Quote:
Originally posted by herbal logic
Hi,
Not trying to bring bad news news to the board but the fact is that Ibill (who processes through card services international) is in the process of trying to unload their entire adult processing portfolio.
If you called csi TODAY and asked about setting up a new high risk account they would tell you no.
Ibills top 50 accounts accounts for $68mil/mo in transactions and those accounts are already progressing to the last bank, yes the last bank in the world right now that will process adult transactions.
Do not be fooled about so-called european accounts (gibraltor, etc.) Those accounts actually process in Israel and I was told today that Israel in fact is also no longer accepting such transactions.
Deutshe Bank is also no longer accepting such accounts.
Most companies that offer merchant accounts are in fact re-selling a portfolio given to them by the actual bank and many are actually referring merchants to these companies re-selling. This is why merchants end up paying a high % in transaction fees.
There are very few (1 company to the very best of my knowledge) That deal directly with the only only bank left that will accept new adult accounts.
If you process over 100k a month at a bare minimum and would like more information on this topic please email me at [email protected]
I will forward your contact info to the appopriate party so you can do your own due dilligence on the matter.
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Although that is close to being correct, it is not completely accurate. I actually know of a BIN that is accepting adult that is NOT through Isreal. In fact I know of several that are still writing adult business of over 50k USD per month. If you would like to you can contact me regarding this.
You may also want to look at Duocash as an addiltional way to process transactions along with your credit card processor.
We enable pre-paid phone cards to be used, which means that we have nothing to do with VISA/MC and we are NOT subject to the credit card association regulations.
We are not looking to be a replacement for credit cards, but rather an anonymous, additional method to get customers who might otherwise not want, or be able, to give CC# to adult sites.
Our system also works very well for micropayments as there is no per transaction fee of 15 to 50 cents like CC transactions.
Perhaps you may want to take a look at Duocash
http://www.duocash.com/merchants.jsp
We are not in the business of selling phone cards. The problem with earlier business models has been distribution of proprietary cards. The retailers won?t stock the cards if the customers aren?t asking for them. The consumers aren?t aware of the cards if they aren?t on retailers shelves. It?s a chicken and egg type of issue.
In our case, we have done something different. We are taking a product that is ALREADY on the shelves, in distribution online, and in call centers. We are enabling the existing phone cards that are already on the market and being distributed, to be used by consumers to purchase digital content on the internet. This also avoids the issue of a single-use card that won?t be carried by retailers and distributors because of perception problems associated with a card that is specific to adult, gaming, etc?
We are putting together some VERY large deals that will be implemented in the next 60 days or so that will put us all over the US and Canada, and we are in discussions to expand to Australia and the EU.
You can contact me on my mobile or my email at any time for any questions you might have
