The Adult Performer Independence Push

The adult industry is seeing a surge of growth from performers creating their own independence through self-management.  Growth of independent models managing their businesses on successful cam platforms spiked this spring when the Free Speech Coalition (FSC) announced a voluntary production hold to coincide with the Governor of California’s shutdown of all non-essential business.  With studio work frozen, studio performers scrambled to find steady income, moving to camming, fan sites and clip programs to survive.  In Cathy’s latest XBIZ Column, she shares the top three areas of entrepreneur support being built to help performers achieve business success.

“Registered payment facilitators in this space help direct funds on behalf of their merchants to their artists and there has been a critical need for a strong and rapid payout solution,” said Segpay CEO Cathy Beardsley. 

Segpay has worked to speed up settlements to merchants, while investing heavily into a payout platform to make it easier to direct payments on behalf of merchants to their artists.  Learn more about Segpay’s model and affiliate payout platform and other ways the industry is helping performers in the full column here.

France to Require Age Verification for Adult Sites

France will soon require all adult websites to implement an age verification system.  French leaders voted unanimously to implement age verification to protect minors by blocking pornographic images from children and adolescents under the age of 18.  This follows a similar law passed by the UK a year ago that was later abandoned.  France is taking a different approach, being less strict by providing several options on what will be considered as an acceptable means of verifying age. This leaves the responsibility up to private companies on how they handle age verification.  The French Parliament is suggesting using credit card verification. 

Segpay has several solutions already in place to help merchants in France with the new age verification requirements. The solutions include:  

  • An available API that allows merchants to lookup a credit card number to determine if it was ever used for a successful transaction at Segpay.  This is helpful for more advanced merchants who want to build their own system and just use the lookup.
  • The ability to do an authorization only transaction for one or two Euros in order to validate the card. The transaction is never captured, meaning the consumer is never charged.  Segpay provides a special pay page which clearly communicates to the consumer that they won’t be charged. This is a fast and easy way to put a solution in place with minimal effort.
  • Segpay’s Amount Verification system provides a more thorough process, authorizing a small amount on the consumer’s card that must be validated by the merchant. This helps ensure the person with the card is the person with access to the account. 

Failing to comply with France’s new requirement could result in sanctions like blocking access to merchant’s websites in France.  A final vote will be held again in the Senate where the bill is expected to pass.  No date has been projected on when this change will be implemented.  

If you have questions on this, please reach out.  We’re here to help, contact your sales representative or email us at Sales@Segpay.com.

Finding the New Normal After the COVID-19 Reset

So much has changed over the last several weeks, when COVID-19 hit the U.S., life as we knew it literally paused.  Last week we moved back into our Segpay corporate headquarters along with many others across the country.  As we begin to develop our new normal, we know many parts of the business community are going to look different.  In Cathy’s latest XBIZ Column, she shares four areas that are evolving due to the Corona Virus effect. 

“The dramatic increase in online sales has reinforced the need for stronger authentication tools.
said Segpay CEO Cathy Beardsley.  “As we move towards more e-commerce and higher risk transactions, U.S. merchants will need to take advantage of programs like Verified by Visa and 3D Secure.” 

Learn more about the changes we’re seeing and what’s possible to come as we develop the new normal in the full column here.

We’re Back! In the Office.

After weeks of working remotely, the Segpay team is back together again.  This week we made the decision to move forward and come back together as a unit inside our beautiful South Florida office.  The return to work took lots of planning and the development of many safety precautions to protect our valued employees.  

In just a few weeks we were able to implement some important safety measures that begin the moment Segpay employees enter the building including temperature check stations, six feet separation techniques and PPE availability.  We’ve installed full acrylic partitions for every cubicle to add an additional level of protection barrier.  Also, new key fobs were installed for each office entrance offering a touch free experience.   

Throughout the workday, employees are protected with additional measures.  We’ve installed an HVAC Ultraviolent lighting system designed to kill viruses and upgraded the offices’ air-conditioning system by outfitting it with GPS NPBI technology which uses an electronic charge to safely clean the air inside the building.  We’ve also replaced all the air filters and are conducting daily cleaning of the office along with deep cleaning each evening. 

Our merchants likely didn’t notice a change in service throughout the past several months- and that’s thanks to our dedicated employees who remained focused and made the work from home experience seamless.  It’s exciting to have the team back together again but remember no matter where our desks sit, we are here for our merchants All the Way to Paid. ™

Working from Home Effectively as a Company

Segpay’s team has expanded to have offices in six countries around the world.  Managing remote teams is a big part of keeping Segpay’s business operating smoothly no matter what’s going on.  In Cathy’s latest XBIZ column, Segpay’s senior management team shares eight tips to help better manage your remote workforce.

“It is important to stay connected with your team, the more you talk to them the better and its so easy with the available tools these days like email, Skype, Zoom and instant messaging,” said Segpay CEO Cathy Beardsley.  “Talk to everyone, see what they need to be successful especially in uncertain times such as these.”

Learn more about how to best manage your remote workforce in times of crisis and beyond in the full column here.

Our New Merchant Portal is Here!

Segpay’s new merchant portal is now available for beta clients.  Users will find it easier to navigate with a crisp, modern look that showcases Segpay’s powerful functionality.  Our designers have been busy for months working to create the new merchant portal.  One of the most noticeable changes is the additional space found at the top of the pages. The benefit of this design change is that it offers more room for search results to be displayed in that area. To change your search, simply expand the section to see your search options again. Take a quick tour of the new portal. We’re confident you’ll find it much improved and designed with you in mind.  

To join our ongoing beta and try the new merchant portal contact your account manager or reach out to us at Sales@Segpay.com and we’ll get you started. 

The Chargeback Evolution

A wave of chargebacks could be headed toward the payment industry due to the Coronavirus pandemic.  According to VISA, in 2015 over 2.6 million chargebacks were initiated because cardholders didn’t recognize the transactions and nearly a quarter of them were related to digital goods. 

Five years later we are in the middle of a global pandemic and online transactions are up, everyone is turning to digital transactions.  In Cathy’s latest XBIZ column, Segpay’s team of experts breaks down some of the major changes in the drive to eliminate chargebacks and what they mean to you.

“Chargeback resolution services continue to evolve for all card brands,” said Segpay CEO Cathy Beardsley. “For example, Mastercard is now using the Ethoca Eliminator solution that aims to mitigate incoming friendly fraud disputes on the spot providing cardholders with instant access to real-time merchant intelligence the moment a call is made to a bank or an inquiry has been made through their desktop or mobile banking app.”

Learn more about the changes to VISA’s Merchant Purchase Inquiry Program, the card brand’s call types and instant reporting and how, just like magic you can to turn a chargeback into a refund by reading the full column here.

Update: New VISA Regulation

As we shared last week, the Coronavirus has impacted many aspects of the business world including upcoming changes to VISA’s Free Trial program.  VISA has announced it is going to move forward with new regulations of free trials or introductory offers to its clients beginning April 18th.  Segpay is ready to implement these updates and will have them in place. 

There is one aspect of the regulations that won’t be implemented for another year, the requirement of an additional description indicating that a “free trial” or “trial period” and a paid subscription is about to begin.  Segpay’s merchants will receive an e-mail notification seven days before a trial converts.  The effective date of this requirement is April 17, 2021. 

VISA Postpones Free Trial Update

VISA has decided to delay the implementation of its free trial update by three months because of the deadly Coronavirus.  Segpay CEO Cathy Beardsley recently explained the new VISA changes in her January 2020 XBIZ column.  The new regulation will apply to merchants selling either physical or digital goods and services through free trials or introductory promotions.

“This regulation will impact acceptance, disclosure, and dispute policies if your ongoing subscription or recurring agreement is different than the price or period the customer signed up for initially,” said Beardsley.  “It was designed to make canceling offers easier and make dispute rights clearer.”

Some changes include:

  • The email notification must include some specific disclosures such as the subscription agreement, the start date, details of the goods and services, ongoing transaction amount and billing frequency, and a simple method to cancel online (very little will change here for most merchants).
  • The descriptor for the first financial transaction will now have to include the word “trial.”
  • If the free trial or introductory promotion is over seven days in length, the consumer must be notified seven days before the next transaction is initiated.  They must also be provided with an easy method to cancel online.

Segpay has already implemented these updates but will wait to put them into place until July 17, 2020, the new date it will be required by VISA.  To read VISA’s entire free trial regulation click here.  If you have any questions we are happy to help, please reach out at Sales@Segpay.com.

VISA Postpones Free Trial Update

VISA has decided to delay the implementation of its free trial update by three months because of the deadly Coronavirus.  Segpay CEO Cathy Beardsley recently explained the new VISA changes in her January 2020 XBIZ column.  The new regulation will apply to merchants selling either physical or digital goods and services through free trials or introductory promotions.

“This regulation will impact acceptance, disclosure, and dispute policies if your ongoing subscription or recurring agreement is different than the price or period the customer signed up for initially,” said Beardsley.  “It was designed to make canceling offers easier and make dispute rights clearer.”

Some changes include:

  • The email notification must include some specific disclosures such as the subscription agreement, the start date, details of the goods and services, ongoing transaction amount and billing frequency, and a simple method to cancel online (very little will change here for most merchants).
  • The descriptor for the first financial transaction will now have to include the word “trial.”
  • If the free trial or introductory promotion is over seven days in length, the consumer must be notified seven days before the next transaction is initiated.  They must also be provided with an easy method to cancel online.

Segpay has already implemented these updates but will wait to put them into place until July 17, 2020, the new date it will be required by VISA.  To read VISA’s entire free trial regulation click here.  If you have any questions we are happy to help, please reach out at Sales@Segpay.com.

Spring-Cleaning Your Business

Love it or hate it, spring-cleaning is a necessary evil, something that should be conducted in your home and your business.  In Cathy’s latest XBIZ Column, the Segpay executive team shares the top four ways to develop and perform your business’s spring-cleaning plan.  By looking into the deepest corners of your company you could uncover a bundle of cash.

“It’s easy to hand out corporate credit cards to cover everyday business expenses but how often do you really review the purchases that are made on those cards and are you paying for things you no longer use,” asks Segpay CEO Cathy Beardsley.  “Thanks to a review done by our VP of finance, we were able to save over $20,000 per month.”

Learn how to spring clean your business with these tips here.