Ask HN: How does onlyfans.com work around the “no porn” Stripe rule?

Post by CarbyAu » Thu, Aug 27, 2020, 11:49 PM UTC

zamfi wrote: post #150

disillusioned wrote: post #115

Earlier quoted context omitted.

The inverse of this. Here's their exact, hilarious wording: >Our banking partners recently notified us that they are no longer willing to support the sales of realistic sex toys. I understand that your products were designed to depict the body parts of mythological and fantastical creatures, and we have indicated this to our banking partners in an effort to advocate for continuing to support your business here on Str…

I have no skin in this game, but I have to wonder who is making these decisions and what their thought process is. What is the threat model, exactly? What eventuality is the bank seeking to avoid? Are there edge-case regulatory issues at play? Are there moral-consumer groups out there that run public pressure campaigns against banks that transact on adult toys that look too realistic? Is a corporate lawyer somewhere…

Post by telaandrews2 » Thu, Aug 27, 2020, 11:51 PM UTC

lovegoblin wrote: post #104

disillusioned wrote: post #87

Cascading payments might be the real answer, and shuffling higher risk charges to non-Stripe providers, but in my experience, Stripe can get pretty moralizing pretty quickly. We built an adult ecommerce site (purely toys for purchase, no porn) and because other adult toy sites had been successful on Stripe, Stripe assured us this wouldn't be a problem. Six months and several million dollars processed later, Stripe in…

Unfortunately exactly 0% of this story surprises me. > That processor sucks and their fraud protections are weak and their interface is garbage I have three guesses and they're all CCBill.

Post by frankdenbow » Thu, Aug 27, 2020, 11:56 PM UTC

Post by vilifiedtwin » Fri, Aug 28, 2020, 12:00 AM UTC

fooey wrote: post #98

techsin101 wrote: post #65

Earlier quoted context omitted.

loading across multiple providers won't alter the chargeback ratio so what is the point?

Chargeback ratio's are per account, but also have a minimum absolute threshold. So it's say, 2% chargeback AND at least 200 chargebacks before penalties kick in. In a past life I worked for a place who had a few hundred processing accounts to load balance it all out because their chargeback rates were way too high. If an account gets close, you just don't use it for a month, or you throw a bunch of "safe" recurring c…

Post by areoform » Fri, Aug 28, 2020, 12:08 AM UTC

sandworm101 wrote: post #159

fpgaminer wrote: post #143

Earlier quoted context omitted.

Thank you for sharing your experience. It absolutely disgusts me the power that payment processors have over businesses. The sooner that industry is dismantled and made agnostic the better. I remember watching some BDSM website's documentary where they talked about how their payment processor dictated the kind of content they were allowed to make. It boggles my mind that people are okay with that. I also find it surp…

>> _help_ the sex industry thrive There are dark sides. It is not the friendly industry oft portrayed. It is an industry that thrives on the young and naive. It is regulated because it needs to be. Most common complaint heard by lawyers in the field: "I did the shoot, the movie is on the website, but I haven't been paid." Followed worryingly by: "They said I had to because I had signed a contract." The advice I give…