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PayPal stops payouts to models on Pornhub

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Re: PayPal stops payouts to models on Pornhub

#561

Post by Corrado » Fri, Nov 15, 2019, 8:50 AM UTC

xtracto wrote: post #277

linuxhansl wrote: post #123

Whatever you might think of the various professions... As long as it is legal, it seems the major payment service providers should not pass on their moral code onto everybody else. What's next? You get no water/power/whatever if you run a business that the service providers simply do not agree with?

The problem for those providers is often not their own morals per se. But the fear of being related to certain verticals. This oftentimes has a real impact on lost deals from other companies that do have a moral judgment and wont do business with you if you are related say to marijuana selling companies.

In that case, wouldn't this be a great opportunity to start a payment processor that (mainly) deals with these "fringe" verticals? What's stopping someone from creating MoralPay (or whatever) that accepts all money from adult entertainment, dispensaries, etc. From what I understand there is a huge market for processing legal monies from these types of businesses, especially dispensaries.

Is it too difficult in 2019 to start a payment processor? Is there some legal requirement that is preventing it? Some people said that creating a new car company in today's market would be impossible (too many regulations, expense, etc.) but Tesla seems to be doing pretty well. Is there a "Tesla" for the payment processing industry?

Re: PayPal stops payouts to models on Pornhub

#562

Post by tiku » Fri, Nov 15, 2019, 8:54 AM UTC

It really sucks if your money is being seized. I'm now in a situation at MisterTango where they froze my assets because i need do show where my bitcoin money came from. The power they have over you is so great, it really makes you sick.

Re: PayPal stops payouts to models on Pornhub

#563

Post by mola » Fri, Nov 15, 2019, 8:55 AM UTC

noobermin wrote: post #517

Bombthecat wrote: post #513

Earlier quoted context omitted.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

Which further highlights how many "problems" that tech people in the US have tried to solve (transit->uber, various health care start-ups, etc) are essentially due to the failure of the US state to function properly or even focus on the right thing.

Yup, it seems US citizens pay crazy amount of hidden tax because of inefficiencies caused by fanatical anti government propaganda. This isn't only about freedom it's about keeping power in certain hands.

Too bad it's being exported everywhere

Re: PayPal stops payouts to models on Pornhub

#564

Post by jotm » Fri, Nov 15, 2019, 8:56 AM UTC

egeozcan wrote: post #524

Bombthecat wrote: post #513

Earlier quoted context omitted.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

I'm living in Germany, the bank account of my neighbor in Commerzbank was closed because he wrote "hooker money" in description when sending money to one of his friends. At least that's what we believe because they refused to explain why. He could easily open another account in Volksbank and according to him, when the new account manager asked and learned why his previous account was closed, they had a pretty good la…

But even paying a hooker would be legal in Germany?

Re: PayPal stops payouts to models on Pornhub

#565

Post by pgeorgi » Fri, Nov 15, 2019, 8:57 AM UTC

egeozcan wrote: post #524

Bombthecat wrote: post #513

Earlier quoted context omitted.

Forbidden in germany. There is literally a law, which basically says: everyone needs to have and is allowed to have a banking account.

I'm living in Germany, the bank account of my neighbor in Commerzbank was closed because he wrote "hooker money" in description when sending money to one of his friends. At least that's what we believe because they refused to explain why. He could easily open another account in Volksbank and according to him, when the new account manager asked and learned why his previous account was closed, they had a pretty good la…

The law in question was established in 2016 and it calls for a special type of bank account ("Basiskonto") to be made available to all[0]. So the story could predate the law or (which is quite likely) the account might be a regular account, not the fallback.

[0] Conditions apply: A bank isn't forced to do business with somebody who defrauded them in the last 3 years, for example. But the decision must be made timely (10 days), it must be explained and there's a well-defined path to legal review. Details at https://www.bafin.de/DE/Verbraucher/Bank/Produkte/Basiskonto...

Re: PayPal stops payouts to models on Pornhub

#566

Post by jotm » Fri, Nov 15, 2019, 9:00 AM UTC

tluyben2 wrote: post #528

IAmGraydon wrote: post #420

Earlier quoted context omitted.

Checking accounts or merchant accounts? Most banks shy away from processing credit cards for adult sites because the chargeback rate is sky high and it therefore presents elevated risk. It has nothing to do with discrimination.

Or just fix that system; here (EU) it is not all that easy to chargeback (and impossible in many cases) because payments are secured; if you yell fraud, they will start an investigation (mostly automated); if the IP you paid from was around your house, you filled in correct info, you did 3dsecure (which is used on all my cards now; I had a few that did not have it and they got frauded, but a simple check showed it co…

Thankfully I've had better chargeback experiences with EU banks. I've only requested chargebacks on products I've not received, and provided my attempts to communicate with the seller. Always got my money back, but was blocked from buying from that merchant again (not that I'd try it after the bad experience).

Re: PayPal stops payouts to models on Pornhub

#567

Post by blkhawk » Fri, Nov 15, 2019, 9:03 AM UTC

jotm wrote: post #564

egeozcan wrote: post #524

Earlier quoted context omitted.

I'm living in Germany, the bank account of my neighbor in Commerzbank was closed because he wrote "hooker money" in description when sending money to one of his friends. At least that's what we believe because they refused to explain why. He could easily open another account in Volksbank and according to him, when the new account manager asked and learned why his previous account was closed, they had a pretty good la…

But even paying a hooker would be legal in Germany?

yes, why wouldn't it be?

Re: PayPal stops payouts to models on Pornhub

#568

Post by stiray » Fri, Nov 15, 2019, 9:06 AM UTC

aazaa wrote: post #135

Financial deplatforming is a monster, long-term trend to watch over the next decades. Deplatforming happens with sex workers. It also happens in the US marijuana industry. It happens with perfectly legal political content. The number of ways in which someone, somewhere will be offended by products or services for sale is growing, driven by a rapidly improving worldwide communication network and delivery system, and b…

This practice is getting seriously annoying in scope of current events like google going into banking bussiness. One part are privacy applications but even worse is that suddenly pulling the application from play store using aurora (3rd part app for those that dont want google mobile services spyware on the phone) could cost you bank account which google will surely tie to google account. This is not good, we are beeing pulled to distopia at progressing rate.

Re: PayPal stops payouts to models on Pornhub

#569

Post by jotm » Fri, Nov 15, 2019, 9:06 AM UTC

blkhawk wrote: post #567

jotm wrote: post #564

Earlier quoted context omitted.

But even paying a hooker would be legal in Germany?

yes, why wouldn't it be?

So that couldn't have been the reason for account closure, I meant :)

Re: PayPal stops payouts to models on Pornhub

#570

Post by keymone » Fri, Nov 15, 2019, 9:09 AM UTC

codexon wrote: post #456

xur17 wrote: post #449

Earlier quoted context omitted.

> If they decide they want to buy from random website Z one day, making a lightning network connection between themselves and that website will be useless because establishing a lightning network connection needs to go on the regular slow block chain, so it'll take as long as a regular payment. The "network" part of lightning network allows you to make a payment to anyone else on the network (trustlessly) through mul…

So what happens if you aren't linked even indirectly? What if the trust chain is 20 users long? Who's going to spend the resources to find this chain? And has it been tested to scale, or is it just like Bitcoin in the early days where people said it would scale and never tested it? People are going to gravitate to putting all their money into a large exchange like Coinbase to avoid these problems.

There is no trust chain. You have no idea how lightning works.

Every hop only knows the previous and next one, nothing else, not even the length of the chain.

Your computer/phone finds the route and if you’re ok with privacy trade off you can outsource this task to your hub for a fee in single satoshis.

People are going to gravitate towards convenient solutions making all sorts of security, privacy and financial risks, that’s why it’s important to have multiple alternatives with different trade offs.

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