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03-04-2008, 03:43 PM
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#1 (permalink) | |
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Those with the biggest egos are insecure
Join Date: Jan 2003
Location: near Cape Cod, Massachusetts
Posts: 9,150
Points: 1,196
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Another billing processor dies
I have not confirmed it with them, but am told another processor, based in the USA, has folded. 2 sponsor programs who used them have emailed me telling me this, though the second just copied what the first said.
If so, I've been fucked up the ass without lube, but only a few grand. A friend was doing $10k a week with them so you can imagine how much money he lost. And, he lost tens of thousands with Lancelot, then lost it with Globill, and lost it with other processors, too. He and another friend have had to pull down their paysites as no other processor will process for them. I used them as a backup processor for nearly 5 years on all paysites. What's totally fucked is I got a sale overnight and he got rebills, yet he was told by the processor the bank "took" their funds and it's all gone. If so, who got the money from my overnight sale and his rebills? I called the uplink bank for the processor and no one was around but they promised to call me. Oh, this processor has hundreds and hundreds of sites they processed for, mostly non-adult. And all their other websites are still up, just not their main billing site. Something is very, very fishy. But, they are in the USA totally so due process can be done __________________
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03-04-2008, 03:52 PM
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#2 (permalink) |
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Join Date: Nov 2006
Posts: 2,627
Points: 690
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name name name?? got a name?
__________________
 HAVE YOU CHECKED OUT THE NEW ARS YET? WELL COME ON ALREADY!!! ICQ - 436 795 438 E-mail VG {at} cool-content dotcom |
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03-04-2008, 03:54 PM
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#3 (permalink) |
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to understand balance is a virtue-NP Mod
Join Date: Apr 2003
Location: EST+15 $$ Links In Signature For Best Results ;)
Posts: 8,882
Points: 250
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I can only guess its been your private "ma" hoo up that went down...sorry Pam... I was burnt in the GloBill scam as well
__________________
  | GTP Adult | GTP Mainstream | Adult Domains | Non-Adult Domains | Erotic Trades | XXX Domain Directory | Compost |DreamHost | Site UP? | Spoob For FunTraceWhois.com  Do Not Click
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03-04-2008, 04:04 PM
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#4 (permalink) | |
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Those with the biggest egos are insecure
Join Date: Jan 2003
Location: near Cape Cod, Massachusetts
Posts: 9,150
Points: 1,196
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I won't name them until I confirm it. I'm getting more information and it may not be the whole story .... it may be just "certain" types of sites they won't process for any longer, but if that's true, mine are safe (no hardcore content at all).
If I lose it, it's not a whole lot of money, but for my friend who was earning $10k a week and now has NO processor plus loses all the cash he's owed plus rebills ... that REALLY sucks. I'm not going to say much more publicly as my own feelings should not be aired __________________
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03-05-2008, 06:35 AM
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#9 (permalink) | ||
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Those with the biggest egos are insecure
Join Date: Jan 2003
Location: near Cape Cod, Massachusetts
Posts: 9,150
Points: 1,196
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Mr. Meat, you have a PM (it's old, but so are we) __________________
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03-05-2008, 06:43 PM
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#11 (permalink) | ||
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Those with the biggest egos are insecure
Join Date: Jan 2003
Location: near Cape Cod, Massachusetts
Posts: 9,150
Points: 1,196
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And your assumption is correct as the sites are severe/reality SMBD sites. Like I said, I don't want to say much more publicly as I tend to be a bit opinionated  __________________
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03-05-2008, 07:40 PM
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#14 (permalink) | ||
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Those with the biggest egos are insecure
Join Date: Jan 2003
Location: near Cape Cod, Massachusetts
Posts: 9,150
Points: 1,196
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The sites in question follow the former more than the latter. __________________
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03-05-2008, 09:00 PM
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#15 (permalink) | ||
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I sell pizza by the slice!
Join Date: Dec 2003
Posts: 2,106
Points: 5,085
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It doesn't sound like a processor going down to me, it sounds like they have pressure from their bank or Visa/MasterCard and they must become more strict to continue business, just like CCBill and Paycom have done in the past. You said that a billing processor dies, and then you say it could be they're not processing for severe sites. I don't find that very cool or professional and now I'm glad you didn't name names. __________________
XXX SEX TICKET AVS - $25 PPS on $1 Trials! |
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03-05-2008, 09:21 PM
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#16 (permalink) | |||||
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Those with the biggest egos are insecure
Join Date: Jan 2003
Location: near Cape Cod, Massachusetts
Posts: 9,150
Points: 1,196
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No value? That another processor will no longer process for sites that are fully legal in the USA? That a lot of sites that many people here most likely promote will no longer be around to promote? Yeah, not much value. Quote:
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It wasn't cool to me, either. I'm sure other affiliates on this forum got the same emails from the same sponsors. With the processor's website still down and no one able to check stats or anything, it's not very cool at all. But I'm very glad I made you happy when I didn't name names. __________________
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03-05-2008, 09:29 PM
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#17 (permalink) | |
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Nothing special to say here
Join Date: Dec 2007
Posts: 322
Points: 1,685
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Processors may attempt to renegotiate with the bank but if they previously accepted extreme content in the past the banks (per card association rules with VISA and Mastercard) may require a hefty bond, regardless of promises the processor may make regarding future business practice. If the processor can't come up with the dough, they're out of business. It's not a simple matter of saying, "Oh, so we won't accept that kind of content any more." THIS is why you don't do business with an IPSP that accepts borderline content if you don't need that kind of processing yourself. It's a good lesson, even without naming names. |
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03-06-2008, 06:53 AM
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#18 (permalink) |
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I like Dutch Teens
Join Date: Mar 2007
Posts: 2,509
Points: 3,170
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so 2 days and no name
I really dont see any point in posting this then __________________
 ICQ 16 91 547 - SKYPE dutchteencash bob AT dutchteencash DOT com WE GOT A HOT NEW RSS FEED!!! |
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03-06-2008, 06:59 AM
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#19 (permalink) | |
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Those with the biggest egos are insecure
Join Date: Jan 2003
Location: near Cape Cod, Massachusetts
Posts: 9,150
Points: 1,196
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I just got a PM on another board from someone asking about this, seems his processing is down. I don't believe he has the type of sites I mentioned but I have to wait for an answer to find out.
Georgie, some of what you said DID happen. Affiliates surely received email stating what happened with the money that was removed and won't be returned. The fact their website is down and no one can check stats says a lot. __________________
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03-06-2008, 05:11 PM
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#20 (permalink) | |
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Those with the biggest egos are insecure
Join Date: Jan 2003
Location: near Cape Cod, Massachusetts
Posts: 9,150
Points: 1,196
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Well ... I was able to get into the b-a-c-k-d-o-o-r of their admin and can't add or delete members. This means no one will expire. It's not just hardcore BDSM sites they have stopped processing for, since my sites are all softcore. A few pornstars sites were dropped as well. It appears that they lost one bank and all funds owed to us are gone as well. I don't know what cardinal rule they broke that caused one bank to take all their money in fines and fuck us without lube.
Their billing site is back up as if nothing is wrong, and they haven't notified most people who process through them which I think is pretty nasty. I'm SO glad I never put all my eggs in one basket __________________
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