Damaging the porn industry AND promoting crypto? Christmas came early.
PayPal stops payouts to models on Pornhub
81–90 of 802 posts
Re: PayPal stops payouts to models on Pornhub
#82Re: PayPal stops payouts to models on Pornhub
#83Earlier quoted context omitted.
Stripe won't touch adult content, I've tried (chargeback ratio is very high, I don't blame them). Very hard to find processors who will work with adult content of any sort. The real problem is that person to person money transfers shouldn't be prohibited unless by law. Perhaps Pornhub, in the US at least, could use something like Zelle to mediate transfers between patrons and performers (using their bank account to m…
I think this is a US thing. I've tried to do chargebacks before in Europe because a website wouldn't stop billing me, and was told the only thing I could do is cut up the card and get issued a new one.
Chargebacks happen after the fact; they won't prevent the same merchant from charging you again in the future. (You can, of course, issue a chargeback on those payments as well)
Re: PayPal stops payouts to models on Pornhub
#84I’m the last person to jump on the bitcoin bandwagon, but this is one case where I think it’s warranted.
Nothing better than receiving your salary in a token with huge minute-to-minute volatility.
Crypto replaces a major painpoint (chargeback, getting 0% of your money) with a minor painpoint (volatility, losing or gaining There are other cryptocurrencies (eg Tether) that follow USD (eg 1 Tether is almost always equal to $1.00 USD), to avoid issues with volatility.
I guess another issue is that you'd have to pay taxes on any gains/losses between receiving your crypto and cashing it in for USD, and that would be pretty annoying to calculate manually.
I'm not the biggest fan of crypto but I think it actually solves this problem pretty well. There are probably other solutions too though (like only accept debit cards / payment methods that can't be charged back).
Re: PayPal stops payouts to models on Pornhub
#85Re: PayPal stops payouts to models on Pornhub
#86A 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 plenty of porn friendly payment providers. They just cost a lot of money relative to "normal" merchants because of a few simple reasons: 1) Chargebacks -- people chargeback the shit out of these kinds of transactions. Significant other sees the bill, gets pissed / confused about the charge / whatever and gets it charged back. 2) Fraud -- people use stolen CC's to pay for this kind of thing. 3) Porn operator…
> Porn operators are, as a whole, rather shady themselves and present their own set of risks to a payment provider. A lot of those chargebacks in #1 are actually valid chargebacks.
...is there a logical reason for this?
Re: PayPal stops payouts to models on Pornhub
#87I’m the last person to jump on the bitcoin bandwagon, but this is one case where I think it’s warranted.
> this is one case where I think it’s warranted How will you deal with fraudulent / sketchy site operators scamming people into sending them money via irreversible payment channels?
How do you avoid any fraud? Reputation. Don't send money to sketchy people.
It should be noted that Europe runs on SEPA payment system that has irreversible transactions. It's not that much of a problem.
Re: PayPal stops payouts to models on Pornhub
#88Earlier quoted context omitted.
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.
It's always Restaurant from my experience, but it's not like you can pay for dances with your credit card. Just food and drinks.
I mean, not with that attitude
Re: PayPal stops payouts to models on Pornhub
#89A 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 plenty of porn friendly payment providers. They just cost a lot of money relative to "normal" merchants because of a few simple reasons: 1) Chargebacks -- people chargeback the shit out of these kinds of transactions. Significant other sees the bill, gets pissed / confused about the charge / whatever and gets it charged back. 2) Fraud -- people use stolen CC's to pay for this kind of thing. 3) Porn operator…
Are there porn-friendly payroll providers?
Re: PayPal stops payouts to models on Pornhub
#90Earlier quoted context omitted.
There are plenty of porn friendly payment providers. They just cost a lot of money relative to "normal" merchants because of a few simple reasons: 1) Chargebacks -- people chargeback the shit out of these kinds of transactions. Significant other sees the bill, gets pissed / confused about the charge / whatever and gets it charged back. 2) Fraud -- people use stolen CC's to pay for this kind of thing. 3) Porn operator…
> Porn operators are, as a whole, rather shady themselves and present their own set of risks to a payment provider. A lot of those chargebacks in #1 are actually valid chargebacks. ...is there a logical reason for this?
At a guess, people are less likely to make a fuss about fraud when they're embarrassed to admit they were trying to buy such things.