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Wyre Payments, the company’s upstream payment processor, terminated SpankPay’s account because Wyre’s new payment processor, Checkout.com doesn’t al
by FreeHugs 4y ago
Wyre Payments, the company’s upstream payment
processor, terminated SpankPay’s account because
Wyre’s new payment processor, Checkout.com
doesn’t allow processing for payments related
to sexual businesses
SpankPay, Wyre, Checkoutcom ... How does this all work? What does the person who wants to pay a sex worker via SpankPay do? Do they use their usual Visa credit card or is the process different?
- adrr 4y agoyou change the laws in banking so the risk is much lower to financial companies. Sex work intertwined with trafficking and no company wants to take financial risk. Chase is in the headlines for getting sued for facilitating trafficking.