Hacker News new | ask | show | jobs
by segmondy 331 days ago
It's not the payment processes that care, it's the underwriting banks!

It's not the underwriting banks that care, it's the investors that own shares in the banks, and the insurance company that cover those banks.

Outside of religious groups, the other owners don't want to be exposed legally or financially due to losses in high risk are strongly regulated areas like gambling, porn, etc. This is why processors say no or might start enforcing on these.

2 comments

Does my bank give a shit about the morality of pornography? Can we look up which banks give a shit? Investors invest in actual porn companies too, so clearly it's not a valid generalization that investors hate porn.

I hear porn has a significantly higher chargeback rate. This could be compensated with higher merchant fees.

It's more likely because incest rhymes with CSAM.