Seems like there has to be a tipping point coming soon where stuff like monero will start to make sense for "normal" people.
Kickstarter is forced to ban adult content by payment processors
151–160 of 315 posts
Re: Kickstarter is forced to ban adult content by payment processors
#152Re: Kickstarter is forced to ban adult content by payment processors
#153Earlier quoted context omitted.
US federal laws mandate chargebacks as a consumer protection mechanism, primarily through the Fair Credit Billing Act (FCBA) of 1974 and Regulation Z of the Truth in Lending Act (TILA)
Why does this not apply to payment methods like Zelle?
Zelle is (in effect) a wire transfer - there is no "credit" (meaning "borrow now, pay later") for that law to apply.
Re: Kickstarter is forced to ban adult content by payment processors
#154Earlier quoted context omitted.
> Those bills are the reasons banks/credit card companies are pushing this since it holds them liable. You are either misreading those bills or confusing them with other similar bills which did target banking infrastructure (and which thankfully did not pass). FOSTA/SESTA did increase liability for platforms, but the applicability of those laws to this specific case is minimal to nonexistent.
Banks didn't do this before 2018 as aggressively. Reputational stuff is always been there and chargebacks have always been there. This law is why they've been so aggressive over the last few years. There's nothing else that has changed
> This law is why they've been so aggressive over the last few years. There's nothing else that has changed
There is so much that has changed! If you think FOSTA/SESTA are the only thing that have changed, you're clearly not up to date on this topic!
> Banks didn't do this before 2018 as aggressively
Because after FOSTA/SESTA passed in 2018, the groups that lobbied for it started targeting financial infrastructure as the front in their war. This is not some secret; they've been very open about it and their lobbying efforts have been extremely well-documented.
Re: Kickstarter is forced to ban adult content by payment processors
#155Earlier quoted context omitted.
US federal laws mandate chargebacks as a consumer protection mechanism, primarily through the Fair Credit Billing Act (FCBA) of 1974 and Regulation Z of the Truth in Lending Act (TILA)
Why does this not apply to payment methods like Zelle?
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Re: Kickstarter is forced to ban adult content by payment processors
#156Why 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…
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Re: Kickstarter is forced to ban adult content by payment processors
#157Earlier quoted context omitted.
I think the pressure is just coming from behind the scenes. The religious right knows many of their views are unpopular so they don't act in the open. They find underhanded ways to force their views onto us. Abortion bans wouldn't survive a simple up and down vote in almost any state, yet abortion bans are happening across the country. The religious right really has their claws into this administration, and the far r…
October 2021, Mastercard unilaterally imposes additional constraints on adult sites: https://www.commercegate.com/mastercard-issued-an-updated-se... August 2021: OnlyFans CEO Blames Porn Ban on 'Unfair Actions' of Banks, Media: https://www.pcmag.com/news/onlyfans-ceo-blames-porn-ban-on-u... April 2024: Japanese Adult content platform DLsite disables Visa/Mastercard payment after attempt to outsmart credit card compan…
Literally all of those happened within the past 5 years. DLsite had been operating for a long time taking credit cards before that happened.
It is actually a relatively new thing, and it is from religious groups lobbying and gaining more political power.
Re: Kickstarter is forced to ban adult content by payment processors
#158I feel like if you’re going to write an article like this, you should at least engage with why it’s happening. Maybe deep down for some of the participants it’s a kind of moral thing, but mostly this is because payments for NSFW/porn stuff are dramatically more expensive. All of the “stuff” payment processors are doing is harder for NSFW/porn content, so that’s the main reason the processors want these companies to s…
How is it more expensive? Because it cost more to check that my CC wasn't stolen when I buy NSFW? Or because there are more chargeback?
Chargebacks. "Oh, honey, I don't know how that got there. A hacker must've stolen my card! I'll call the bank immediately!" Worked in the adult industry and traditional e-commerce. It's a perennial problem.
Re: Kickstarter is forced to ban adult content by payment processors
#159Earlier quoted context omitted.
Yes, that is exactly what is happening.
I thought the Jews were creating pornography to keep gentile men down. Now they're also preventing access to pornography? Don't tell me they're responsible for Bolshevism and Capitalism!?! Damn, they don't call it the socialism of fools for nothing.
Have you considered that different people have different beliefs, or do you just think everyone who disagrees with you is just one person who thinks the same thing?
Re: Kickstarter is forced to ban adult content by payment processors
#160Earlier quoted context omitted.
For specifically sexually explicit stuff, it's because chargebacks are __significantly__ higher for these types of purchases. High enough that it messes with the credit and counterparty risk modeling that processors use. You can use your imagination to come up with many reasons these result in more chargebacks than normal purchases. Theoretically, they could just split out "explicit" vs "normal" risk categories, but…
> You can use your imagination to come up with many reasons these result in more chargebacks than normal purchases. No I can't. Can you elaborate?
The canonical example is person A buys some risque item, their partner sees the credit card statement says "what is this?", so then person A denies they made the purchase (because they are embarrassed), says it must be fraud, so then it gets charged back on the credit card.