I've gotten several phone calls and emails from friends today saying that they have received a letter from Card Service International stating that their Merchant Accounts were being cancelled because Card Service International "has determined not to continue operating in certain segments of the industry". A quick call to Card Service confirms that they have made the decision to cancell ALL processing for the adult industry.

Has anyone else gotten a letter from Card Service?

Does any know of another company who offers Merchant Accounts for adult online businesses? If so, let me know as Card Service is providing on about 45 days before they are cancelling the accounts.

I'm wondering if the Bush Administration hasn't decided that the easiest way to get rid of the online adult industry isn't to just cancel their ability to accept credit cards. Perhaps they are applying pressure to Card Service.

Any thoughts?

Bill