My point is that the sky isn’t falling and none of these rules are new, just finally being enforced by a different entity. I’m aware that visa/mc doesn’t offer services directly to merchants. But they still set the rules the ipsp’s( like cc bill, epoch, etc), merchant banks and others have to enforce on their shared clients. I have yet to see evidence of anyone being singled out, if you have, please share, otherwise it’s just a conspiracy theory. And frankly, anyone well informed has wondered why these companies were allowed to get away with this stuff for so long. They dared to keep pushing the limit of their agreements and skirted regs/laws via thousands of shell corps for too long. Time to pay the Piper. Between letting anyone upload anything, flaunting copyright, DMCA, and all the credit cross sell stuff, plus hiding is strange jurisdictions, tax avoidance, regulatory avoidance, etc. It’s about time!
Either way, responsible, well ran adult companies aren’t having processing issues. I think even PayPal is talking adult content sites again.
I must give kudos to you for appearing to have a deeper knowledge of the p-tube segment of the industry than the average commenter here. I am more in agreement with your sentiment due to the various aspects you mention,
However i can't say the sky is not falling - it concerns me that this form of payment cancel culture will spread, and will be weaponized beyond the issues brought up for reasons to block PH and OF -
So long as it's easy for the V/MC mafia to boot places like them with out worrying about new competition or regulation, it will likely continue to be used in more nefarious campaigns of cancel in the future.
well ran large adult companies may enjoy the moat effects of smaller processing pools with higher fees, and I am glad to see paypal now accepting adult things..
However the higher fees and the smaller pool of processors willing to accept business with adult sites puts smaller and newer publishers at a huge disadvantage. Playboy may absorb the high fees and have no trouble finding banks willing to take their money - but the average wanna-be independent OF type influencer or independent cam girl will be set with high fees and lack of options for processing.
The small player must also be more worried about being cancelled and having their whole financial means terminated on a whim with no recourse - and to think that it would be easy for these companies to brush it off.
Not that I think v/MC should be forced by regulation to get money for every rando on the net with a cam - but we should be looking for easier alternatives for smaller groups to avoid being unbanked by a vocal minority.
I don't know if the answer is easier crypto, or some sort of rules to say if you process visa / mc you must also take some non-partisan cards / accounts that do not rely on credit ratings / moral objections - and not charge big fees - or something else entirely - but it's something I think is worth worrying about at this point.
Thoughtful response, and nice to find someone that has a reasonable knowledge on the matter as well.
I do agree with your point about cancel culture and payments, it is rather scary what/who else they could come after. If they want to be a payment platform, they shouldn’t be picking sides and just be enforcing what laws they fall under instead. But the cut off public opinion is a harsh and unpredictable place.
Either way, responsible, well ran adult companies aren’t having processing issues. I think even PayPal is talking adult content sites again.