Chargebacks & Refunds 2009

[InfoGuy]

Rick Latona Speaks His Mind About Domain Auction

Domainer Rick Latona comments on the weakness in the adult industry after disappointing domain auction at The Phoenix Forum.

On the audience front, we’ve learned over the weekend that the adult business is in worse shape than we thought. We had already known that they were reeling in pain from so many free tube sights out there but apparently in the last couple of months (I’m told since October) revenue has fallen off a cliff for most of them. The reason, I’m told, is that the IPSPs or Internet Payment Service Providers, whom process credit cards for adult sites, have doubled the amount of credit card transactions they aren’t accepting. I suppose due to bank pressures and non-paying card holders suffering from the economy that charge back ratios are at an all time high.