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Can someone with knowledge of these things clarify the ramifications for their business if they were to allow something like this on their platform? I'd imagine
by shmageggy 5y ago
Can someone with knowledge of these things clarify the ramifications for their business if they were to allow something like this on their platform? I'd imagine it would have significant regulatory and legal implications. Which of course sounds mild compared to the ramifications to the lives of those affected, but I'm wondering if it would be a business-killing move for some legal reason.
To me, the wildest thing here is not that they enforced their policy, but that a site that started as a means for YouTube musicians to get paid has now become a player in international politics and warfare.
- nemo44x 5y agoThey could be accused of funding terrorisim. For instance, imagine a radical fringe group the far left of the West falls in love with takes up arms against a group of people they believe is unjustly occupying their land. So the Western far left group uses Patreon to raise funds so this group can buy military grade weapons to use against their occupiers. Congrats, you just funded Hammas.
- charcircuit 5y ago>Can someone with knowledge of these things clarify the ramifications for their business if they were to allow something like this on their platform? Worst case (ignoring the legal side of things) their payment processors stop working with them and Patreon needs to find new payment processors that allow for more high risk transactions. To avoid paying the higher processing fees Patreon would want to find a way to use payment processors who are okay with these higher risk transacions to only be used on these higher risk patreons.