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Payment processing in online adult entertainment already was a crowded arena when Payoneer.com decided to toss its hat into the ring not long ago. The competition was beyond stiff. It was stifling. Established giants like CCBill and several other companies seemed to have a stranglehold on the marketplace and even their executives complained of the shrinking opportunities, not to speak of the constant pitfalls that come with this kind of business — recalcitrant credit card companies, angry banks and customer fraud. So why did an established mainstream processor like Payoneer take the plunge?
