Originally Posted by Barefootsies

It does indeed.

I have been in this industry for 15 years. I have seen many companies get hit by these sorts of things in my tenure. Clips4sale, BHE, among many others big and small along the way for any host of different reasons (PETA, improper record keeping, not following regs, etc.).

More often then not, we as webmasters deal with are the last link in the food chain or pecking order. We have the 3rd party processors handling our transactions, who have their merchant accounts through their merchant bank, who must serve their own VISA/MC overlords.

Many simply do not want, nor care, about how the system truly operates.... as demonstrated by these sorts of threads. They think it's just big bad Verotel, CCB, or whomever their latest demon is trying to "fuck them over".