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This isn't the real problem for payment processors. The problem for payment processors is fraud and chargebacks. The porn industry is an absolute magnet for att
by XorNot 4y ago
This isn't the real problem for payment processors. The problem for payment processors is fraud and chargebacks. The porn industry is an absolute magnet for attempts at using fake or stolen credit cards, either for just plain theft, or from caught spouse's filing fraud claims when the bill is found, or any other of dozens of similar sorts of issues.
It's a great way to launder money for example: the goods are transient, frequently cross national borders, but are only video streams and pictures, and easily explainable at huge purchase rates.
The problem is that for payment processors, the business simply attracts problems through a myriad of historical social factors which are well beyond their control.