Earlier quoted context omitted.
I worked at a webcam pornography company (as a software engineer) a few years ago and honestly, I get it from the processors perspective. I wasn't privy to all the conversations, but I know at the time, some higher ups were toying around with the idea of basically building an entire in house payment processor to handle transactions. I think a lot of people think the processors are doing this out of some moral high gr…
The dispute rate is certainly true for companies under the general umbrella of “subscription services”, usually meaning porn / webcam sites, and there are trigger points where the payment processor will switch off a facility that exceeds a certain dispute volume. OF has been increasingly making use of step-up authentication to avoid disputes, which is the way the non-US payments industry is heading. My guess would be…
I think at the company I worked at most of what is in there around record keeping wouldn't have been a problem because there were laws that required the company to do that already.
The "pre-screening requirement" could be problematic though.
> All uploaded content must be reviewed prior to publication to ensure that it is not illegal and does not otherwise violate Mastercard’s standards
That one seems crazy. I have no idea how much content they get uploaded daily, but I would guess it's a massive amount. If they needed a human to view 100% of the uploaded content before it's allowed to be published... I just don't see how they could do that profitably.