TechCrunch did an interesting piece on this: https://www.engadget.com/2015/12/02/paypal-square-and-big-bankings-war-on-the-sex-industry/ https://www.engadget.co

TechCrunch did an interesting piece on this: https://www.engadget.com/2015/12/02/paypal-square-and-big-bankings-war-on-the-sex-industry/ https://www.engadget.com/2015/12/02/paypal-square-and-big-ba... The short version: PayPal blames the credit card companies, the credit card companies have nothing to do with it, and looking at court cases seems to indicate that regulations once required financial institutions to consider "reputational risk" but those were ruled unconstitutional a few years ago. It seems like everyone is sleepwalking into censorship based on entrenched business practices rather than actually making reasoned decisions.