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Originally posted by Dianna Vesta@May 23 2003, 04:36 PM
Is someone creating "MasterPorn" card? lol
Why the hell not? I know I've said this before on another rant & the same people were in the thread.
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The trust issue has to be resolved. The users wisely do not trust most adult entertainment entities for good reason. If you strip mine, it's a long time before you can grow trees again!
If you solve the business and tech issues, to get the users to accept a card like that it would need to have some name recognition. Playboy or maybe Hustler could pull off branding a card...especially if the transaction partner on the back end was also someone respected from the financial or tech side.
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Finally they allowed BBS's to accept credit cards and a company called Logicom was the first to provide software to process real time transactions for membership access. That company became Ibill. No shit.
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Way back when, my first processor in those days was "TeleFlora". Same company that processed for most of the florists nationwide. It wasn't automated unless you cared to write your own code, it was at least electronic as compared to some of the others who wanted you to sit on the phone and do it all with touch tones.
Some genius there saw some extra money in providing processing to BBS operators and other non-face-to-face merchants. Most florist transactions are done over the phone, so they were used to not having a card to swipe. But they eventually stopped taking adult and then ultimately went back to exclusively dealing with florists.
Just another blast from the past...
One thing is for certain though, people will always pay for porn, but the more convenient it is, the more will do so. We made money back in the day having people mail in checks and money orders for manual processing. But business jumped tenfold or better when we went to credit cards and instant gratification.