Sounds like Vice Ventures ought to fund a payment startup: https://news.ycombinator.com/item?id=21538235
PayPal stops payouts to models on Pornhub
41–50 of 802 posts
Re: PayPal stops payouts to models on Pornhub
#42Re: PayPal stops payouts to models on Pornhub
#43Bitcoin will solve this problem.
Not until it's near as stable as the dollar it won't.
Re: PayPal stops payouts to models on Pornhub
#44Earlier quoted context omitted.
The issue here is that it needs to be easy for a person viewing their credit card bill to know that they paid for something... and not be super weird. I had a buddy who nearly did a chargeback against a club that put "E 11 EVN" on his bill... name is Eleven Club.
Most strip clubs do something like "Sully's Steakhouse" . edit....or so I'm told :)
Have they set the MCC to Restaurant too? I have to imagine that triggers bonus categories for dining on credit cards, like the 4X on the Amex Gold and 3X on Sapphire Reserve. That's a heck of a bonus category haha.
Re: PayPal stops payouts to models on Pornhub
#45Earlier quoted context omitted.
My hunch is that would incur unwanted liability from FOSTA-SESTA [1]. Producing content and paying talent out directly is fairly straightforward for adult entertainment. There be dragons if you're attempting to build a marketplace to do something similar. "The Stop Enabling Sex Traffickers Act (SESTA) and Allow States and Victims to Fight Online Sex Trafficking Act (FOSTA) are the U.S. Senate and House bills that as…
"The land of the free"
There's a certain value to striving to be free from sex trafficking.
Re: PayPal stops payouts to models on Pornhub
#46A contributor once wrote on hn about the huge market for a porn friendly payment system. Key feature, must not look suspicious on credit card bill...
There are a lot of porn friendly payment systems. The big issue is chargebacks and fraud.
Re: PayPal stops payouts to models on Pornhub
#47I'm working on a decentralized app to remedy these type of moves by big payment processors. The new flow I suggest is: BTC -> Coinbase -> PayPal. Withdrawals are instant & only subject to standard fees. The can funds can also be instantly converted to cash, via the PayPal Business Debit Card. References: [1] https://blog.coinbase.com/instant-paypal-withdrawals-now-ava... [2] https://support.coinbase.com/customer/port…
If I remember rightly. Coinbase bans porn-related payments just like PayPal.
Re: PayPal stops payouts to models on Pornhub
#48A chilling effect on free speech. Real alternatives to paypal and credit cards need to enter the market. It sadly looks like my favorite hope is still not ready, but I am hopeful that this is due to slow and careful development that will lead to a stable long term outcome. https://taler.net/en/faq.html
> Real alternatives to paypal and credit cards need to enter the market. They already have. They're called cryptos. [edit]: judging by the downvotes, looks like the sheep instinct is strong on HN
Cryptocoins aren't practical enough (yet?) to rely on completely for stuff like this. If the flow has any more friction than "payer enters their credit card info once, then agrees to send a value; payee receives it in their bank account at a set time and can immediately use it to buy groceries", it's going to seriously affect some people's incomes.
I'm not downvoting you for that, FYI, but I am downvoting you for the smug edit.
Re: PayPal stops payouts to models on Pornhub
#49I'm working on a decentralized app to remedy these type of moves by big payment processors. The new flow I suggest is: BTC -> Coinbase -> PayPal. Withdrawals are instant & only subject to standard fees. The can funds can also be instantly converted to cash, via the PayPal Business Debit Card. References: [1] https://blog.coinbase.com/instant-paypal-withdrawals-now-ava... [2] https://support.coinbase.com/customer/port…
Why not just exchange btc/eth and leave the headache away? Pornhub should move to btc - at least they'll educate some population about cryptocurrency/how to use it. There are many ways to move money in/out, I think one of no fee paths is via bybit (just network fees).
Re: PayPal stops payouts to models on Pornhub
#50Bitcoin Cash to the rescue!