GoFuckYourself.com - Adult Webmaster Forum - Interesting comment from Ron Cadwell (CCBill) about CAL bank IL

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Interesting comment from Ron Cadwell (CCBill) about CAL bank IL

comment from another board, thought it was worth posting out over here for those that are not aware

Quote:

Originally Posted by RonC (Post 1612863)

KK

This is the one statement that will DEFINE 2009 in the Adult industry

"Bad apples, good apples, there aren't many apples left in the basket as far as banks"

I just amazes me that more people don't realize how huge this is. You have the largest high risk bank in the WORLD. Saying goodbye to 500+ million per month in processing. THIS IS HUGE!!!! You also have every other high risk bank in the world on NOTICE to not accept or be very careful who they take in as a new/existing client. Make no mistake ICC did not just wake up and decide they would stop making a TON of Money in high risk processing. They WERE FORCED to stop.

The one question nobody has brought up is will merchants get their last week+ of transactions wired to them. Will the bank hold them and their reserves for years to protect against losses. Will ISO just pocket the money and never pay the merchants. Time will tell but I think we will start hearing stories shortly just like the Ibill days just a lot more and Larger.

Anybody want to guess how many post per week we will see about Whatever program no paying.

Will rest assured that CCbill checks will continue to go out ON TIME just like they have for the last 10+ years.

Ron C
___________
CEO

CCbill.com
Cavecreek.com

not a very objective viewpoint tbh. it ends with a sales pitch.

Quote:

Originally Posted by Agent 488 (Post 16613276)

not a very objective viewpoint tbh. it ends with a sales pitch.

Agreed.

:2 cents:

I don't mind the pitch, as long as the optimistic self-confidence CCBill exudes, proves true long-term. As goes CCBill, so goes this industry.

Quote:

Originally Posted by Agent 488 (Post 16613276)

not a very objective viewpoint tbh. it ends with a sales pitch.

i took that as his subtle way of saying ccbill is not affected by the CAL issue

Quote:

Originally Posted by Agent 488 (Post 16613276)

not a very objective viewpoint tbh. it ends with a sales pitch.

Agree +1

Ron is a smart and nice guy, but he to is here to make money!

I agree with Ron. This is huge.

We will probably see alot of direct ma dropping for the 'free trial' = 'get robbed' pps programs the comming weeks. This was just a matter of time.

For the records; Zombaio is not processing under ICC-CAL or any other shady bank.

Quote:

Originally Posted by Zombaio_Tomas (Post 16613411)

For the records; Zombaio is not processing under ICC-CAL or any other shady bank.

:thumbsup

Quote:

Originally Posted by Barefootsies (Post 16613415)

:thumbsup

Do you do anything other than agree with people and say, see sig nig? :winkwink:

The best reply to this rhetorical question would be, :thumbsup and SEE SIG NIG!

Good thing we are still with CCBILL