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They are targets for testing stolen numbers: https://blog.sift.com/2016/card-testing-chargebacks-and-nonprofit-donation-sites/ https://blog.sift.com/2016/card-t

They are targets for testing stolen numbers: https://blog.sift.com/2016/card-testing-chargebacks-and-nonprofit-donation-sites/ https://blog.sift.com/2016/card-testing-chargebacks-and-nonp... I can also imagine political orgs having foes.

hunterb123 5y ago
Yup, and crypto nips that in the bud. If you get a confirmed transaction, it's not going to be reversed by some unfair arbitration, you can trust it. It sucks trying to run a game losing $20+ per chargeback and risking getting funds frozen entirely. It sucks to be delisted by PayPal over political bullshit. It sucks Mastercard and other CC companies can decide porn is essentially illegal. - edit @ notahacker - The point is you're at the whim of PayPal, Stripe, and credit card company policies for traditional fiat currency. Have fun trying to sell guns (FFL be damned), porn subs (legal like you mentioned), virtual currency (legal ofc), or anything like that with traditional processors. Crypto is the only option for those industries and a few others if you want to accept payment online. Doesn't matter how many billions the industry is worth if you can't accept a credit card on your site for the service. If all majors processors ban it, it's essentially blocked.
- notahacker 5y ago
  Porn isn't "essentially illegal", it's an industry worth billions of dollars, virtually none of which involves blockchains.
throwawaygh 5y ago
That's interesting, but I don't see how it's related to OP's point. (Which was ostensibly about legitimate donations to legitimate non-profits, but was apparently actually about gambling, porn, and politics...) Using fraud detection technology and/or swallowing the chargeback fees would probably be cheaper than the overhead of using a crpytocurrency+exchange. Setting a minimum donation so that you're not a good target for card testing probably has a lower barrier to entry than requiring use of a crpytocurrency.

hunterb123 5y ago

Yup, and crypto nips that in the bud. If you get a confirmed transaction, it's not going to be reversed by some unfair arbitration, you can trust it. It sucks trying to run a game losing $20+ per chargeback and risking getting funds frozen entirely. It sucks to be delisted by PayPal over political bullshit. It sucks Mastercard and other CC companies can decide porn is essentially illegal. - edit @ notahacker - The point is you're at the whim of PayPal, Stripe, and credit card company policies for traditional fiat currency. Have fun trying to sell guns (FFL be damned), porn subs (legal like you mentioned), virtual currency (legal ofc), or anything like that with traditional processors. Crypto is the only option for those industries and a few others if you want to accept payment online. Doesn't matter how many billions the industry is worth if you can't accept a credit card on your site for the service. If all majors processors ban it, it's essentially blocked.

notahacker 5y ago
Porn isn't "essentially illegal", it's an industry worth billions of dollars, virtually none of which involves blockchains.

throwawaygh 5y ago

That's interesting, but I don't see how it's related to OP's point. (Which was ostensibly about legitimate donations to legitimate non-profits, but was apparently actually about gambling, porn, and politics...) Using fraud detection technology and/or swallowing the chargeback fees would probably be cheaper than the overhead of using a crpytocurrency+exchange. Setting a minimum donation so that you're not a good target for card testing probably has a lower barrier to entry than requiring use of a crpytocurrency.