So we're down to two processors now....FUCK
 

With Paycom's purchase of Jettis and Ibill's imminent demise that leaves paysites with only 2 IPSP's to handle their credit card transactions.

What effect do you think this will have on our business as a whole, and how long before we feel the impact?

your popup in your paysite is 404 for me
http://www.sinxxxchange.com/ezine/index.html

not sure if its my connection


As far adult billing, I believe things will stay like this for at least a year.

There's atleast one more 3rd party processor in the works right now from what I've heard via my contacts. Domestic, and backed by a pretty well known bank.

Rates will increase due to less competition.

one day closer to less part timers and a more mature business, ran by professional people.

as long as everything goes ok that is fine.

nice plug for him

That's a very naive statement.
Newbies who work part time can still process with CCbill and Epoch....that's not the issue.

I agree with the earlier statement that processing rates will go up due to webmasters not having any other options.

Anyone who thinks this is good for our business or anyone in it must be smoking some really strong shit.


Soul Rebel....I don't have a paysite...yet :) (Still building my first one)
You must be referring to a tour I host on one of my domains.....but the link you posted works for me.

Lenny2:

Just naive?? I'd call it totally fucking ignorant and stupid. :glugglug

You think a company like Ibill is rock solid and an industry leader and now it looks like it may be near the end.

Who's next?

verotel and netbilling

ya....right lol

There are off-shore solutions

eCommerceGlobal.com - click this link and save 1% on processing rate

I don't think netbilling is an IPSP....they're a gateway provider for people with their own merchant accounts.

I forgot about verotel.....aren't they one of those processors that all the small fries ran to in order to avoid paying the $750 Visa fee awhile back?

Offshore????

Yeah, violating Visa's cross border settlement rules is a really good long term business strategy.

Both CCBill and Epoch seem to be up to the task and are planning ahead - They've seen too many credit card processing companies go down in the past two years.

And I'm hearing rumors of a well established company opening up shop in the credit card processing area.

not everyone is based in of the US or using US processors . . . what do you think Verotel is?

I am not suggesting someone use CCBill with ECG

Paycom is Epoch...

There are many others, get a clue...

Says everything...

If you think Lenny is some kind of newbie than you are the one that needs to get a clue.

Lenny is very good at what he does. Do you know what you're talking about?

Things will be fine but alot easier if Kerry get selected he will put more money in peoples pockets and they will spend some of it on porn... I wonder who the new player is though, any idea when they will launch?...

I guess you mean the pockets of the people on welfare, because higher taxes isn't going to put more money in anyone elses pockets

:thumbsup

You will see another 3rd party biller coming into the game probably during the 2nd or 3rd quarter 2005, backed by a very well known bank, but operating under a seperate shell for adult (so the operation doesn't take a 'wholesome' brand identity and have it associated with porn.)

Sounds like a "learned" thing about offshore :-)

Offshore has nothing to do with violating VISA's cross border rules. Offshore does not mean non-compliance with any VISA "laws".

Offshore can, in many cases, be a very good situation for third party processing - it gets the operation out of what is an "unfriendly environment".

I'd think there will be others considering an offshore scenario - I know of one at the moment. At a guess, there is also going to be some more hope within Europe to do some processing.

Not sure about Verotel but I know Netbilling is picking up a ton of new clients lately. We do not need any more IPSPs. What is the point?

Z

I wish a company like paycom or ccbill would set something like that up. Paycom has proven they can do it...look at the way Epassporte has become standard merely a year since Paypal stopped processing adult sites. It's an excellent service.

Much like our political system..

Very true.

We supply porn at the cheapest level, the more money in Joe Ordinary's pockets the more he will spend in the economy. Thus giving more to us.

The big problem with this industry is our reliance on third party processors and our "image" with bankers. When they see us for what most of uas are then maybe they will have less problems dealing with us.

At the moment they see us as not worth the effort, even if more Internet Processors open up who's to say they will deal with porn?

Very true about Epassporte, I've been vert critical of them in the past and they were lucky to process $500 a month and most of it small time.. Now they are runiing at $1,000 a week and a lot of big orders.

This industry needs to stop trying to support Paypal and switch over to the others who do want us. There is also MoneyBookers who are growning well

Ok perhaps I should have specified processors that US based companies can use.

While there are lots of webmasters outside of the U.S., the vast majority of the "big players" that the small webmasters depend on for payments are US based companies and have to play by Visa US rules.

Moving offshore is a much bigger undertaking than just switching links on a join page and filing articles of incorporation in the Caymans.

It has just as many disadvantages as advantages.

:2 cents:

For webmasters in the UK who don't know... There is Global Charge - www.globalcharge.com

They take our UK debit cards as well.. Plus they offer SMS, dialler and chat line services. I use them on my three pay sites as secondary to CCBill and of course for those in the UK who don't have a cc, only Switch or Solo cards :)

They pay straight in to your bank acct 35 days after the end of a month and I haven't had one problem with them in 2 years.

As with Verotel where you need to have Dutch incorporation, Global will accept webmasters who have a UK presence ...

any solutions for canadian based companies?

Ask Baddog :thumbsup

US based companies can use off-shore processors :2 cents:

Yes - eCommerceGlobal.com - click this link and save 1% on processing rate

Feel free to contact me direct if you have any questions . . . ICQ 16075497

I for one am very happy using Paycom as my primary processor:thumbsup. They have been great to me from day 1 . However I also have CCBill as a backup but I prefer using Paycom over CCBill any day.

For what it's worth both Paycom and CCBill has excellent management and great support staff with a solid foundation. And I hope these guys will be around for a very long time.

I've got burnt twice with processors and now that I am using these guys I feel very secure. :2 cents:

Use http://www.nexusxi.com/

These guys are just great. Damn fast payouts and a great admin control panel.

I used them until I got Paycom processing up and running.