“Selling porn with my own merchant account turns out to be the biggest mistake in my life, as it is costing me my whole dream.”“Selling porn with my own merchant account turns out to be the biggest mistake in my life, as it is costing me my whole dream.”
Hello again everyone, this time I have some more cynical writings coming your way, as I’ll be bashing on the thought of getting your own merchant account and doing your own processing.
I have seen many articles going around, all of them telling you to do your own processing for various reasons, let me tell you why you do not want to do this. It’s very simple, and it’s a crisis I am going thru right now. A company was processing porn with a well-known bank and online processing company. Everything was fine; charge-backs weren’t all that bad, and then BLAM! Out of the blue, they froze the account and locked in all the cash, ruining the pay site instantly…
Meanwhile, hating the bank, I continue to go on, building a new online business (an ISP). I’m getting away from doing pay and free sites, and moving more into the service I grew up doing, and love to do (now that I have some backup funds and all the necessary experience).
Well to do business on the net, you need a merchant account. No one is going to pay by check for ISP services every month, so there is not much alternative. I decided to apply for a new merchant account under a business name and tax id, but of course they need my personal information…
Selling porn with my own merchant account turns out to be the biggest mistake in my life, as it is costing me my whole dream. I can’t even sue, as it’s unlikely I could come up with the money needed to do so. Now do you still want to get a merchant account for porn?
