Visa rules apply to adult and non-adult sites
 

I have two friends that run non-adult sites and they also recieved the same notice from Ibill as the rest of us regarding the new Visa regulations.

It's pissed them off even more because they don't make as much money as adult sites do and they may have a hard time covering the fees.

What can we conclude from this? Visa's rules may not be an attack on the adult industry as so many seem to be claiming. It's simply a way of regulating online third-party billing companies and their clients transactions.

sucks to be them

This is good news, I think people need to relax and wait to see what happens. All this Fucking Doom & Gloom is bumming me out. Glad to hear something positive today.
Time for a smoke & Coffee, then I have work to do, memberships to sell.

Ditto:)

Visa is closing down the Internet November 17th at 3 p.m. Pacific Standard Time.

lol

That is assuming Ibill actually has a separate mailing list for adult and non-adult clients.

Of course, they may have nothing but high risk merchant accounts and be processing non-adult transactions through them in order to help with the chargeback ratio.

Quite true although I think that all online transactions, adult or non-adult, are now considered 'high risk'.

I hope my assumption is right.:(

Since the going argument of late has been that this is an exclusively adult site issue, this opens up a whole new can of worms. If it's non-adult enterprises as well being effected by VISA, maybe we have a better shot at something being done about it in the legal arena, or some other venue that will help.

Also, if it's non-adult people who are effected as well, maybe the media would like to know this new VISA rule.

dont forget that Visa does not owe you anything.
we are better off with them, than without them

give my regards to Chairman Mao

Ouch.

:stoned

Well said :thumbsup

I'm assuming that's only non-adult sites who process through iBill....we have our own merchant account for our non-adult stuff and have received no such notices from Visa...

interesting.

:glugglug

That's right SykkBoy2. It only pertains to non-adult sites who process through the affected third-party billers Ibill, CCbill, and so on. Although this is still all speculation.

I spoke to a representative at CCBILL. He told me they'll have a complete statement out tommorrow on who is affected and what those affected have to do in order to continue processing the credit cards

K, now I''ve got another question. Do folks with their own merchant account, who do sell adult stuff, have to pay the VISA fee?


"I'm assuming that's only non-adult sites who process through iBill....we have our own merchant account for our non-adult stuff and have received no such notices from Visa... "

They're going to make sure we all get a thorough dicking in the ass. Adult, non-adult, merchant, third biller.

Ibill - "We do it dry and balls deep"

I have said this at least 5 times on these Visa post... IT IS "ALL" THE ONE's VISA CONSIDERS HIGH RISK. And yes it will not just be the Porn... One example is THE TRAVEL Ind. and there are a shit-pot of other's. A whole fucking bunch... And you better believe one hell of a lot of little people... The switch boards and email's of congress men/women will be lighting up...:1orglaugh and my :2 cents: is Visa has shitted in there mess kit...

How long has third party billing existed anyhow? Pre-internet at all?

I have a feeling that visa is trying to get rid of third party processors altogether.

I have NO ideal how long third party billing has been around... I do know Visa is a public company with stock holders.... Now porn may be 1 to 2% of their business.... but what percent of HIGH RISK is their business combined.... 5 to 10% or more... what if you loose 6% of your business over night... which could happen... There are one hell of a lot of little guys using Visa that Visa considers HIGH RISK and they ain't in the Porn Biz. I still think Visa "USA" is opening a huge can of worms.

You see these third party people saying Visa don't give a shit about the Porn Biz. So I guess they don't give a shit about the other HIGH RISK business's also. All this shit just does NOT comput with me... Any business is HIGH RISK some more than other's... granted...

VISA makes money on charge back's BIG money..

I really think there is a lot more to this than what the 3rd party people know and are being told by Visa "USA" a lot more.. I also think this has IRS written all fucking over it...

Visa may make money on chargebacks, but they also make money when people use the damn card. If enough of VISA's customers complain about being ripped off, VISA is going to do something about it instead of sitting back thinking, "We like it when you get ripped off. We make money on your chargebacks."

VISA wants happy customers using the card anywhere and everywhere, not people getting screwed so they can make a few bucks on the chargeback.

I agree with you 100%... it's just the 3rd party guys bring this up... charge backs....

I'm not sure...we're selling hard goods...non-porn products

you may want to ask someone like Todd (sextoyking)

I process a number of adult items through the Authorize.Net gateway and there isn't a word about any of this on their site. My merchant accounts are with Novus and nothing from them either.

So, my take on it is that the fees/regulations only apply to third-party processing solutions that are affected by VISA USA. Everything else is business as usual...

It has to be only 3rd party, We process Hard products with Concord/EFH and we haven't heard anything. We can't process subscription base with them, but I will cry into their phone lines tomorrow, and tell them all about God Visa blah blah..

Maybe they go high risk? (subscription) That would be soo cool, we have been with them since 1993 and never any chargebacks...

I did read on GFY at another threat that on fraud.org porn is really not that high up on charge back, the online purchase and travel stuff chargeback rate is huge

This will be an interesting week!

I am just curious whats gonna happen to some of my sponsors I am pushing. On another board a webmaster was bitching about incorporating in the UsA or they will loose their account. I thought that name looked familiar and bingo I just send out a gallery with them on it. Fuck! if they can't get their shit together in 10 days my money and rebills with them are fucked and I just send the gallery out last night.
and you all know it takes a while for tgp owners to approve those. Damn.. I can see it,, fucking gallery gets approved and my sponsor is sitting there without a biller.

AH,, still listening to Eminem "Business as usual"

Gads, I know that has to hurt, steffie! And just thinking of the 100's of pay sites and 1,000's of galleries out there that are going to be affected by this simply boggles the mind.

What's strange is that PayPal seems to be out of the loop on this. It seems that they aren't considered a third-party billing service somehow???

Just to save the search:

2000 Top 10 Frauds
Online Auctions 78%
General Merchandise Sales 10%
Internet Access Services 3%
Work-At-Home 3%
Advance Fee Loans 2%
Computer Equipment/Soft. 1%
Nigerian Money Offers 1%
Information Adult Services 1%
Credit Card Issuing .5%
Travel/Vacations .5%


Jan.-Oct. 2001 Top 10 Frauds
Online Auctions 63%
General Merchandise Sales 11%
Nigerian Money Offers 9%
Internet Access Services 3%
Information Adult Services 3%
Computer Equipment/Soft. 2%
Work-At-Home 2%
Advance Fee Loans 1%
Credit Card Issuing .6%
Business Opportunities/franchises .4%


Top Scams / Average Loss Per Person

Online Auctions $478
General Merchandise Sales $845
Nigerian Money Offers $6,542
Internet Access Services $568
Information Adult Services $234
Computer Equipment/Soft. $1,102
Work-At-Home $120