How much money does Paypal leave on the table with their refusal to deal with adult?
 

I'm guessing it has to be somewhere in the $xx,xxx,xxx.xx range.

Anybody have a clue ?

Conversions would go up across the board if Joe Shmoe could use the extra $15 he has laying around in his Paypal account to sign up for a couple of trials.

Why don't they do a spinoff that accepts adults? Are they owned by a bunch of fucking mormons or something?

shareholders

Visa was about to terminate Paypal years ago and WellsFargo took over the Paypal Processing (They were a 10% owner) and one of the deals they worked out was that Paypal would have WellsFargo move in and take over their underwriting or something like this. Adult and some others are on Wells restricted list so they also got added to Paypals restricted list

I had read a long long time ago it was because of the huge amount of charge backs and fraud, which knowing our industry seems about right.

Tens of millions? Not very likely.

Probably save money.

Paypal was terminated by three banks for excessive chargebacks and was getting hit with big fines.

I heard they were withing days of losing their processing when Wells steped in and changed their underwriting.

It's waaaay too easy for buyers to initiate chargebacks and such with PayPal. They have the most ass-backwards way of dealing with shit EVER. Adult is probably better off without them.

adult is probably 1% of what they do.

I talked to my accountant, and he told me: it's private information.

Lots of adult businesses use it. PayPal doesn't know it and probably doesn't want to.

Exactly. There's high risk and then there's high risk that's not worth carrying anymore.

Obviously they weighed the pros, cons and of course... risks.. and determined that it just wasn't worth it.

Yea, no shit :1orglaugh

They lose a ton of hassles from chargebacks.