Visa and Mastercard suspended Mindgeek from their processing

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Markus
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Visa and Mastercard suspended Mindgeek from their processing

#1

Post by Markus » August 5th, 2022, 7:12 am

More bad news for Mindgeek


Here is the headline on https://www.cnbc.com/2022/08/04/visa-su ... versy.html


"Visa and Mastercard suspend payments for ad purchases on Pornhub and MindGeek amid controversy"






Sammy
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#2

Post by Sammy » August 5th, 2022, 7:39 am

Firings plus CEO Feras Antoon and COO David Tassillo have resigned from Mindgeek now Visa and Mastercard say hast la vista baby, not a good year for Mindgeek is t.






blingman
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#3

Post by blingman » August 5th, 2022, 8:44 am

I thought Visa and Mastercard were not processing for PornHub for months,or was I mistaken.






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vblogger
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#4

Post by vblogger » August 5th, 2022, 7:26 pm

How much do you think Pornhub bills with Visa and Mastercard per day?






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tacnet
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#5

Post by tacnet » August 5th, 2022, 8:45 pm

Wow - they really do want to kill off pornhub !

Visa and Mastercard had already suspended Pornhubs merchant account (so they couldn't accept any user signups) but now they have stopped card payments for advertising aswell

I guess that means Pornhub's only income now is from affiliate sales



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TheButcher
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#6

Post by TheButcher » August 5th, 2022, 8:51 pm

tacnet wrote:
August 5th, 2022, 8:45 pm
Wow - they really do want to kill off pornhub !

Visa and Mastercard had already suspended Pornhubs merchant account (so they couldn't accept any user signups) but now they have stopped card payments for advertising aswell

I guess that means Pornhub's only income now is from affiliate sales

I am curious why all the drama is directed at Pornhub. Mindgeek owns so many other large tubes for example:

RedTube
YouPorn
Tube8
PornMD
Thumbzilla



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tacnet
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#7

Post by tacnet » August 5th, 2022, 9:00 pm

TheButcher wrote:
August 5th, 2022, 8:51 pm
tacnet wrote:
August 5th, 2022, 8:45 pm
Wow - they really do want to kill off pornhub !

Visa and Mastercard had already suspended Pornhubs merchant account (so they couldn't accept any user signups) but now they have stopped card payments for advertising aswell

I guess that means Pornhub's only income now is from affiliate sales

I am curious why all the drama is directed at Pornhub. Mindgeek owns so many other large tubes for example:

RedTube
YouPorn
Tube8
PornMD
Thumbzilla
I think its just because Pornhub is the most well known. But ALL their sites will be affected

Basically they had 3 revenue streams, membership sales, advertising sales and affiliate sales. Mastercard/Visa have now shut down the first two



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TheButcher
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#8

Post by TheButcher » August 5th, 2022, 9:07 pm

tacnet wrote:
August 5th, 2022, 9:00 pm
TheButcher wrote:
August 5th, 2022, 8:51 pm
tacnet wrote:
August 5th, 2022, 8:45 pm
Wow - they really do want to kill off pornhub !

Visa and Mastercard had already suspended Pornhubs merchant account (so they couldn't accept any user signups) but now they have stopped card payments for advertising aswell

I guess that means Pornhub's only income now is from affiliate sales

I am curious why all the drama is directed at Pornhub. Mindgeek owns so many other large tubes for example:

RedTube
YouPorn
Tube8
PornMD
Thumbzilla
I think its just because Pornhub is the most well known. But ALL their sites will be affected

Basically they had 3 revenue streams, membership sales, advertising sales and affiliate sales. Mastercard/Visa have now shut down the first two
Those three are what we know of, who knows what other businesses on or off line they have going. When you're making that much money you must have multiple opportunities to diversify and invest. Plus I am sure they have thought of the various possible problems that may come up and have planned for it.



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tacnet
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#9

Post by tacnet » August 5th, 2022, 9:19 pm

TheButcher wrote:
August 5th, 2022, 9:07 pm
tacnet wrote:
August 5th, 2022, 9:00 pm
TheButcher wrote:
August 5th, 2022, 8:51 pm



I am curious why all the drama is directed at Pornhub. Mindgeek owns so many other large tubes for example:

RedTube
YouPorn
Tube8
PornMD
Thumbzilla
I think its just because Pornhub is the most well known. But ALL their sites will be affected

Basically they had 3 revenue streams, membership sales, advertising sales and affiliate sales. Mastercard/Visa have now shut down the first two
Those three are what we know of, who knows what other businesses on or off line they have going. When you're making that much money you must have multiple opportunities to diversify and invest. Plus I am sure they have thought of the various possible problems that may come up and have planned for it.
You could be right but Im not sure they planned for loosing their merchant account. When your an online business and you suddenly cant accept card payments anymore then your pretty much screwed.

They cant even sign up with the likes of ccbill or epoch because mastercard has told all their 3rd party billers not to deal with them



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TheButcher
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#10

Post by TheButcher » August 6th, 2022, 8:11 am

tacnet wrote:
August 5th, 2022, 9:19 pm

You could be right but Im not sure they planned for loosing their merchant account. When your an online business and you suddenly cant accept card payments anymore then your pretty much screwed.

They cant even sign up with the likes of ccbill or epoch because mastercard has told all their 3rd party billers not to deal with them


Why try ban porn just cut off their ability to process payments.



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AlexO
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Title: I like Celebrities

#11

Post by AlexO » August 7th, 2022, 12:07 pm

TheButcher wrote:
August 6th, 2022, 8:11 am
tacnet wrote:
August 5th, 2022, 9:19 pm

You could be right but Im not sure they planned for loosing their merchant account. When your an online business and you suddenly cant accept card payments anymore then your pretty much screwed.

They cant even sign up with the likes of ccbill or epoch because mastercard has told all their 3rd party billers not to deal with them


Why try ban porn just cut off their ability to process payments.




Bingo!


Give me celebrity porn :twisted:

Big MOE
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#12

Post by Big MOE » August 8th, 2022, 11:05 am

That is a tough blow for any website think of the rebills


Getting rich takes making money, saving a nickel will not make you rich if you never make the buck

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tacnet
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#13

Post by tacnet » August 8th, 2022, 11:56 am

TheButcher wrote:
August 6th, 2022, 8:11 am
tacnet wrote:
August 5th, 2022, 9:19 pm

You could be right but Im not sure they planned for loosing their merchant account. When your an online business and you suddenly cant accept card payments anymore then your pretty much screwed.

They cant even sign up with the likes of ccbill or epoch because mastercard has told all their 3rd party billers not to deal with them
Why try ban porn just cut off their ability to process payments.
From what Ive read, they seem to be going out of their way to say they are NOT trying to ban porn.

If you think about it, yes it would hurt us webmasters but it would also upset half of visa/mastercard users who expect to be able to use their cards WITHOUT being morally judged by their credit card company

I suspect that both Visa and Mastercard make too much money out of porn to want to turn their back on it



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nudelinks
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#14

Post by nudelinks » August 9th, 2022, 8:49 am

tacnet wrote:
August 8th, 2022, 11:56 am

From what Ive read, they seem to be going out of their way to say they are NOT trying to ban porn.
I bet they would not mind if they do ban it in this round about way

tacnet wrote:
August 8th, 2022, 11:56 am
If you think about it, yes it would hurt us webmasters but it would also upset half of visa/mastercard users who expect to be able to use their cards WITHOUT being morally judged by their credit card company
I did not think of that,Visa & MC would not want to alienate a big number of their users.

tacnet wrote:
August 8th, 2022, 11:56 am
I suspect that both Visa and Mastercard make too much money out of porn to want to turn their back on it
True






HarryXxX
Posts: 259
Joined: April 2nd, 2019, 8:43 pm

#15

Post by HarryXxX » August 10th, 2022, 9:38 am

What a nightmare for MG






Visa and Mastercard suspended Mindgeek from their processing

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