Quote:
Originally posted by Panky
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.
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According to the Visa website, "In 2002, $2.4 trillion in goods and services were purchased using Visa products."
According to the MasterCard website, their processing volume for 2002 was $1.14 trillion.
Even if we go with the some of the higher revenue estimates for the online adult industry, we're only looking at around 10 billion per year.
Assuming all of that 10 billion was generated with Visa's and MasterCards (lets ingnore Discover, checks, dialers, etc.) we're still looking at only 0.2% of Visa and MasterCard's volume.
Adult is insignficant to Visa and MasterCard.