alt Hacker NewsStripe (their payment process) will handle adult content payments. It puts the account into the high risk category due to the high rate of fraud in those categories.
There's no actual evidence in the article that payment processors made them do it. They actually banned pornography long before this. They just updated the terms to clarify what counted as pornography.
> Also this is why we should work to increase circulation of cryptocurrency.
Cryptocurrency actually does avoid this problem because it doesn't allow chargebacks and the consumer has to foot the bill for transaction fees. Those are also the reasons why consumers don't like it.
> Also why PornHub and OnlyFans are immune to religious lobby?
They're not? They would have the same high risk accounts and include the higher fees into their business model.
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This may have been true at some point and is the conventional wisdom now, but it’s no longer accurate as pointed out by others in the discussion here. There’s a lot of pressure coming from anti-porn activists who seem to have zeroed in on smaller companies as the most vulnerable. OnlyFans and the PornHub parent company have faced many different attacks as well, including lawsuits and campaigns for age verification laws, but for whatever reason they seem to be immune to financial pressure. Probably because all they do is adult content, so they are willing to fight it no matter the cost!
(Note that OnlyFans did get attacked in this same way before and briefly attempted to pivot to non-adult content before rapidly backpedaling after a user and creator uproar.)
> because it doesn't allow chargebacks
You can have chargebacks in crypto if the payment is scripted to allow chargebacks. It would be up to the merchant and the buyer on whether or not to allow that, and who would mediate the dispute.
> Stripe (their payment process) will handle adult content payments. It puts the account into the high risk category due to the high rate of fraud in those categories.
Stripe _says_ they will handle these type of payments, but more often than not, within roughly a year of implementation you'll get an email from them kicking you off their platform, no matter how vigilant you were, or even if the things you were selling were more rated R than rated X. Source: my own insider knowledge along with colleagues in the space.