Ynot has started CC processing. Sounds interesting. http://www.ynotpayment.com/
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Ynot has started CC processing. Sounds interesting. http://www.ynotpayment.com/
they have a few nice features too:
• No setup fee and no annual recurring fee.
• Accept Visa and MasterCard payments through YNOT Payment.
• Accept Euro Debit payments
• Credit card transactions processed at industry-low 10%.
• Euro debit transactions at just 8%.
But I am always worried when a company starts off and does not comply with visa re: their fee. Most others that have done this in the past end up going under within a year or so.
cheers,
Luke
I am definetly going to have to agree with you there.Quote:
Originally Posted by Chilihost
Mark
are they "adultwebsite friendly"?:)
sincerely ~ jim
longboard jim - i'm sure they are. if you read more inside that site, you will find they are owned by ynotnetwork, the oldest adult webmaster resource site and community i know of. they are based in southern california.
what concerns me is that their processing company says they are based in germany. processors in europe do not have to charge that $750 registration fee, and i know of two processors that moved part of their operations - including their entire admin - to europe so they would not have to charge that fee - both those processors are gone. visa shut them down.
so who knows? i can't read the future, but i can't see why yet another u.s. based company opening another european processing company should be any more successful in remaining visa-compliant then the others...
Of course, It's from YnotQuote:
Originally Posted by longboardjim
And you would think they would know that adult webmasters are leery of billing companies that aren't Visa compliant. How would they even get a merchant account if they weren't?
i guess i'll have to take a closer look! , my concern of course is with "visa" processing!
sincerely ~ jim
Its never a good idea to jump onboard with any large processors new or old. There always that largest VISA target. Honestly my guess is YnotPayment and CCBill will be gone within the next 12-24 months.
That being said any smart webmaster has a nice mixture of billers from a BIG guy all the way down to an unheard of and they balance there load. Most of us have learned from the IBILL situation. Strangly enough I still see websites using CCbill and only CCBill. I guess not everyone learns.
Well I would agree with the worry about VISA... anyone remember Adult Check and their ACPay? Adult Check was pretty well known too... they claimed similiar banking so while it sounds good, I'd remember the old adage... burn me once, shame on you, burn me twice shame on me... so I'd certainly want to see a whole lot more details... but heck, colour me paranoid I guess.
just my personal opinion & not meant to cast any aspertions on Ynot or anything.
Ian
not just acpay, but pswbilling (who were super nice guys), and another one that i can't remember the name of that i actually used to use - plus the tritech guys had a processing company.
Quote:
Originally Posted by Xstr8guy
Since I am not familiar with visa stuff I'll just say !
C'mon, it's from Ynot! Aren't they one of the most respected resources in this business? I find it hard to believe that they would put their reputation on the line if they didn't think this would work.
Do you secretly own this company and we don't know about it ? hehehe :francais:Quote:
Originally Posted by Xstr8guy
I wish I did!Quote:
Originally Posted by curiousbunny
In all seriousness xstr8guy yes I would... I know ACPay was taking VISA registration fees right up till the plug was pulled and they knew it was coming, for months before they kept dodging it too.. as did many other processors that are now gone TU... the lure of big bucks is tempting to many, even the big boys... I mean look at Enron for proof of how they scammed folks, they had all the money they needed, yet they still opted for the scam.. so for me, and again I am not saying this is the case here with Ynot, just that I am very skeptical of a USA based operation saying NO VISA FEES... on the flip side i do hope they can pull it off, as it would be a big boost to many small sites and would help the industry, but its a big IF.. least in my mind.. again, simply my personal opinion.
germany, hrmmm....that is interesting, thats why they get away with the no visa, but how do they get away with cross-border processing payouts with visa (I am talking about visa zones, not country zones here). That is a serious no-no and that is a big part of what shut down the other billers.
yet, I am also intrigued that these are ynot guys doing this. These boys are not small players nor are they new to the whole billing fiasco.
CBLCasey - what makes you say ccbill will be gone in the next 12-24 months? ccbill is huge and is fully compliant with visa and mastercard.
cheers
Luke
Your so smart ! :light:Quote:
Originally Posted by Chilihost
Are you kidding me? They had a big scandal a while back didn't they? I was banned recently because I hinted that one of their regulars was ripping customers off ( you know the straight guy selling Gay sites and promising stuff his customers say he doesn't deilver, the guy who said he'd never come to GWW again, the one who said here that he liked to push peoples buttons and manipulate them. ). You are not allowed to talk bad about any business on their site, whether they've done/do wrong or not, that's a red flag for me. I wouldn't trust a site that doesn't want people in the industry discussing things freely, good or bad. :francais:Quote:
Originally Posted by Xstr8guy
they probably believe they can make it work - just like those other guys did.
also keep in mind that, while bob is a great guy, they bought ynot from rick. that's who first established the community.
Quote:
Originally Posted by Xstr8guy
It certainly interesting to see that they are processing via a German company and who knows this could be the next big processor for the industry, if it is, kudos to them.
However i also have to share the feelings about the cross border processing issues, unless they have something up their sleeve's that we dont know about, they are pretty much in the same area as processors like Verotel right now.
Will certainly be interesting to see how the next 6-12 months pan out for ynotpayment and you have to admit, thats a great way of branding their resources name in the industry even further especially if a couple of the big guys jump on board and start processing with them, pretty much all of their affiliates will be mentioning or see, the YNOT brand name on an almost daily basis.
Hmmm... I have a couple of ideas of my own now on the branding front :groovy:
Regards,
Lee
Whatever happened to Rick? I heard some rumors recently that he was getting back into adult after selling AmateurMasters to the Camz crew a year or two back.Quote:
Originally Posted by basschick
Rick certainly had one of the most well known names at the time, i wonder how many webmasters in the industry today even know who he is or what he acheived in the industry.
Regards,
Lee
I've been here for 5 years, and I've never heard of the guy.Quote:
Originally Posted by Lee
You and your megalopolis of branding for the Gay Webmaster niche... will it never end? :pimp:Quote:
Originally Posted by Lee
This sounds bad already. From my understanding this is just a loop hole around the rules that GloBill and a couple other processors did. Hum where are they now, I rest my case.Quote:
Originally Posted by basschick
Mark
Another point is when processing adult like this you need to comply with visa and do everything that you are required to by visa without bending a single rule. You must bow down to them like they are your bitch. Any short cuts or anything and you are history.
Mark
There you go knocking Verotel who's been in business for years.Quote:
Originally Posted by Lee
Verotel is in the Netherlands and are a Euro Visa compliant company.
The problems the other companies had were that they were American based companies trying to break the rules and go through Euro Visa.
Being a true Euro company and processing through Verotel is a totally different situation. Not to mention Verotel registers your company with the Netherlands chamber of commerce to make you a local business, at least they do Pro customers.
The facts are that ALL adult processing companies have no gurantees. :goof:
Thanks for getting this thread going Xstr8guy and for your kind comments. And thank you Basschick for yours.
Everyone please send your questions, concerns, comments and requests to corp at ynotpayment dot com and please cc jay at ynot dot com at your earliest convenience, thanks.
I'm sure Ynot knows exactly what's going on. They use the best attorneys, have access to the best in the business in every area you can think of. If the set up is similar to Verotel, I don't see why they wouldn't stick around. Basically all content must be "served" from their own servers, piggie back style, just like with the avs companies that are still alive.
I wish them well. We need MORE processing options, not less. Good luck LAJ. btw, you are very nice looking :devil:
We do need more processing options, but I want a processor to be a non interested third party.Quote:
Originally Posted by Huskyhunks
I don't want my content hosted by my billing company, if I lose one, then I lose the other, and that would suck!
Having an industry insider like Ynot knowing the financial details of my sites, the traffic and hosting my sites? No way. :pimp:
I spoke to him in Vegas. He's never really left the industry, except for the first year after he sold ynot to Flying Croc. I even asked him if he was getting back into the industry and he laughed and told me he's never really been out, just not visible.Quote:
Originally Posted by Lee
I liked working for him back in the day, he's one of the good guys for sure.
Haha.... thanks and thanks Huskyhunks...Quote:
Originally Posted by Huskyhunks
