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I have more faith in the greed of bank CEO's than to believe this is anything other than risk avoidance.

• pzone 10y ago
  It really isn't. Fraud risk is something that can be actuarially managed by setting appropriate fees and surcharges on at-risk sites. It would be a huge profit opportunity if they were allowed to take it. This is part of a broad effort to moralize what we are allowed to buy and sell online.
  • gizmo686 10y ago
    I doubt the concern was fraud risk. Fetlife has been accepting cards for long enough that they should have data on the Fetlife fraud rate specifically, so wouldn't have any reason to blindly apply a sex=>fraud policy that they would if they Fetlife were applying for the first time. It is probably a legal risk from laws that hold them liable for certain merchant behaviours.
  • tptacek 10y ago
    This is the second place you've made this objection (fair enough!) but I'd rather not repeat my rebuttal, so here it is: https://news.ycombinator.com/item?id=13487052 https://news.ycombinator.com/item?id=13487052