"Aggressive Card Action" Prompts PornCash.com Closure

Adult Webmaster affiliate program PornCash.com has shut down operations, with the company citing "a struggle to maintain banking relationships" and "aggressive action" taken by some card associations as the reason for the April 2 closure.

But the company did say its people were working on an as-yet unnamed new project, a new Web business to be released "in a few weeks."

PornCash.com said all final Webmaster payments have been dispatched. The PornCash.com Website is closed down completely except for login functions for statistics functioning for a short time to let Webmasters review their payouts over the past few years, but the remainder of the Web pages will be gone quickly, the company said.

"I must say at this point that all of us at PornCash are immensely disappointed," a company worker said in a message dispatched to a few adult Webmaster discussion boards. "We built a business worth in the order of 50 million dollars and worked very hard to keep it going. In the end we have lost the lot because of a break down in what should be the most fundamentally stable part of any business - the ability to bank money from customers."