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Panky · 09-12-2003, 04:15 PM

Ummmm... I've been thinking...

What if it is not so much squeezing the online porn industry out of business but on the lines of the "big boys" in the porn industry putting pressure on Visa and MasterCard to impose fees and regulations to wipe the little guys out?

Visa and MasterCard and the likes, wouldn't want to lose all the business they generate now by trying to eliminate processing for any adult business. Why would they want to? Sure, they need to deal with chargebacks, fraud, and legal issues, but they still make a percentage off of every single transaction. There's lots of money made on transaction fees. I just couldn't see them giving up all that money.

What if the major players in porn, decided to protect their name and investors? What if these power players decided that because it is somewhat easy to get an account to process through Visa and MasterCard, that there were an increasing number of fly by night companies and scamsters who get in trouble and cause negative publicity? What if, by presenting this idea of certain fees and different regulations to Visa and MasterCard and by convincing Visa and MasterCard that it is in their best interest to do so, that the result would be that only people really serious about their business would dish out the fees and follow regulations. Maybe better quality sites, products and services would develop, and in essence weed out the junk?

The Internet has made it possible for any average human with a computer, connection, and few skills to become wealthy individuals. Porn draws people because people read headlines that "porn" grossed billions worth of business in a year. People figure well MLM didn't work for me, maybe porn will. Maybe making it more difficult to obtain merchant accounts is one way the "porn industry" protects itself?

I don't know. It was just a thought.

09-12-2003, 04:15 PM	#2
Panky Panky is the Queen of Mean Moderator Join Date: Nov 2002 Location: Montréal Posts: 4,780 xBucks: 46,590	Ummmm... I've been thinking... What if it is not so much squeezing the online porn industry out of business but on the lines of the "big boys" in the porn industry putting pressure on Visa and MasterCard to impose fees and regulations to wipe the little guys out? Visa and MasterCard and the likes, wouldn't want to lose all the business they generate now by trying to eliminate processing for any adult business. Why would they want to? Sure, they need to deal with chargebacks, fraud, and legal issues, but they still make a percentage off of every single transaction. There's lots of money made on transaction fees. I just couldn't see them giving up all that money. What if the major players in porn, decided to protect their name and investors? What if these power players decided that because it is somewhat easy to get an account to process through Visa and MasterCard, that there were an increasing number of fly by night companies and scamsters who get in trouble and cause negative publicity? What if, by presenting this idea of certain fees and different regulations to Visa and MasterCard and by convincing Visa and MasterCard that it is in their best interest to do so, that the result would be that only people really serious about their business would dish out the fees and follow regulations. Maybe better quality sites, products and services would develop, and in essence weed out the junk? The Internet has made it possible for any average human with a computer, connection, and few skills to become wealthy individuals. Porn draws people because people read headlines that "porn" grossed billions worth of business in a year. People figure well MLM didn't work for me, maybe porn will. Maybe making it more difficult to obtain merchant accounts is one way the "porn industry" protects itself? I don't know. It was just a thought.