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-   -   ATTN: Sponsors - How will our payouts reflect the "Check 21" bill? (https://gfy.com/showthread.php?t=378107)

quantum-x 10-27-2004 08:36 AM

ATTN: Sponsors - How will our payouts reflect the "Check 21" bill?
 
Taking affect **TODAY** days is this bill-
http://www.masslive.com/business/rep...2848140551.xml

which will effectively make checks debit instantly - killing the 'floating' check effect.

This is obviously going to have a profound impact for adult sites - instant or near instant verification.

Who will be the first sponsor to start paying out 100% on checks now there'll be a system to verify?

EscortBiz 10-27-2004 08:38 AM

lol those sponsors who havent bounced till now will be good for check21 too, those who always bounce will have a new thing to blame it on "check21 fucked up our account for some reason"

wyldblyss 10-27-2004 08:41 AM

Boy oh boy some people are going to get a rude awakening

The Heron 10-27-2004 08:59 AM

About time, it is crazy how slow banking is to change to electronic means to save money.
You realize how much money paper checks waste? It is retarded, luckily consumers have cut paper check use so industry will follow.

quantum-x 10-27-2004 10:17 AM

i want to see how this affects our payouts :)

bigdog 10-27-2004 10:19 AM

also don't check signups usally rebill longer?

bigdog 10-27-2004 01:52 PM

bump


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