Credit card debt rises 315%

[RawAlex]

Originally Posted by gonzo

Its been proven that consumers prefer to pay as they go.
I sure would hate to be a large program buying up smaller ones relying on my profit margin to come from the "forgotten rebill."

Raise that interest charge some more and you will see how many people come alive to cancel that shit.

There are a few companies that have been buying up others (Dee as an example) and they may be walking right into one of the worst potential marketplaces. As more CCs go to default, more rebills are lost, and the numbers that purchase prices were based on all go to hell.

Unless they have a very specific plan that will significantly increase initial sales, they may find themselves getting squeezed. Sort of like Penthouse buying AFF - did they pay top dollar for something that is about to hit a wall?

EJ, European sales have been better, and apparently CCBill has added more processing power in Europe in the last few days. But it is a more fickle and more expensive market to sell to, because you have so many languages and such in such a small area. The programs with language sensitive tours will likely do much better there, considering the sales pitch will be more attractive.