Quote:
Originally posted by nevermind
I'm sorry Chris. Nothing personal. I just have a fundamental disagreement here.
It's pretty obvious to me why Visa wouldn't allow VBV chargeback protection on rebills. It's obviously a big part of the overall chargeback/refund problem which, in turn, is causing problems with the credit card associations.
They're protecting the consumer. The adult industry, unfortunately, is not and never has.
Why cling to rebills? I realize that rebills are a substantial part of many sites' revenues, but isn't it better to lose that than lose credit card processing all together? Then you're left with ZERO revenue.
Funny how everybody clings to rebills and other questionable billing practices in the face of pending disaster, rather than fixing the problems or embracing new products which could help avert the crisis.
And people can yell "Fuck Visa!" all they want, but you don't fuck Visa. They fuck you.
And I'm willing to bet that's exactly what's going to happen in the end because this industry absolutely refuses to clean up its billing practices.
P.S. I am not a Visa "spy" either. As if Visa or Mastercard gives a fuck about any of us ... LOL.
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Nothing personal but you views are so biased against the Adult Industry. This industry is not the only one that uses the recurring billing model. My local Gym uses it, Netflix uses it, Inktome uses it, the cable companies use it the list goes on and on and if you have ever joined a gym forgotten to cancel and then 9 month later tried to get you money back, good luck. Yet we are the only ones to be penalized because this is adult entertainment, we are treated differently and have more severe penalties.
I agree in the past there have been a lot of dubious scams and websites run by some very dishonest people and to some extent that is still going on. But this is not the only industry that has its bad apples and if Visa, Mastercard or any of the big card companies are going to make rules and regulations that are in my opinion restrictive they should first look at other areas and their charge back ratios and fraudulent transaction, i personally know of a company outside the adult business with an average of 6% charge backs and they have no problems no massive fines its business as usual.Just my
