Sex chat accepting american express
As a result, American Express decided early this month to terminate all of its adult website merchant accounts.The company has been contacting merchants by mail for the last week, Fisher said.
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While online merchants themselves have to foot the bill for phony charges, American Express has to pay administrators to process the disputes. Fraud accounts for some disputes; many porn sites bill by using business names that are different from the website name; and many porn surfers deny they've made the charges when confronted by a spouse – something pornographers refer to as the "gak factor." (Husbands run up a credit card bill at a smut site, then go "gak" when their wives see the monthly statement).
All those disputes adds up to big money hole, Amex's Fisher said.
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Grousing on adult webmaster message boards echoes Fisher's sentiments."While my Amex revenues as a whole are comparatively small, representing only about 0,000 annually, it STILL is more than chump change and pisses me off," wrote one poster in a forum at
American Express shrugs off the complaints, saying the decision boils down to simple economics.
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