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>And why is the payment processor doing that? Because they're afraid of the government. AFAIK, the only place government wrings the hand of payment providers i
by nemothekid 9y ago
>And why is the payment processor doing that? Because they're afraid of the government.
AFAIK, the only place government wrings the hand of payment providers is for terrorism or they want to specifically choke a political actor.
In Patreon's case, I'd imagine it has to do more with fraud, or more specifically how the "big" payment providers won't touch porn. (After all, the big porn sites have been processing credit cards since the dawn of the internet, just not through the same avenues as a eCommerce store would go through, if the government really cared, those sites wouldn't be able to process credit cards either).
I see Patreon uses both PayPal and Stripe as their payments processor - Stripe has pornography spelled out in its term of service as prohibited, and PayPal is far less lenient when it comes to breaking their ToS. I can imagine as Patreon grows, Stripe and PayPal (who in turn might be getting their screws turned by Visa and Mastercard), might start forcing Patreon to deal with these creators.
It's a very unfortunate spot Patreon is in, and I hope they aren't forced to cleanse their platform.
- afarrell 9y ago> Stripe has pornography spelled out in its term of service as prohibited IIRC in 2011 this was due to the terms of their contract with their banking partner, Wells Fargo. I suspect this is still the case.