all online credit card processing companies. We have decided to concentrate on our rapidly growing market of alternative payment processing solutions. ACH processing is the future of online commerce and is the most viable solution for eBusiness transactions. As part of our new focus, we are offering our existing account holders a preferred rate on our ACH processing.

Effective Midnight EST Tuesday Jan 20, 2004:

SmartCheck at 7%

DirectCheck at 10.5%, with No NSF's, No reserves, No chargebacks and instant proBilling account funding

Due to the increased scrutiny by the credit card associations we feel that we can no longer offer reliable credit card processing as part of our portfolio of services. We have decided to withdraw from Visa and MasterCard high risk processing according to the following schedule:

MasterCard: Immediately

Visa: Midnight EST Tuesday Jan 20, 2004

All accounts at our acquiring banks remain open and in good standing. All proBilling account holder's FUNDS ARE COMPLETELY SECURE; weekly holdbacks and regular payouts will be dispersed as usual. Your account will remain open and accessible at www.proBilling.com. All password management functions, consumer and merchant services will be operating as normal.

This is NOT the closure of another online processor. This is a business decision made to focus on the future of online processing and we look forward to a long and prosperous business partnership with our valued merchants.

For additional information please check our proBilling Community Forum, or contact [email protected]

Regards,
proBilling Merchant Services
www.proBilling.com

another one bites the dust :(

Click here to see paris hilton fucking a goat with a strapon.

Sometimes it sucks to be the bearer of bad news, but damn thats good lookin out.:2 cents:

only the strong will live to see another day.

:helpme

I declare this thread the winner.... so far there's been 2 more... how many more probilling threads will there be today? :glugglug

Have you seen the banner on GFY for phone card billing?
I think this will one day play a big role and change the industry.

I actually had an idea like this but never had the means to get it off the ground in addtion to my family telling that is was a stupid idea and they wouldn't go in with me.

But I'm seeing now that this was a brilliant idea.

This means bad news for rebilling but maybe this is even better news for smaller pay sites. These new billing methods allow you to sell a membership for under 5 bucks and still make money where as selling under $5 with credit card now is a waste of time(referreing to 3rd party processing).

I can see better oppotunity for us if phone billing or "internet cash" is used. First, there will be no more chargbacks, no more wifey seeing the credit card bill and what sites were joined, and no more slick rebilling that's is a rip off and scares way sign ups.

A pay site could make good money with just a couple of exclusive shoots. Example; you shoot some hottie in a hour of video; stripping, masterbation, then hardcore. Use pics to promote and sell membership to download the video for $4.95 and no chance of rebill. Kind of like buying a porn video in the store. But now imagine that instead of a video box with 2 sides of promo to sell the video you have a 5 page tour with 20 full sized samples to sell that video. I don't see why surfers will not go for that.

The current "low trial offer" model will fade away because sponsors don't really make money on the trial, they have to wait for the rebill which means having 1000's of $'s of content to try and retain the member. Why bother when you can spend $1000 on a shoot and bill $2.95 and actually make money?
Instead of spening $10,000 on content to get a $2.95 trial that makes nothing you can build 10 unique sites and charge $2.95 and get the sufer to join several sites. Surfers don't like doing this much now because they don't want to give up the credit card and risk getting ripped. If they get ripped on the phone card it's only $2.95 so who gives a shit?

Micro sites and micro charges might actually mean more money for us in the long run.

i wonder what will happen to ALL the rebills

They aren't going out of business. They will still process checks.

Quote:

Originally posted by blackmonsters
Have you seen the banner on GFY for phone card billing?
I think this will one day play a big role and change the industry.

I actually had an idea like this but never had the means to get it off the ground in addtion to my family telling that is was a stupid idea and they wouldn't go in with me.

But I'm seeing now that this was a brilliant idea.

This means bad news for rebilling but maybe this is even better news for smaller pay sites. These new billing methods allow you to sell a membership for under 5 bucks and still make money where as selling under $5 with credit card now is a waste of time(referreing to 3rd party processing).

I can see better oppotunity for us if phone billing or "internet cash" is used. First, there will be no more chargbacks, no more wifey seeing the credit card bill and what sites were joined, and no more slick rebilling that's is a rip off and scares way sign ups.

A pay site could make good money with just a couple of exclusive shoots. Example; you shoot some hottie in a hour of video; stripping, masterbation, then hardcore. Use pics to promote and sell membership to download the video for $4.95 and no chance of rebill. Kind of like buying a porn video in the store. But now imagine that instead of a video box with 2 sides of promo to sell the video you have a 5 page tour with 20 full sized samples to sell that video. I don't see why surfers will not go for that.

The current "low trial offer" model will fade away because sponsors don't really make money on the trial, they have to wait for the rebill which means having 1000's of $'s of content to try and retain the member. Why bother when you can spend $1000 on a shoot and bill $2.95 and actually make money?
Instead of spening $10,000 on content to get a $2.95 trial that makes nothing you can build 10 unique sites and charge $2.95 and get the sufer to join several sites. Surfers don't like doing this much now because they don't want to give up the credit card and risk getting ripped. If they get ripped on the phone card it's only $2.95 so who gives a shit?

Micro sites and micro charges might actually mean more money for us in the long run.

I agree with you and have asked questions here about that very model in the past. Even bought some domains for it.

Another one bites the dust
Another one bites the dust

And another one gone, and another one gone
Another one bites the dust

Hey, they're gonna get you too, Verotel
Another one bites the dust

I assume they didn't charge the VISA fees?