Quote:
Originally posted by Vick@Mar 15 2005, 10:26 AM
Ryan - I respectfully disagree
Adult on line memberships are classified as high risk transactions
Therefore those transactions are different from other types of recurring
and it's Visa's game and ball and Visa can do whatever the fuck they please
Visa doesn't need the headache of high risk transactions for the small amount of revenue it brings
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I agree whole heartedly with the fact that Visa can do what they want unfortunately. I would think though that they would stop processing adult ENTIRELY before cancelling recurring transactions...
If it comes to a court case (which it will - think about the MILLIONS of recurring monthly transactions keeping programs afloat right now, someone will sue) they would have to justify why they think that the recurring model that has been in place for a decade now for these type of transactions will be less high risk if they stop the recurring billing.
Bottom line, people will still say they never ordered the membership, my son did it without my permission, spyware must have got my CC # etc... There are a million excuses. How would Visa say this makes this industry less high risk ? The argument will come up that anything they say a good attorney could state "How is (besides the initial transaction which they are still willing to process) the recurring model any different from non adult products that recur, such as vitamins... etc
It is a very very interesting topic - I think Visa WILL make a move and a new product will come out "The Porn Card" you load it with your Visa/MC and use it for adult transactions. This industry is very inventive lol ...