TondaB

With only a handful of cc processors to choose from, do you think we will see new cc processing companies emerge?

What happens if one or more processors fold? Do you think it will ever dwindle down to just one choice? If so, what will you do?

I would love to see one or two new cc processors form, it has been awhile. I am not naming names or trying to start rumors but there is the potential for there to be one cc processor to choose from. Will this change the industry? Or do you think that we all pretty much rely on one main processor as it is now and the effect would be minimal?

Thoughts please

__________________
Naked Hosting - Are you a Dork, Geek or a Nerd?
Need a dedicated server? Fully Managed Server & 10TB of Bandwidth for only $99 - Contact me: tondab@nakedhosting.com
ICQ: 61462417

wiseman

Me and Brad are in top secret talks right now about starting our own processing company..
we will let you know soon!!

__________________
E-mail: wiseman@quickbuck.com
ICQ: 109726012
AIM: QbWiseman

tbabe

Jewbill.com will take over the industry

__________________

ServerProvider.com
Best adult webhosting around. Highly recommend them.

makefuckingmoney

problem is the amount of millions of cash they need in the bank i believe..thats why all these companies are losing their banking.

Brad_JBM

cristalbilling.com coming soon

__________________
Rainbow Revenue, Convert You Gay Traffic, Paying Top $

Cream Bling, $40 for Free Joins on our Exclusive creampie sites

tbabe

why dont you prop them up with some of your millions MFM. you'll need to skipo vegas for a couple weeks but you can save the industry.

__________________

ServerProvider.com
Best adult webhosting around. Highly recommend them.

Brad_JBM

I am not sure it is even possible to start up a 3rd party processing company at this point.

__________________
Rainbow Revenue, Convert You Gay Traffic, Paying Top $

Cream Bling, $40 for Free Joins on our Exclusive creampie sites

Peaches

There's always checks..............

__________________
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. ~
Warren Buffett

Peaches

Back in 1996 when I started in this biz and went to my accountant, he said "A bunch of the big guys should get together and start their own processing company because that's going to be this industry's biggest problem.". They had the ability to do it back then but of course, no one could ever get along with each other for more than 15 minutes.

Combine that with the fact that even when Visa/MC/AMX was raping the industry, we took it up the ass and thanked them because the money was so good, you could lose 50% of it and still end up ahead.

We were too complacent for too long, IMHO. And people are worried the government's going to do the most damage to the industry? I disagree.

__________________
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. ~
Warren Buffett

WiredGuy

Barriers to entry seem very high to start up a new billing company in my opinion. Maybe some mainstream high risk entrepreneurs would be willing to give it a shot, but it doesn't seem worth it right now given the market conditions.

WG

__________________

Alan

Peaches, you have to understand who is putting pressure on the Industry. Before I started in the industry I was reading ABI World’s Magazine. (It is a trade magazine for bankruptcy attorneys) Purposed bankruptcy reform (where you can’t discharge credit card debt) is the carrot being offered by Republicans in the Senate and the House in exchange for the credit card companies not processing porn. Well the credit card companies can’t just shut down processing for an entire industry otherwise they would be dealing with anti-trust issues so they continue to tighten the regulations hopping to eventually squeeze the third party processors out of business altogether. Once we get done with the 1% they will want %.5 and on and on.

makefuckingmoney

im going to only have check by mail..im an industry leader damn it!

not a follower

TondaB

Do you guys think this has the potential of actually happening? If this happens what will this industry do?

I saw a bunch of smaller cc processors that are out of the US at the FL show. Is this an option for us?

__________________
Naked Hosting - Are you a Dork, Geek or a Nerd?
Need a dedicated server? Fully Managed Server & 10TB of Bandwidth for only $99 - Contact me: tondab@nakedhosting.com
ICQ: 61462417

Peaches

Most are getting their own merchant accounts.

And taking checks

__________________
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. ~
Warren Buffett

Alan

Checks may be the long term answer. It seems they are inching closer to real time processing. The government can’t tell people who they can and cannot make checks out to, and banks can’t refuse to honor the checks based upon who they are made out to.

Toolz

Laugh now but we had that option for the first two years, and got a handful of checks by mail!

__________________
Viva La Poo

tbabe

Ya, thats how i joined your pee site

__________________

ServerProvider.com
Best adult webhosting around. Highly recommend them.

Lizy

Posting from my assistants login since mine doesn't work ..

Being from Europe I am having a hard time understanding why the US website owners are so brainwashed.

I believe worldwide there are like 30k+ banks,, pretty sure that hunderds still open merchant accounts. A Merchantaccount is nothing more then a line of credit from your bank. Since your clients can chargeback it's the trust from your bank into your business to allow you to process and pay you right away and thus a risk for the bank for 6 months or longer.

Until today you can open merchant accounts and until today new companies are able to process cc's.

Many online business run on their own merchant accounts. Problem in this industry is that there been too many fronts on the same crappy content resulting in a no quality for probably a too high price. As a result your account blows up and here is where the brainwash starts: let's go 3rd party, they will solve my problems.

3rd party companies allowing the smallest webmaster with $10k content to open an affiliate program is probably the biggest mistake ever made.

Sooner or later a new 3rd party will arise for the simple reason there is money to be made. Depositing $20mil in a bank account isn't that much money in the real world ;-)

Just my 2 cnts

-F.

__________________

affiliate@nastychannels.com

*KK*

The decision that FDR and it's subsidiaries like CardServices, etc made to drop high risk has nothing to do with bankruptcy laws. This was not a Visa decision, Visa and Mastercard still accept high risk (under their very particular rules and fines system albeit) that can maintain a portfolio that is desirable for them to keep.

This was the equivalent of B of A or Citicorp making a decision, just on a larger scale.

The conspiracy theories don't really excite me, the ones where companies decide what's in the best interest of their own bottom lines do make sense to me however. High risk, by it's very nature, is a money maker for a very very tiny percentage of the banks out there, though all the banks in the system are assessed risk for any of their regional members being in the high risk market. For instance, if there is a bank in a region, say Latin America for instance, that defaults on its Visa responsibilities due to mismanagement or mistakes in their high risk departments, each of the other banks in that region is potentially liable for part of the default amount should the bank that was making the money happen to fail. This occurred a couple of years ago and it's left a bitter taste in many banker's mouths since they don't profit from high risk.

Once you also add in things like $1 cross sales or sites that do not profit the issuing or acquiring banks -- they actually lose money through Interchange on these transactions, it's not very promising.

__________________

Ty W

Check out the new kid on the block, eCommerceGlobal.com:

* Fast Setup and Low Rates
* Live Client Support and Live Support for your Customers
* Real-Time Reports on Transactions
* Settlement by Wire Transfers / Direct Deposit
* One-Time & Recurring Transactions
* Professional front and back-end Interface
* Fraud Scrubbing & Complete Transaction Reports
* Free technical support
* Affiliate Tracking Program
* Customized Join Pages
* Customized Emails
* Cascade Billing
* Password - Membership Management
* Discreet Billing Descriptor
* Offshore processing, with sales / support office in Seattle, WA.

TO LEARN MORE AND GET STARTED:
http://www.eCommerceGlobal.com/cgi-bin/click.cgi?id=5

Feel free to contact me if I can be of any further assistance,

Ty Wilson
206-424-9134
www.eCommerceGlobal.com
ty@eCommerceGlobal.com
ICQ # 209963807

MattWildCash

Does Ecommerceglobal.com require $750 visa fee? We are interested in merchant accounts.

makefuckingmoney

wouldnt it take more than 2 remaining billers to have a conspiracy theory?

i mean shit epoch must do 70% of the volume in adult now.. and ccbill seems pretty rock solid and none seem that desperate for new biz.

datatank

https://megabill.org Looks like the will process anything !! Anyone got a contact?

Netbilling

Why would you want to at this point? We are setting up merchant accounts. Don't trust you money to just anyone.

:-)

Mitch

__________________



Mitch Farber - Hands On President
NETbilling, Inc.
888-357-8166 / 661-252-2456
ICQ: 117496436
Netbilling.com

Netbilling

Don't bet on it. We do quite a bit of volume and I know some others that do as well.

Mitch

__________________



Mitch Farber - Hands On President
NETbilling, Inc.
888-357-8166 / 661-252-2456
ICQ: 117496436
Netbilling.com

evilc

Netbilling.. you must answer this for me....

At what stage would it make sense for a paysite to go for thier own merchant account??

What volume of transactions/revenue etc?

Also would the physical location of the company/webmaster have a bearing on this decision?

__________________
"All businesses are good businesses, if you know how to do Business" - evilc


Can A Paysite Pluggin NOT Be A Simple Pluggin?
Downloadable MPEG, WMV and DiVX -- UPDATED DAILY!
WWW.ITSYOURPORN.COM

makefuckingmoney

also..how many urls could i process with my own merchant account..i hear you have to do quite a large amount per url to even get them approved

Netbilling

If you are processing more than $5k per month for an adult site and are located in the USA, I feel it is worthwhile. If it is non-adult, $1k per month. Offshore adult, $50k. Keep in mind that you have to pay the registration fees to both Visa and Mastercard ($1500) for the US adult merchant account but not for an offshore or mainstream account. However, you do not have to pay it for each processor you use.

The amount of URLs or what those urls are processing has nothing to do with it.

Let me know if you have more questions.

Thank you, Mitch Farber

__________________



Mitch Farber - Hands On President
NETbilling, Inc.
888-357-8166 / 661-252-2456
ICQ: 117496436
Netbilling.com

Netbilling

This is not true. The amount per URL does not matter. It is the total processing volume that does.

Mitch

__________________



Mitch Farber - Hands On President
NETbilling, Inc.
888-357-8166 / 661-252-2456
ICQ: 117496436
Netbilling.com

evilc

wow... US 5k$ - offshore 50k$

Thats a huge difference.

Is there no possibility of getting a merchant account in the same offshore destination as the business is located. Would the revenue amount required come down in such a case?

__________________
"All businesses are good businesses, if you know how to do Business" - evilc


Can A Paysite Pluggin NOT Be A Simple Pluggin?
Downloadable MPEG, WMV and DiVX -- UPDATED DAILY!
WWW.ITSYOURPORN.COM

evilc

Netbilling, could you please explain to us the procedure in short of getting a merchant account for offshore companies.

Do we need to deposit a certain amount of money with the bank etc?

What is the approimate cost to setup an offshore adult merchant account?

__________________
"All businesses are good businesses, if you know how to do Business" - evilc


Can A Paysite Pluggin NOT Be A Simple Pluggin?
Downloadable MPEG, WMV and DiVX -- UPDATED DAILY!
WWW.ITSYOURPORN.COM

Neo

I'm a newbie here....

What I don't understand is that why are the Cc processing companies caving in & shutting down. They just take cash from a surfer & pay out the webmaster..after deducting their fees (which is quite an amount!) So where do they face a loss in all this.

Ofcourse if its Visa that makes it mandatory for them to have a huge bank balance and all... then thats bullying!!!

P.S. Who owns Visa btw...it seems to be so powerful but still i haven't ever heard of the owner of it anytime!! ;-)

Netbilling

Hi,

There is typically a 10% reserve for offshore. The setup is volume dependant but you must have an EU corp (which the merchant acocunt provider will help setup) to process through our offshore banks.

Call our sales department for more information and to get started.
661-252-2456 / 888-357-8166

Mitch

__________________



Mitch Farber - Hands On President
NETbilling, Inc.
888-357-8166 / 661-252-2456
ICQ: 117496436
Netbilling.com

TondaB

Can you use these merchant accounts with any processor or just with Netbilling?

__________________
Naked Hosting - Are you a Dork, Geek or a Nerd?
Need a dedicated server? Fully Managed Server & 10TB of Bandwidth for only $99 - Contact me: tondab@nakedhosting.com
ICQ: 61462417

Netbilling

Hi, as long as Netbilling is the primary, you can use them with other gateway as the secondary if that gateway is compatible with the bank platform.

Have you seen our system Tonda?

Mitch

__________________



Mitch Farber - Hands On President
NETbilling, Inc.
888-357-8166 / 661-252-2456
ICQ: 117496436
Netbilling.com

evilc

Could you give us an approx figure....

Like is it in the 1000's or 10,000's or what?

__________________
"All businesses are good businesses, if you know how to do Business" - evilc


Can A Paysite Pluggin NOT Be A Simple Pluggin?
Downloadable MPEG, WMV and DiVX -- UPDATED DAILY!
WWW.ITSYOURPORN.COM

taboo_gal

We attempted, when we were developing our adult face in order to actively market to this industry, to include 3rd party processing as part of our services. However, this was to be an expensive endeavor, and, even at that time, very difficult to find a merchant bank to underwrite. Besides the expense, there was a huge learning curve involved, so we opted out. Seeing what has transpired since that time, we are happy with our decision.

My personal thoughts on new 3rd party solutions: I'm sure there will be some try and few succeed. Honestly, though, if these companies who were doing processing for years have gone under, exactly how do the new guys think they fair? I don't feel this model will necessarily die unless regulations change such that the practice is prohibited, but I do think it will be used less frequently than in previous years. It is just safer (though more expensive) to have your own merchant account.

__________________

Netbilling

Hi,

For mainstream or adult product sales, the only setup is a $45 app fee. For adult domestic or offshore, the setup is approoximately $2000 including the high risk registration fees. However, once you start saving 50% in processing fees, you quickly recoup ther initial outlay.

Mitch

__________________



Mitch Farber - Hands On President
NETbilling, Inc.
888-357-8166 / 661-252-2456
ICQ: 117496436
Netbilling.com

evilc

mainstream or adult = 45$
adult or offshore = 2000$


a little confused.. can you pls clear that up..

Also, this includes all fees..including anything the bank may charge etc?

__________________
"All businesses are good businesses, if you know how to do Business" - evilc


Can A Paysite Pluggin NOT Be A Simple Pluggin?
Downloadable MPEG, WMV and DiVX -- UPDATED DAILY!
WWW.ITSYOURPORN.COM

evilc

I've got a EU corp. I'm not doing 50k$ worth of sales right now, but if its 2000$ for a merchant account, I'd definetly be interested in getting one, cause i still feel it would make business sense getting one.

I will be needing a merchant account eventually, so perhaps I might as well get it now.

Are there any other restrictions that would hinder me from getting a merchant acc?

__________________
"All businesses are good businesses, if you know how to do Business" - evilc


Can A Paysite Pluggin NOT Be A Simple Pluggin?
Downloadable MPEG, WMV and DiVX -- UPDATED DAILY!
WWW.ITSYOURPORN.COM

TondaB

I have heard of your system. The type of merchant account you are referring to must use Netbilling as the primary processor. I thought a merchant account could be used with any processor, primary or secondary. Can you explain the difference?

__________________
Naked Hosting - Are you a Dork, Geek or a Nerd?
Need a dedicated server? Fully Managed Server & 10TB of Bandwidth for only $99 - Contact me: tondab@nakedhosting.com
ICQ: 61462417

james_clickmemedia

In 1999/2000 Jettis was formed and the investers were major players...

__________________

AzureSales

I was just going to comment on that - I was around and in billing when DMR went down. To say that wasn't pretty would be an understatement....

Jettis used to be invitation only.

There are a lot of issues besides money to setting up a 3rd party biller now, spammers, right wing conservatives, have to go with a privately held bank to get around the whole investor issue, fees, support, blah blah blah.

Visa isn't making it any easier either, at this point, lets just stick our asses in the air, break out the cameras and take it up the ass like the good little whores we are.......


If we could ever get together on anything we would be a powerful lobby but well egos tend to suck the air out of the room.


If 10 years in this industry doesn't make you a realist it sure will make you a fatalist.

__________________
M.M.V

Reality is only altered by preceptions.... Azure Entertainment

877- 40- Azure
561-953-5062 fax
305162164 ICQ
Sale_Azure Yahoo
SalesAzure AIM
Azure Sales MSN

Peaches

True, I forgot about the background of that

__________________
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. ~
Warren Buffett

Doctor Dre

Starting a good new stable CC processor is very hard ... I doubt there will be any big ones comming out short term

taboo_gal

Exactly... Jettis even pulled out of 3rd party processing this year.

[quote=AzureSales]
There are a lot of issues besides money to setting up a 3rd party biller now, spammers, right wing conservatives, have to go with a privately held bank to get around the whole investor issue, fees, support, blah blah blah.

Visa isn't making it any easier either, at this point, lets just stick our asses in the air, break out the cameras and take it up the ass like the good little whores we are.......
QUOTE]

__________________