I absolutely agree with you Redeye, the issue is not for the most part adult content but rather the factoring without any sort of accountability that is going on. I know it totally horrifies Visa.
I don't see the total shutdown of the industry soon, but I do think negative option rebilling will have to go. If any other business did this it would be a scandal, and in fact negative option billing is actually illegal in Canada and some other countries.
Are all the processors (except Verotel) using Bank of Leumi in the EU right now?
