Let’s be honest, who actually solely uses MasterCard?
If this was Visa I would be more concerned.
Hi Guys,
New here, but I have been in the regulation of a very different area for many years and I can tell you that it is *very* likely that VISA will do what Mastercard have just done - and soon. The reasons are (i) they are in the exact same business environment as Mastercard and they are subject to the exact same pressures and risks, and if it was good for Mastercard, it's good for them too and (ii) VISA will not want to be seen to be slacker than Mastercard. All it will take is for one underage girl to get some money from VISA through an adult website and for this to get in the news and their share price will take a major hit, that very same day. It's just not a risk worth taking. All kinds of sex transactions are risky for MCard and VISA in the Me Too era and so they want to minimise that risk with regulation. You can expect more of the same in the future.
You may ask yourself, will AW (and othrs like them) actually enforce this? And my answer is, yes, I think they will. The reason is that AW seriously want that revenue flow, and they simply cannot have Mastercard cutting them off. Simple as that. So, you will see systematic and uniform action from AW.
But, the way this newbie sees it, the regulation is a good thing.
First, we will get profiles that are more truthful, and who doesn't want that?
Second, the fakers and the scammers will get scared because they will fear AW (nd othrs like them) will cut them off for good
Third, we will be protected against having sex with an underage girl (for which the law will rightly cut your bollocks off with a rusty hacksaw blade).
Fourth, the entire environment will change for the providers and the punters. The providers will realise they are in a regulated space and they will wonder if it is a good idea to lie and bend rules *in all areas*. Punters will find there are less girls, but the ones that are there are genuine.
You see, to me, I don't need 900 WG in my area, where a lot of them are fake and scamming. I just need a few who are genuine and have what it takes to run their show like a proper business...Girls that, in any other line of business, would be called "professionals".
Brian