the economic moat of regulations and infrastructure that has to be overcome before you even can start acquiring customers. You would need a massive capital outlay just to start in last position to compete. Then you have to pay your sydadmins and sales and help desk and administration for how long before you have enough customers to break even? all on a gamble that the government won’t hamstring you on behalf of their corporate sponsors. and who is to say the rest of the financial world won’t cut you off; you can’t process payments if you can’t access users banks, it’s all cooperative between entities that benefit from it being a small club.
all of this risk to capture the relatively small nsfw market looks like a bad gamble to me, even though i strongly support the nsfw market myself! I spent decades in e-commerce and nsfw ecommerce and it’s trickier than it might look.
The most likely to succeed at the moment, IMHO, would be a standardization of the various local payment systems in Europe, and there is already some movement in that direction in a growing group of countries, but it probably needs a push from the EU itself, similarly to how GSM was pushed as a standard for mobile communications by European governments as a group and ended up dominating globally (which is also why, for a period and until smartphones became a thing, European mobile telephony companies were wildly successful).
I’m sorry for Americans who aren’t assholes (most here in Lemmy as far as I can tell) but the rest of the World does need to decouple from speed-running-to-Gilead America at all levels before it’s too late.
that’s not just the smallest market it’s the most troublesome market which is one of the reasons it’s a hot potato. If you limited yourself to just nsfw you would still need the infrastructure to process any types of payments and still be at the bottom of the current players. You would be hamstringing yourself and it would be even tougher.
NSFW and borderline legal stuff (like phone spyware apps) have a chargeback rate that is way higher than traditional retail. Users buy porn then charge it back to their credit card when the post nut clarity sets in. When i worked in the industry that was the constant battle from the retailer side; processors like CCBill were the most lenient but even they would cut you off if your chargeback rate was too high and it was always right on the border. Even on sex toys the chargeback rate is more than double just selling t shirts and stuffies.
I don’t know the financial side and have no idea why the chargebacks were such a massive deal to the processors. I can imagine being a small outfit it would be very difficult though if the margins were super thin.
the economic moat of regulations and infrastructure that has to be overcome before you even can start acquiring customers. You would need a massive capital outlay just to start in last position to compete. Then you have to pay your sydadmins and sales and help desk and administration for how long before you have enough customers to break even? all on a gamble that the government won’t hamstring you on behalf of their corporate sponsors. and who is to say the rest of the financial world won’t cut you off; you can’t process payments if you can’t access users banks, it’s all cooperative between entities that benefit from it being a small club.
all of this risk to capture the relatively small nsfw market looks like a bad gamble to me, even though i strongly support the nsfw market myself! I spent decades in e-commerce and nsfw ecommerce and it’s trickier than it might look.
The most likely to succeed at the moment, IMHO, would be a standardization of the various local payment systems in Europe, and there is already some movement in that direction in a growing group of countries, but it probably needs a push from the EU itself, similarly to how GSM was pushed as a standard for mobile communications by European governments as a group and ended up dominating globally (which is also why, for a period and until smartphones became a thing, European mobile telephony companies were wildly successful).
I’m sorry for Americans who aren’t assholes (most here in Lemmy as far as I can tell) but the rest of the World does need to decouple from speed-running-to-Gilead America at all levels before it’s too late.
Yoid be starting in 1st position for all these transactions that just lost a market.
that’s not just the smallest market it’s the most troublesome market which is one of the reasons it’s a hot potato. If you limited yourself to just nsfw you would still need the infrastructure to process any types of payments and still be at the bottom of the current players. You would be hamstringing yourself and it would be even tougher.
NSFW and borderline legal stuff (like phone spyware apps) have a chargeback rate that is way higher than traditional retail. Users buy porn then charge it back to their credit card when the post nut clarity sets in. When i worked in the industry that was the constant battle from the retailer side; processors like CCBill were the most lenient but even they would cut you off if your chargeback rate was too high and it was always right on the border. Even on sex toys the chargeback rate is more than double just selling t shirts and stuffies.
I don’t know the financial side and have no idea why the chargebacks were such a massive deal to the processors. I can imagine being a small outfit it would be very difficult though if the margins were super thin.
They don’t have a lot of things to measure when attempting to address fraud, but that’s one of them.
oh that makes perfect sense thanks!
Crypto it is, then.