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Ostensibly, payment providers block this type of thing because it has higher fraud risk, but this makes me wonder: do countries where credit is less fundamental
by paulgb 5y ago
Ostensibly, payment providers block this type of thing because it has higher fraud risk, but this makes me wonder: do countries where credit is less fundamental to payments have the same problem? My understanding is that in the UK, for example, you could make a deposit to a betting site with the same payment card you use to buy milk, since it's more secure than a credit card and the counterparty assumes less risk.
- cblconfederate 5y agoThat should be a myth by now. Would be interesting if e.g. Stripe could share the fraud statistics for onlyfans. The banks probably do this purely to keep up appearances and avoid potential bad PR.
- imglorp 5y agoI don't understand who appointed the banks became the keepers of puritanical propriety. They're terrified someone might see a boob or buy some weed, and the weight of the world rests on the banks to prevent that from happening.
- paulgb 5y ago> I don't understand who appointed the banks became the keepers of puritanical propriety. Congress, for one. There's a history of bills that are meant to target trafficking scooping up consensual practices as well (see also the Mann Act, SESTA/FOSTA). I'm not sure how influential the threat of something like this was here, but it can't help: https://www.huffpost.com/entry/human-trafficking-banking-bill-sex-workers_n_5b045577e4b0740c25e5efd1 https://www.huffpost.com/entry/human-trafficking-banking-bil...
- ryandvm 5y agoIt's probably not fraud so much as it is chargebacks from guys whose wives are asking "wtf is this OnlyFans charge?!?" "Ah shit, honey. Somebody must have stolen my card."
- cblconfederate 5y agothat's the popular myth. is there evidence for that?
- CheezeIt 5y agoThis was targeted illegally by the administration under Operation Choke Point, and I would hazard to guess something similar is happening again now.
- selectodude 5y agoHere in the United States I use the same debit card for sports betting and groceries.
- fleddr 5y agoSame here in the Netherlands, we pay with a debit card. In stores as well as online. May people do have one (55%) as it sometimes comes with a payment package, but they are generally frowned upon as tech from the stone age and insecure.