Home > News > Web / Tech News > Visa Confirms Online Adult Processing Rumor Is False • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Visa Confirms Online Adult Processing Rumor Is False

Visa Confirms Online Adult Processing Rumor Is False
Get XBIZ News
XBIZ Research
What will be the biggest segment of virtual reality adult entertainment?
Recorded video content
  28.81%
Live cams
  40.68%
3D rendered virtual worlds
  30.51%
Out of 177 votes. Results based on votes submitted by members of XBIZ.net social network.
XBIZ London - Sept. 15-18
Jan 3, 2013 3:00 PM PST    Text size: 

FOSTER CITY, Calif. — Visa Inc. on Thursday squelched rumors that it plans to stop processing online adult entertainment-related transactions, saying that statements circulating over the assertion are simply "not true."

Ted Carr, a spokesman for Visa, told XBIZ that currently there are no plans to halt processing for online adult charges.  

"Our policy is that Visa cards should only be used in connection with legal transactions," Carr said. "If the transaction is legal, it’s allowed on our network. If it’s not legal, it’s not allowed."

Visa, which processed 62 billion transactions with a total volume of $4.4 trillion in 2009, provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers.

The processor does not issue cards, extend credit or set rates and fees for consumers, but the company does set up policy for all of its transactions, including online adult charges.

Rumors of Visa's demise for adult have been heard for years, according to Mitch Farber, who leads NETbilling as president.

"If a time comes when it is true, there will not be warning or rumors," Farber told XBIZ." It will just come with an 'effective date.'

"While porn brings significant income through the bank networks and card associations, don't ever put it past them thinking that our industry is too big for it to happen."

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

OPINIONS & VIEWS

Keeping It Juicy: The Google Redirects Vendetta

Don’t get me wrong. I like Google. Back when I was in high school they were far from the super power they are today, and it would be many years before I would start JuicyAds. Google has done this... More »

Perils and Pitfalls of Affiliate Marketing

Traffic is king in e-commerce and that’s why affiliate marketing is a critical revenue driver for merchants. Effective use of affiliates allows online merchants to outsource digital marketing and... More »

Playing Truth or Dare With Traffic Sources

For adult website admins and owners, traffic is a constant preoccupation, with a lot of resources spent on acquiring visitors to a website, and then analyzing the metrics of that traffic flow. Sometimes... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.

UPCOMING EVENTS

QWEBEC Expo 2015

Aug 06 - Aug 09
Montreal, Canada

EXXXOTICA Dallas

Aug 07 - Aug 09
Dallas, Texas

Sexhibition

Aug 21 - Aug 23
Manchester, U.K.

Gentlemen’s Club EXPO

Aug 23 - Aug 26
New Orleans, Louisiana
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!