American Express says NO!

_{Taken from http://www.wired.com/news/business/0,1367,36608,00.html and the wtf_inc community.}

In a few weeks, no online p*rn site will take American Express. At least, American Express will no longer cover credit card transactions from p*rn sites.

"We've examined the digital adult content industry for a year and determined that there was an unacceptably high incidence of disputes about transactions," said American Express spokeswoman Joanne Fisher.

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.

Tom Fisher, general manager of card-processor CCBill, which handles card transactions for 4,000 porn sites, got his Amex letter Monday.

( Read more... )

"CCBill will be sending an email to all current American Express customers notifying them of the situation and asking them to return to the website to sign up using a Visa, MasterCard, Discover Card, or Online Checks," wrote CCBill in a letter to the 4,000 adult website operators that process credit transactions through CCBill.

Visa did not return calls seeking comment for this story, and Mastercard officials could not be reached.

Gorram! $500 000 as one of the smaller parts of revenue a year!