351–360 of 1001 posts
It sure sounds like this was forced on them by their payment processors, not that this was a voluntary move. https://twitter.com/danprimack/status/1428420774449266691?s=...
But sounds like OnlyFans could have complied with verification requirements, like PornHub had done?
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I had a friend who ran a “sexually explicit” site you’ve heard of. He was paying north of 25% to payment processors (compare to less than .2% restaurants pay…though his margins were much bigger). The payment processors take this attitude because that way they can tell congress they are “doing something about vice”, and in exchange not be subject to undesired regulations. I suspect this kind of soft pressure is being…
Seems like a business opportunity for someone to build a Stripe for vice businesses. Question I know nothing about is besides being stigmatized, do these industries have higher fraud rates? Pretty sure credit card companies won't let you "chargeback" stripe clubs as fraud even if it wasn't you.
Of course you can. If your wallet was stolen and the perp went to the champagne room at a strip club, you would not be liable for it. The strip club knows that as well so the onus is on them to actually check that the ID matches the person and the card.
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> Reddit seems to have resisted whatever calls it must be getting to eliminate porn Not entirely. They purged all NSFW subreddits from the r/all and r/popular meta subreddits. They also go on a purging binge whenever a remotely taboo subreddit makes the news.
What "remotely taboo" subreddits were banned after making the news? The ones I recall weren't "remotely", they were "extremely". As in, sexual images of children, pictures taken of women without their knowledge, legitimate hate subreddits, ones dedicated to spreading misinformation re: COVID, etc.
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Remember this next time people start pushing going cashless. Doing so means that a third party is involved in every transaction you make, and that someone else will always have veto power over your commercial transactions.
That’s an excellent point. Having an electronic alternative to cash would be amazing, but so far there’s nothing close to it with respect to privacy and freedom.
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Adult content usually has a high charge back rate. “What? How did this get here? My card must’ve been stolen” when the spouse sees the statement.
IDEA: Master/Slave-Card, available in Black or Brown just chargeable with crypto or cash max amount 300$ no address needed, if lost, your problem.
I can understand the business reasons for cleaning up the OnlyFans brand. But I can't, for the life of me, understand why they are killing a cash cow instead of spining it off into a side business. Clone the full experience on a dedicated site, OnlyFantasy.com, duplicate the whole userbase, and give a simple warning that I can find my favorite stars on another site. In time, the user bases will diverge naturally depe…
> Starting in October, the company will prohibit creators from posting material with sexually explicit conduct on its website [...]. They’ll still be allowed to put up nude photos and videos, provided they’re consistent with OnlyFans’ policy. So nude is OK but it may not sexually explicit? That seems like a very fine line to walk, with much associated drama.
It sure sounds like this was forced on them by their payment processors, not that this was a voluntary move. https://twitter.com/danprimack/status/1428420774449266691?s=...
The fact that OF is not all in on crypto payments is a massive indictment of crypto as a payment mechanism.
Earlier quoted context omitted.
I had a friend who ran a “sexually explicit” site you’ve heard of. He was paying north of 25% to payment processors (compare to less than .2% restaurants pay…though his margins were much bigger). The payment processors take this attitude because that way they can tell congress they are “doing something about vice”, and in exchange not be subject to undesired regulations. I suspect this kind of soft pressure is being…
Seems like a business opportunity for someone to build a Stripe for vice businesses. Question I know nothing about is besides being stigmatized, do these industries have higher fraud rates? Pretty sure credit card companies won't let you "chargeback" stripe clubs as fraud even if it wasn't you.