Quote:
Originally posted by Serge_Oprano@Dec 5 2003, 03:16 PM
KK, pure theoretical question...
what would happen with the industry if somebody buys the company all 3rd party processors go thru, like Ibill, PayPal were aquired, and new owner decides to get rid of adult?
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If someone has the money to buy First Data, I'd guess they already own it
Actually there are only a couple of US banks left that will touch adult and the EU options are very quickly disappearing with the departure of Deutschebank and some similar.
The banks don't like high risk, not just adult, mainly because a very few make good money at it and everyone else still shares in the risk and the cost. To get into processing adult now, a bank has to have 100 million in Tier 1 capital for starters, and there arent that many who find adult to be a business they like with the money to play...
One can only hope that Visa gets what its after so the noose will stop tightening. I guess we will see.