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webmasterchecks

10-06-2008 11:34 AM

spanish bank leaving adult

La C*aix-a, the adult spanish bank is now done with adult. They terminated some clients and are giving the rest time to transition to other banks, but they are officially out of adult.

pretty big news, this may have been what ron was talking about here

rich

Quote:

Originally Posted by RonC (Post 14859296)

My Prediction

This week is going to be a very interesting for a lot of companies that did not play by the rules and tested the Card Association with crazy stuff.

I will be offline all day finalizing our Alpha Red Purchase so I am sure some others can explain what happening to some.

I will say CCbill will not be affected at all

Ron C
CEO
_______________
CCbill.com
Cavecreek.com

WiredGuy

10-06-2008 11:49 AM

So I guess the big question becomes, which IPSP's processed with this bank?
WG

Karupted Charles

10-06-2008 11:50 AM

Quote:

Originally Posted by webmasterchecks (Post 14860453)

I have a feeling this is not the only thing he was talking about.

count of monte cristo

10-06-2008 11:56 AM

Quote:

Originally Posted by WiredGuy (Post 14860506)

So I guess the big question becomes, which IPSP's processed with this bank?
WG

id say some merchant accounts, 365billing maybe?

jcsike

10-06-2008 12:31 PM

i dont think epoch uses them

TampaToker

10-06-2008 12:55 PM

Quote:

Originally Posted by Karupted Charles (Post 14860511)

I have a feeling this is not the only thing he was talking about.

I don't think so either ..... I have a feeling there is going to be a lot of grown men crying and a shit load of pissed off affiliates :2 cents:

tranza

10-06-2008 01:03 PM

I don't get why banks would step away from adult on times like this.

They don't need our money, is that it??

After Shock Media

10-06-2008 01:09 PM

Quote:

Originally Posted by tranza (Post 14860892)

I don't get why banks would step away from adult on times like this.

They don't need our money, is that it??

You are aware that fines from Visa and customer service hours spent dealing with pissed off customers can make what was a profitable sale something that costs them money.

notime

10-06-2008 01:46 PM

Does this have anything to do with:
fucking-around-and-business-discussion/855142-laws-adult-spain.html ?
Laws changed in Spain recently about adult

Deputy Chief Command

10-06-2008 01:51 PM

can you give some links to some news reports on this ?

I use Lacaixa as my main bank account . .but not for processing just to get paid from my sponsors . .should I worry ?

webmasterchecks

10-06-2008 02:08 PM

Quote:

Originally Posted by tranza (Post 14860892)

I don't get why banks would step away from adult on times like this.

They don't need our money, is that it??

pressure from Mastercard. they would rather let go of what amounts of 1-3% of their business than risk not being able to process mastercard or visa at all for their non-adult and brick and mortar business.

V_RocKs

10-06-2008 10:36 PM

I smoke crack rocks

LB-69

10-06-2008 11:06 PM

Is it a bank that CommerceGate and Sage Charge used to process?

webmasterchecks

10-07-2008 08:37 AM

Quote:

Originally Posted by LB-69 (Post 14862917)

Is it a bank that CommerceGate and Sage Charge used to process?

never heard of sage charge, but im sure that commercegate still has solid banking

mona	10-07-2008 09:45 AM

The word is that overly aggressive cross sales have forced them to pull some clients.

Furthemore, it was discovered that there were CCV2 codes being traded, which is undisputedly illegal.

Also, it looks as though the Visa card organization is coming down hard on a few other banks as well.

Mr. Cool Ice

10-07-2008 10:10 AM

Quote:

Originally Posted by mona_klixxx (Post 14864412)

The word is that overly aggressive cross sales have forced them to pull some clients.

On this you are clueless.

Quote:

Originally Posted by mona_klixxx (Post 14864412)

Furthemore, it was discovered that there were CCV2 codes being traded, which is undisputedly illegal.

That could be true. Nasty stuff if it is.

Kudles

10-07-2008 10:16 AM

Wow that sucks

mmaisonet

10-07-2008 10:38 AM

Quote:

Originally Posted by Deputy Chief Command (Post 14861178)

can you give some links to some news reports on this ?

I use Lacaixa as my main bank account . .but not for processing just to get paid from my sponsors . .should I worry ?

Deposits are safe. merchant division is a totally seperate division alltogether. Keep in mind guys this is not the only bank in Spain processing adult. There is also Caixa Catalunya as well as La Caixa

whatif_3

10-07-2008 10:50 AM

Quote:

Originally Posted by Mr. Cool Ice (Post 14864524)

On this you are clueless.

clue us in then

nikki99

10-07-2008 10:56 AM

holy shit the end is coming

directfiesta

10-07-2008 11:01 AM

987654321

Shap	10-07-2008 02:06 PM

Should be interesting to see what Ron was referring to. I think there was another thread a week ago hinting at the same thing.

GrouchyAdmin

10-07-2008 02:19 PM

What's that, Chicken Little?

misssammy

10-07-2008 02:46 PM

CommerceGate has solid banking relations and are following the laws of cross boarder violation, coding, chargeback thresholds and everything else that comes in to play protecting our client business and making that extra needed profit at the same time

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