Quote:
Originally posted by JR@Feb 1 2004, 07:22 AM
Visa and Mastercard have been pretty clear that they don't need adult business.
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And therein lies the problem. Visa/MC spend more time and money on customer service issue with adult than any other industry and contrary to many webmaster's theories, adult is NOT a large part of their processing $$$$.
IMHO, like AMEX, if they stop adult intenet processing, they would have to stop ALL internet processing. Considering the millions of dollars a day they do on sites like dell.com, they can't walk away from the internet. If they tried to just stop adult processing, there would be legal problems out the wazoo.
As it is, they are forcing the adult "problem" accounts to stop processing with them. It's a win/win situation for Visa/MC - they get rid of adult but don't have to worry about an anti-trust lawsuit for refusing to process it.