Welcome to the summary of the discussion on recent changes by CC Bill regarding payment processing for adult websites. This topic addresses the impact of new fees and explores alternative solutions for managing these costs.
- CC Bill has announced that, starting May 24, 2013, MasterCard will impose a $500 annual fee for processing payments on high-risk sales, which includes adult content sites. This change brings MasterCard in line with Visa's existing policies.
- One alternative mentioned is CamgirlServices (CGS), which offers to handle payment processing for a $10 cut per transaction while covering all fees, allowing for the acceptance of multiple payment methods.
- Concerns were raised about the feasibility of a $10 per transaction fee structure, with some members suggesting that this could become more expensive than paying the annual fees directly to credit card companies.
- Further discussion highlighted that CGS uses CC Bill as its payment processor, raising questions about potential fee increases by CGS to cover the new MasterCard costs.
- The removal of phone billing options by CC Bill, leaving Pay By Check as the only alternative, was also discussed, along with the broader issue of the challenges faced by adult content creators in securing reliable payment processing solutions.
This summary reflects the community's exploration of the ramifications of the new CC Bill fee structure and the search for viable financial strategies within the adult content industry.