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Why should payment processors force them to. They will make less money
Probably the reputational risk to them from being associated with porn is not worth whatever OnlyFans brings in.
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Why should there be? It seems absurd to MANDATE anyone participate in the sex trade. There are payment processors who specialize in adult content.
You know how US Dollars say “This note is legal tender for all debts” on them? It seems to absurd to allow companies with an oligopoly on most of the transfer of those notes to pick and choose what sectors are appropriate for citizens to interact with financially.
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It's not like they have a choice. Their business was only ever viable at the behest of their payment provider. The reason no one has made an OnlyFans before, and the reason why people have tried and failed, entirely comes down to this.
How do sites like Pornhub get paid then? Why can't OnlyFans switch to whatever provider they use?
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It's not like they have a choice. Their business was only ever viable at the behest of their payment provider. The reason no one has made an OnlyFans before, and the reason why people have tried and failed, entirely comes down to this.
How do sites like Pornhub get paid then? Why can't OnlyFans switch to whatever provider they use?
At the moment I'm pretty sure they don't. At least, not via card-based payment systems.
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It's not like they have a choice. Their business was only ever viable at the behest of their payment provider. The reason no one has made an OnlyFans before, and the reason why people have tried and failed, entirely comes down to this.
How do sites like Pornhub get paid then? Why can't OnlyFans switch to whatever provider they use?
https://bravenewcoin.com/insights/pornhub-crypto-news
from february
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Probably the reputational risk to them from being associated with porn is not worth whatever OnlyFans brings in.
not sure why you're getting downvoted, this is textually what is said
I have a fair number† of friends and acquaintances who have OnlyFans. Some for side income, some for a substantial portion of their livelihood. And to see that get taken away because the payment processors want them to fall in line…I guess I’m on the crypto train now.
†Yes, I have a slightly strange life, I know.
So, serious question because I know very little about OnlyFans other than the general knowledge flowing around the internet: What does this leave of the site? Because my impression was certainly that this was the purpose of the site.
So, serious question because I know very little about OnlyFans other than the general knowledge flowing around the internet: What does this leave of the site? Because my impression was certainly that this was the purpose of the site.
mounting pressure from banking partners and payment providers HN is often sceptical about use cases for crypto beyond speculation. This looks like one.
If you make basic payment processing for services criminal, then, by definition, cryptocurrency's primary use case is for criminal activity.