Didn't we just do this thread a couple of weeks ago in relation to ePassporte?
Credit cards are going to be the preferred method of payment for as long as we have a way to process them....even if recurring goes away. The reason is that is what most of our would-be customers have in their pocket and are most comfortable using on the net.
ACH is second choice, again because most people have a checking account. It might would contend for preferred choice if the banks would all play nice and come up with a common way to verify funds availability if not go ahead and transfer the money in realtime.
Everything else is a distant third. *But* webmaster acceptance isn't the real challenge. The real challenge is USER acceptance. Whatever comes about, whether it be a true prepaid card or a prepaid broker system ala paypal, has to have a critical mass of users in order to work. The trick is how do you get it into the hands of a critical mass of users.
Paypal did it. But they do not want to play with us anymore. Paypal saw the need for person to person payments on Ebay and rode that wave. Same thing might happen in adult if MC/Visa totally ban adult entertainment transactions online. Without that, no one has managed to solved the puzzle. Many people have tried, some have come close, but no one has yet found the magic combination. ePassporte is trying to solve it right now. I was involved with a pre-paid venture last year that had a real shot, and I'm sure most all of the processors have at least brainstormed alternate payment concepts.
I almost think the solution has to come from outside the adult arena and has to grow it's legs elsewhere. When it comes to money, trust is a key factor with consumers, and they do not trust the online adult marketplace....as an industry we've pissed in the well way too often with things like bullshit free signups that result in never ending rebills, etc.
Last edited by Hell Puppy at May 22 2003, 10:10 PM
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05-22-2003
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