Update On The New Adult Processing Deal I Posted
 

Here's the update from my prior post on a new bank / processor for adult merchant accounts.

This initial bank they were going to setup with was not willing to handle the volumes to a level that would be needed to make it work realistically for the amount of webmasters that contacted me since some were very large players in the biz.

They've now setup a deal with a bank in South America and are doing the contracts. Everything is expected to be ready in about 2 weeks.

I'll post again when I get the final details and everything is signed.

As you know, a lot of these bankers just don't understand how much volume adult accounts can generate. So its extremely difficult to setup deals. This other bank is looking ok so far.

Keep your fingers crossed. I'll e-mail back everyone when its a done deal.

:thumbsup

thanks for the update :thumbsup

Are they saying adult doesn't have enough volume?

Thanks for the update and keep us posted :)
WG

KRL hook me up, I got great plans for the gays.com:thumbsup

I remember you making a thread about a week ago about PHP/MySQL programmers. Are you still looking?

This first bank was a smaller privately held type owned by a guy with about $300 Mils according to the guy I'm trying to set this up with. The enormous volume levels spooked them I guess.

Haven't picked one yet. Just added another server guy.

[email protected]

Okay, will send off a resume later today.

Oh ok, I was thought you meant they said that adult didn't have enough volume for them to bother. That made me wonder.

:glugglug

I thought this was going to be with a large stable reputable bank ?

it is - "Pablo Esobar's First National Bank of Coke" :winkwink:
Doubt VISA would have the balls to call them about high chargeback % :Graucho

yeah me too

worth a bump for sure :thumbsup

is this new bank columbian?

Drugs and porn go hand-in-hand :)

I have tried these hoops before unsucessfully so I do hope you have better luck than we had.

First they want to be sure you can provide volume, then when you reveal your volume they get nervous and walk away.

Exactly.

No

Citibank? B of A? Wells Fargo?

This is the response you get > :1orglaugh :1orglaugh :1orglaugh

hopefully not Argentinian :eek2

Try the government's fave.. MellonBank!

It should be interesting to see how this pans out...

You should let me know what kind of rates you get KRL and let me see if I can get something competative.

The higher the volume the better the rates.