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The real OnlyFans scandal is the unaccountable power of platforms and banks

theguardian.com

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Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#351

Post by inkblotuniverse »

rnd0 wrote: post #336
pjc50 wrote: post #52

Earlier quoted context omitted.

The external pressure in the US is coming mostly from evangelical Christians, who literally worship the divine Father figure.

It doesn't stop with the fact they worship "God, the father", either. It's also evident in the fact that they (hard-line conservative christians of all stripes; evangelical, catholic and others) are working to take away women's autonomy -in the form of sex work, in the form of reproductive choice and I doubt very much if they view female education and employment very favorably as well.

I can't wait for the fundamentalist-muslim alliance

Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#352

Post by inkblotuniverse »

kar5pt wrote: post #344
gadders wrote: post #239

Earlier quoted context omitted.

What about banning Proud Boy accounts or Gab/Andrew Torba?

That's an absurd false dichotomy. We don't need to choose between being okay with banks discriminating in all circumstances and discriminating in no circumstances. If you support banks serving the Proud Biys are you okay with them serving Jihadi terrorist groups and autocratic dictators? Porn isn't trying to establish a white ethnostate.

I'm fine with them serving jihadis so long as they serve the counter-jihadis!

Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#353

Post by inkblotuniverse »

tobylane wrote: post #347
willis936 wrote: post #14

Earlier quoted context omitted.

Sex workers are effectively a subset of women. I'm not sure if this qualifies as a protected class. My personal sense of justice leads me to think that there should be some amount of protection for any worker, even if the powers that be disagree.

Yes, though sex workers aren't workers of an employer, who give worker's rights. I'd like greater amounts of protection, but is requiring Visa and Mastercard to do business the right move?

Yes, they should be common carriers.

Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#354

Post by amai »

There are so many companies out there profiting from selling weapons, destroying the environment and misusing cheap labour in awful dictatorships. But these are issues the banks and payment platforms don‘t seem to care about at all. Where is the NYT article pointing out these issues?

Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#355

Post by ckdarby »

e9 wrote: post #339
ckdarby wrote: post #315

Earlier quoted context omitted.

This isn't the case across the entire industry. There is a large portion of customers who keep their CB ratios below the requirements of Visa & MCs. Hell, plenty of the customers in the industry could get it even lower but that runs the risk of leaving money on the table by turning away a potential customer that doesn't do a chargeback. There are some customers in the industry who run silly numbers like +10% and do "…

what is "mid burning" in this context? what do you expect % of charge backs to be for something like onlyfans? if you were to start a company in this field what would you use as a payment processor?

Mid burning is when a company will have many shell companies and just open up at many acquirers and knowingly will breach their chargeback ratio with the expectation that eventually their acquirer will shut them down but they don't care because they'll move onto another acquirer. This goes on until Visa/Mastercard blacklists them at the card level but these merchants don't care because everything is shells corps and structured that it looks like it has no ties to the parent corp.

I expect the CB ratio to be 0.7% if they're aggressive with not leaving money on the table and refund anything that looks like it'll give them bad press. If they're they're trying to keep it as low as possible I've seen the ability to operate at 0.3%.

CCBill & Epoch when I want to shift high risk liability. Rocketgate for everything else. Getting the processor is the easy part, finding an acquirer and getting a mid is much harder.

I have no advice on how to find an acquirer/getting a mid for high risk it is very much networking and knowing people club.

Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#356

Post by herbst »

pessimizer wrote: post #25

The reason the banks, and through the banks OnlyFans, attack sex is because they are accountable, and don't wish to take risks unless they are very profitable risks. The real danger of platforms and banks is how happy they are to censor for the government, or simply the loudest, richest mouth, in order to keep the profit flowing. If you want to fix it, you put in legal protections for people to do business, rather th…

You can't sell dildos with most credit card providers and PayPal. That has nothing to do with risk, I am allowed to resell cheap China stuff with a much higher return rate than the average dildo shop

Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#357

Post by herbst »

theelous3 wrote: post #60

As far as I was aware, the main reason banks don't want to deal with porn is the huge rate of chargebacks that occur. Post nut clarity is apparently a financial problem.

What about sex toy shops? As small provider selling selected sex toys you constantly face a PayPal and stripe (or whatever) ban. IMO it makes no sense.

Or a portal for prostitutes to advertise their services. I tried forever to find a way to charge CC or PayPal but it's impossible without a huge existing volume. These providers basically enforce a monopoly on this market. Even thought it is completely legal here.

For me the US is enforcing their moral believes on us. In my culture this differentiation does not make sense

Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#358

Post by campl3r »

ashtonkem wrote: post #51
pessimizer wrote: post #25

The reason the banks, and through the banks OnlyFans, attack sex is because they are accountable, and don't wish to take risks unless they are very profitable risks. The real danger of platforms and banks is how happy they are to censor for the government, or simply the loudest, richest mouth, in order to keep the profit flowing. If you want to fix it, you put in legal protections for people to do business, rather th…

The issue is that the banks all move in lock step, undermining the basic principle of the free market. If one bank decides it doesn’t want to deal with porn, fine. But when all the banks decide that, that’s very very bad. The cumulative effect is a chilling of protected speech in a way that congress could never legally get away with.

that's because banking isn't a free market at all, it's tightly regulated.

Re: The real OnlyFans scandal is the unaccountable power of platforms and banks

#360

Post by archildress »

bufferoverflow wrote: post #311
archildress wrote: post #84

Earlier quoted context omitted.

There are compelling alternatives for many of the platforms you mention; what was happening to OF amounted to a complete disqualification from infrastructure.

There are no popular alternatives to Youtube and Twitter. The number of users is important, and they have monopolies on the user base. Learn about network effects.

I'm sorry but your analogy just doesn't work.

If you're de-platformed from YouTube, Facebook, etc, you can still publish your content and share it. You have a distribution issue, you don't have an "ability to perform" issue.

If you're locked out of the banking system, your business is done. You lack transactional alternatives.

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