Quote:
Originally Posted by Pablo
This really pisses me off.
BTW, why does Smashwords need Paypal at all? Can't they process CC payments themselves?
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Not just anyone can process CC payments. The CC companies decide who they will and won't accept as processors, and they are the ones who started the crackdown against adult material in the first place.
The adult oriented sites on the net are finding it more and more difficult to find credit card processors, and have to pay a huge premium. Most retailers, for example, fork over about 2% of sales to Visa or Mastercard. Adult sites have to pay as much as 25% to those credit card processors willing to handle adult material, and those processors can be cut off, and have been, by Visa and Mastercard if they let sites go over the moral line the CC companies set
The CC companies are big, rich, powerful, monopolistic, American, conservative and Republican. They will screw you any possible way they can, but they hold their noses whenever the talk of sex comes up.