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Earlier quoted context omitted.
I’ve heard this is apparently less about morality and more about payments getting contested by men getting caught by their spouses
I don't have any data on this, so don't quote me on it at all, but this feels more like an excuse made up by paypros than an actual good explanation.
Question: what prevents an organisation like Kickstarter from using more than one payment processor, including the ones used by actual porn companies?
The fact that if they don't ban it, Visa and Mastercard will blacklist them and they have 99% of the market share.
Question: what prevents an organisation like Kickstarter from using more than one payment processor, including the ones used by actual porn companies?
Why payment processors do it? Why people in America do not want to earn more money from commissions? Strong church lobby? Legal risks? I think its mostly religious groups who who are against adult content and sex, or there are other groups? Also this is why we should work to increase circulation of cryptocurrency. No stupid religious restrictions and stupid political sanctions. Also why PornHub and OnlyFans are immun…
The payment processors say the reason is high fraud and charge-back rates in those industries that make it unprofitable to service. I don't know if this is true or an excuse. Either way, its an excellent reason why this critical infrastructure shouldn't be under corporate control.
Circumventing payment processors bending the knee to puritanical pressure is why God must have created bitcoin.
Earlier quoted context omitted.
The payment processors say the reason is high fraud and charge-back rates in those industries that make it unprofitable to service. I don't know if this is true or an excuse. Either way, its an excellent reason why this critical infrastructure shouldn't be under corporate control.
Well that is fair point, but cannot they just increase the commission to cover them? Also I think it is weird that when someone steals a bank card, they use it to buy adult games instead of buying an iPhone or MacBook and shipping it to the third world country.
Earlier quoted context omitted.
The actual answer: hedge fund manager Bill Ackman. https://www.institutionalinvestor.com/article/2bswuu1nfc040h... & https://finance.yahoo.com/news/visa-suspends-payments-for-ad... > But he was friendly with Mastercard’s then-CEO Ajay Banga, whom he had met through a mutual friend. Ackman texted Banga, providing a link to Kristof’s story with his tweet: “Amex, VISA and MasterCard should immediately withhold payments…
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Why payment processors do it? Why people in America do not want to earn more money from commissions? Strong church lobby? Legal risks? I think its mostly religious groups who who are against adult content and sex, or there are other groups? Also this is why we should work to increase circulation of cryptocurrency. No stupid religious restrictions and stupid political sanctions. Also why PornHub and OnlyFans are immun…
Info on its conservative lobbyist leader, their extreme views and hypocrisies: https://www.reddit.com/r/Steam/s/1FHaaaIs6T
As for why they do it?
Because conservative Christian lobbying is a lucrative grift: https://youtu.be/ms26YefUNds?si=3KLCj1RALES3aKDT
The owner runs a for-profit speaking engagement business alongside the registered charity. Many such people get into right wing politics without necessarily holding real conviction for the causes because it’s an easy way to get lots of money.
It’s kind of like the market for drill music - fans love the stories of gang violence and aura of lawlessness, so artists will exaggerate and pretend or even foment actual violence so the market buys the product they’re looking for regardless of authenticity. The fans form the artists because of what they finance. The result is a product of the fandom more than a reflection of the artists true selves, though it relies on preserving the deception of extreme authenticity.
A similar American lobbyist group is Moms for Liberty. They’re funded by a billionaire and groups like the Heritage Foundation, the ones behind Project 2025.
So who is pressuring the processors?
Stripe (their payment process) will service adult content sites. It's not actually banned, but if your business is involved in categories with high chargeback rates (travel, gambling, cryptocurrency, vaping, adult content) you have to pay higher fees to account for the higher fraud rate in those categories https://stripe.com/ie/resources/more/high-risk-merchant-acco...
it's really asinine how stripe decides what is and what isn't allowed.
(see also: "oh, you linked your stripe to ko-fi? banned forever!" happened to me, it'll happen to you!)