Paying for Porn?
Discussion
Bet the subject line gets some attention.
Why doesn't the banking / payment industry like porn? There seem to be a lot of companies that start making serious cash from adult content, OnlyFans, Tumblr and Pornhub. The owners of these sites seem to target an IPO at which point the payment processing partners get cold get and dump them.
It can't simply be an ethical decision as plenty of companies who work in dubious industries, such as arms and tobacco can access financial services without problems.
Why doesn't the banking / payment industry like porn? There seem to be a lot of companies that start making serious cash from adult content, OnlyFans, Tumblr and Pornhub. The owners of these sites seem to target an IPO at which point the payment processing partners get cold get and dump them.
It can't simply be an ethical decision as plenty of companies who work in dubious industries, such as arms and tobacco can access financial services without problems.
And this article https://www.bbc.co.uk/news/business-58273914 explains what is happening. Seems odd that Only Fans are making these changes as I thought the vast majority of their income was related to sexually explicit content.
The change wont affect me but yes it does seem odd the payment processors are against porn. I guess its because its obvious they are providing financial services to the sites and there are activists targeting porn that dont target other things
The change wont affect me but yes it does seem odd the payment processors are against porn. I guess its because its obvious they are providing financial services to the sites and there are activists targeting porn that dont target other things
Chrisgr31 said:
And this article https://www.bbc.co.uk/news/business-58273914 explains what is happening.
f
king hell! That's like Greggs banning sausage rolls!!
The payment providers get cold feet on these types of sites once they reach a scale that they can no longer deny involvement to the general public. CSR and all that.
Arms etc are business to business transactions so have an element of deniability. Unless you’ve seen the transaction records for those types of deals the financial services provider can slopey shoulders their involvement.
Late night establishments have no problems taking CC payments apparently.
Arms etc are business to business transactions so have an element of deniability. Unless you’ve seen the transaction records for those types of deals the financial services provider can slopey shoulders their involvement.
Late night establishments have no problems taking CC payments apparently.
b0rk said:
The payment providers get cold feet on these types of sites once they reach a scale that they can no longer deny involvement to the general public. CSR and all that.
Arms etc are business to business transactions so have an element of deniability. Unless you’ve seen the transaction records for those types of deals the financial services provider can slopey shoulders their involvement.
Late night establishments have no problems taking CC payments apparently.
Quite. Aerofoil managed impressive debts and the CC company were far from outraged.Arms etc are business to business transactions so have an element of deniability. Unless you’ve seen the transaction records for those types of deals the financial services provider can slopey shoulders their involvement.
Late night establishments have no problems taking CC payments apparently.
Payment processors got skittish, rightfully so I think, with Pornhub due to the amount of revenge, underage, dubious-or-no-consent porn etc that was ending up on there, that was failing to be policed effectively. As a result, as I understand it, in order to satisfy the processors they had to move to a curated-only verified uploader model.
OF was getting a lot of flak for underage people getting on there and posting content, with them taking similarly less-than-adequate steps to prevent it. Like Pornhub It must’ve basically reached a tipping point where the payment processors were unhappy with the response.
So, yeah, it is a bit myopic to think that the payment processors are simply puritanical. They continue to operate on the new curated-only Pornhub, which remains successful after the policy change, and will continue to do so on whatever OF becomes, assuming they can manage to do the same thing.
OF was getting a lot of flak for underage people getting on there and posting content, with them taking similarly less-than-adequate steps to prevent it. Like Pornhub It must’ve basically reached a tipping point where the payment processors were unhappy with the response.
So, yeah, it is a bit myopic to think that the payment processors are simply puritanical. They continue to operate on the new curated-only Pornhub, which remains successful after the policy change, and will continue to do so on whatever OF becomes, assuming they can manage to do the same thing.
No matter your view on paying for porn or not, from what I understood quite a lot of people made their livelihood on this platform and by removing that ability, they are going to hurt a lot of people due to the actions of a few.
What they should have done is not only tighten up their sign up process (or however they onboard a new creator), but then ban any account that also manages to bypass this, not just warn them.
What they should have done is not only tighten up their sign up process (or however they onboard a new creator), but then ban any account that also manages to bypass this, not just warn them.
I think you’ll find that this explains it quite succinctly.
NSFW language:
https://youtu.be/fcOKqXYusQw?t=128
Edited to start at the right time
NSFW language:
https://youtu.be/fcOKqXYusQw?t=128
Edited to start at the right time
Edited by Driller on Friday 20th August 10:02
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