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You had (still have?) the same issue with marijuana businesses. Not easy to open a bank account for a marijuana business.
by rapind 5y ago
You had (still have?) the same issue with marijuana businesses. Not easy to open a bank account for a marijuana business.
- elliekelly 5y agoYes except there's one major legal difference: selling marijuana is (for now) a federal crime and selling naked photos is not. So AML regulations do actually prohibit banks/payment processors from servicing marijuana businesses but they do not prohibit them from servicing OnlyFans.
- emodendroket 5y agoI would bet money that there is some portion of the content on OnlyFans breaking the law.
- koolba 5y agoLike what? Besides kiddie porn and sex trafficking / forced labor, what could possibly be illegal? Isn't this site just a bunch of naked girls twerking in front of webcam?
- emodendroket 5y agoYeah, exactly. Underage performers, revenge porn, nonconsensual stuff. These are common problems for every other site with adult content so why would they be immune.
- michaelt 5y agoI don't know much about OnlyFans, but isn't it mostly solo performances, where the performer is the channel owner? And every viewer is paying? That would mean you just have to confirm performer, photo ID and bank account all match. And the cost of any manual checks can be funded by your margin on the viewers' payments.
- emodendroket 5y agoI think there is a lot of content which is not solo.
- elliekelly 5y agoI’m sure you’re right. But the same is probably true for Reddit and YouTube and Amazon but for some reason Visa and MasterCard don’t seem so concerned...
- emodendroket 5y agoWell, all of them have been forced to curtail some kinds of content in response to outside pressure as well. OnlyFans is just unique in being all-in on this one kind.