Summary:

Credit Cards Start Charging New Fee From Adult Subscription Sites: NYTimes.com does a fascinating story on how credit card companies are now…

Credit Cards Start Charging New Fee From Adult Subscription Sites: NYTimes.com does a fascinating story on how credit card companies are now charging extra fees from adult sites with spotty credit-card records. Visa will charge its member banks a $500 registration fee and an annual renewal fee of $250 for each high-risk company they pay a credit-card charge to. Those fees will be passed on, with a markup, to the sites themselves. MasterCard is expected to roll out similar fees, industry analysts say.

“Many of the online companies say that the new rules will clean up an industry rife with unethical billing practices. But some operators say that, in fact, the credit card companies have taken it upon themselves to step in as de facto regulators of their industries.”

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