I wonder why a cooperative in the adult biz hasn't got together and created their own credit card. It surely needs doing now before Visa/MC become totally unusable due to unrealistic terms. Make the card Internet only - get all the paysites you can to accept it as a payment option - try to get as many non-adult as possible too to increase take-up.
It could start as a debit card whereby all payments are ACH'd straight away from the users' bank account - any defaults and the card is suspended until payment is received. Good paying customers start to get offered credit once you have assessed their riskworthiness. They maybe only get ACH'd once they have built up $100 or $200 or $500 - or maybe just once per month.
The most you can lose initially is a little bandwidth before the card is suspended. ACH processors are plentiful so you can easily have that side set up. All you need is a bullet proof internet site to handle all of this.
Give it 5 years and maybe you can give MC/Visa the finger! :)
Frankie
|